US Asset Management LLC Invests $217,000 in FMC Co. (NYSE:FMC)

US Asset Management LLC acquired a new stake in FMC Co. (NYSE:FMC) in the 4th quarter, Holdings Channel.com reports. The firm acquired 3,437 shares of the basic materials company’s stock, valued at approximately $217,000.

A number of other institutional investors have also recently added to or reduced their stakes in FMC. Wellington Management Group LLP grew its holdings in shares of FMC by 17.7% in the 3rd quarter. Wellington Management Group LLP now owns 10,881,670 shares of the basic materials company’s stock worth $728,745,000 after acquiring an additional 1,634,535 shares during the period. Russell Investments Group Ltd. grew its stake in FMC by 517.5% in the 4th quarter. Russell Investments Group Ltd. now owns 809,382 shares of the basic materials company’s stock valued at $51,032,000 after acquiring an additional 678,307 shares during the last quarter. Qube Research & Technologies Ltd increased its holdings in FMC by 175.2% during the 3rd quarter. Qube Research & Technologies Ltd now owns 835,871 shares of the basic materials company’s stock valued at $55,978,000 after acquiring an additional 532,158 shares in the last quarter. Invesco Ltd. raised its position in FMC by 37.9% during the third quarter. Invesco Ltd. now owns 1,764,469 shares of the basic materials company’s stock worth $118,166,000 after acquiring an additional 484,500 shares during the last quarter. Finally, Tweedy Browne Co LLC lifted its holdings in shares of FMC by 43.2% in the third quarter. Tweedy Browne Co LLC now owns 1,443,804 shares of the basic materials company’s stock valued at $96,692,000 after purchasing an additional 435,404 shares in the last quarter. Hedge funds and other institutional investors own 91.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Loop Capital increased their target price on FMC from $55.00 to $65.00 and gave the company a “hold” rating in a report on Tuesday, March 19th. Bank of America cut FMC from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $60.00 to $57.00 in a report on Tuesday, January 16th. Royal Bank of Canada lowered their target price on FMC from $61.00 to $59.00 and set an “outperform” rating on the stock in a report on Thursday, February 8th. UBS Group upgraded FMC from a “neutral” rating to a “buy” rating and increased their target price for the company from $61.00 to $84.00 in a report on Wednesday, March 20th. Finally, StockNews.com upgraded FMC from a “sell” rating to a “hold” rating in a report on Wednesday. One 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 data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $71.69.

Insider Transactions at FMC

In other FMC news, CFO Andrew D. Sandifer bought 2,150 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were acquired at an average cost of $59.22 per share, with a total value of $127,323.00. Following the completion of the transaction, the chief financial officer now owns 50,088 shares in the company, valued at $2,966,211.36. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.81% of the company’s stock.

FMC Stock Up 3.4 %

NYSE:FMC traded up $2.18 during mid-day trading on Thursday, hitting $67.02. The company had a trading volume of 1,347,201 shares, compared to its average volume of 1,983,840. The business has a fifty day simple moving average of $60.99 and a 200-day simple moving average of $57.84. The company has a current ratio of 1.52, a quick ratio of 1.01 and a debt-to-equity ratio of 0.68. FMC Co. has a 1 year low of $49.49 and a 1 year high of $112.10. The firm has a market capitalization of $8.37 billion, a price-to-earnings ratio of 6.16, a PEG ratio of 1.99 and a beta of 0.88.

FMC (NYSE:FMC) last released its quarterly earnings data on Monday, May 6th. The basic materials company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.35 by $0.01. FMC had a return on equity of 12.98% and a net margin of 29.45%. The company had revenue of $918.00 million for the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the company posted $1.77 earnings per share. The firm’s revenue was down 31.7% compared to the same quarter last year. Equities analysts forecast that FMC Co. will post 3.88 earnings per share for the current fiscal year.

FMC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Friday, June 28th will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date is Friday, June 28th. FMC’s payout ratio is 22.03%.

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.