FMC Co. (NYSE:FMC) Shares Sold by Quadrature Capital Ltd

Quadrature Capital Ltd reduced its stake in FMC Co. (NYSE:FMC) by 59.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 42,420 shares of the basic materials company’s stock after selling 62,662 shares during the quarter. Quadrature Capital Ltd’s holdings in FMC were worth $2,675,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in FMC. Rhumbline Advisers lifted its holdings in shares of FMC by 0.4% in the 3rd quarter. Rhumbline Advisers now owns 256,886 shares of the basic materials company’s stock worth $17,204,000 after acquiring an additional 1,021 shares during the last quarter. Aviva PLC lifted its holdings in shares of FMC by 856.5% in the 3rd quarter. Aviva PLC now owns 46,130 shares of the basic materials company’s stock worth $3,089,000 after acquiring an additional 41,307 shares during the last quarter. Kestra Advisory Services LLC lifted its holdings in FMC by 14.4% during the 3rd quarter. Kestra Advisory Services LLC now owns 12,493 shares of the basic materials company’s stock worth $837,000 after buying an additional 1,574 shares in the last quarter. Prudential PLC lifted its holdings in FMC by 328.2% during the 3rd quarter. Prudential PLC now owns 35,589 shares of the basic materials company’s stock worth $2,383,000 after buying an additional 27,278 shares in the last quarter. Finally, Rafferty Asset Management LLC lifted its holdings in FMC by 10.9% during the 3rd quarter. Rafferty Asset Management LLC now owns 9,299 shares of the basic materials company’s stock worth $623,000 after buying an additional 916 shares in the last quarter. 91.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on FMC shares. KeyCorp increased their target price on shares of FMC from $79.00 to $81.00 and gave the stock an “overweight” rating in a report on Wednesday, May 8th. Wells Fargo & Company increased their target price on shares of FMC from $65.00 to $68.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 8th. UBS Group upgraded shares of FMC from a “neutral” rating to a “buy” rating and increased their target price for the stock from $61.00 to $84.00 in a report on Wednesday, March 20th. StockNews.com upgraded shares of FMC from a “sell” rating to a “hold” rating in a report on Wednesday, May 8th. Finally, Royal Bank of Canada raised their price objective on shares of FMC from $65.00 to $81.00 and gave the company an “outperform” rating in a report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $70.56.

FMC Trading Up 0.4 %

Shares of FMC stock opened at $56.20 on Tuesday. FMC Co. has a 1 year low of $49.49 and a 1 year high of $108.91. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.02 and a current ratio of 1.46. The company has a market capitalization of $7.01 billion, a P/E ratio of 6.24, a PEG ratio of 1.10 and a beta of 0.88. The company’s fifty day moving average is $60.39 and its two-hundred day moving average is $59.24.

FMC (NYSE:FMC) last issued its quarterly earnings data on Monday, May 6th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. FMC had a net margin of 27.65% and a return on equity of 7.68%. The company had revenue of $918.00 million for the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the firm posted $1.77 EPS. FMC’s revenue for the quarter was down 31.7% on a year-over-year basis. Analysts forecast that FMC Co. will post 3.71 earnings per share for the current year.

FMC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Friday, June 28th will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 4.13%. The ex-dividend date is Friday, June 28th. FMC’s payout ratio is 25.89%.

FMC Company Profile

FMC Corporation, an agricultural sciences company, provides crop protection, plant health, and professional pest and turf management products. It develops, markets, and sells crop protection chemicals that includes insecticides, herbicides, and fungicides; and biologicals, crop nutrition, and seed treatment products, which are used in agriculture to enhance crop yield and quality by controlling a range of insects, weeds, and diseases, as well as in non-agricultural markets for pest control.