Shayne & Jacobs LLC Acquires Shares of 20,023 FMC Co. (NYSE:FMC)

Shayne & Jacobs LLC bought a new stake in shares of FMC Co. (NYSE:FMCFree Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 20,023 shares of the basic materials company’s stock, valued at approximately $1,341,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted its position in FMC by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 14,067,888 shares of the basic materials company’s stock valued at $1,850,913,000 after acquiring an additional 258,552 shares in the last quarter. BlackRock Inc. boosted its position in FMC by 2.0% during the 1st quarter. BlackRock Inc. now owns 11,637,405 shares of the basic materials company’s stock valued at $1,421,276,000 after acquiring an additional 228,436 shares in the last quarter. State Street Corp boosted its position in FMC by 1.2% during the 2nd quarter. State Street Corp now owns 5,753,525 shares of the basic materials company’s stock valued at $603,597,000 after acquiring an additional 70,005 shares in the last quarter. Boston Partners boosted its position in FMC by 12.6% during the 2nd quarter. Boston Partners now owns 2,958,032 shares of the basic materials company’s stock valued at $308,535,000 after acquiring an additional 330,228 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in FMC by 1.6% during the 2nd quarter. Geode Capital Management LLC now owns 2,654,077 shares of the basic materials company’s stock valued at $276,194,000 after acquiring an additional 40,758 shares in the last quarter. Institutional investors own 86.91% of the company’s stock.

Insider Buying and Selling at FMC

In other FMC news, Director Robert C. Pallash bought 3,845 shares of the company’s stock in a transaction dated Monday, November 27th. The shares were purchased at an average cost of $52.48 per share, for a total transaction of $201,785.60. Following the transaction, the director now directly owns 47,871 shares of the company’s stock, valued at $2,512,270.08. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.85% of the company’s stock.

FMC Stock Performance

Shares of NYSE FMC traded down $6.08 during trading on Tuesday, reaching $54.34. 3,621,479 shares of the company traded hands, compared to its average volume of 1,669,385. The firm’s fifty day simple moving average is $58.64 and its 200 day simple moving average is $67.41. The stock has a market cap of $6.78 billion, a P/E ratio of 13.74, a PEG ratio of 1.77 and a beta of 0.88. FMC Co. has a 12-month low of $49.49 and a 12-month high of $131.77. The company has a current ratio of 1.54, a quick ratio of 0.96 and a debt-to-equity ratio of 0.91.

FMC (NYSE:FMCGet Free Report) last released its quarterly earnings data on Monday, February 5th. The basic materials company reported $1.07 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.01). The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.25 billion. FMC had a net margin of 10.01% and a return on equity of 18.84%. During the same quarter in the previous year, the business posted $2.37 EPS. As a group, research analysts anticipate that FMC Co. will post 3.82 earnings per share for the current fiscal year.

FMC Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 18th. Shareholders of record on Friday, December 29th were paid a dividend of $0.58 per share. The ex-dividend date was Thursday, December 28th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.27%. FMC’s payout ratio is currently 59.03%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Vertical Research raised FMC from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a research report on Monday, October 16th. UBS Group raised their price objective on FMC from $59.00 to $61.00 and gave the stock a “neutral” rating in a research report on Thursday, January 11th. The Goldman Sachs Group reissued a “neutral” rating and issued a $59.00 price objective (down previously from $135.00) on shares of FMC in a research report on Tuesday, October 24th. Wells Fargo & Company lowered their price objective on FMC from $99.00 to $73.00 and set an “equal weight” rating for the company in a research report on Monday, October 23rd. Finally, StockNews.com raised FMC from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $80.13.

Check Out Our Latest Stock Report on FMC

About FMC

(Free Report)

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 include 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.

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Institutional Ownership by Quarter for FMC (NYSE:FMC)

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