Quantbot Technologies LP Acquires 67,194 Shares of FMC Co. (NYSE:FMC)

Quantbot Technologies LP lifted its holdings in shares of FMC Co. (NYSE:FMC) by 2,372.7% during the 4th quarter, Holdings Channel reports. The firm owned 70,026 shares of the basic materials company’s stock after purchasing an additional 67,194 shares during the period. Quantbot Technologies LP’s holdings in FMC were worth $3,404,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in FMC. Golden State Wealth Management LLC acquired a new stake in shares of FMC during the 4th quarter worth approximately $29,000. Millburn Ridgefield Corp boosted its position in shares of FMC by 186.2% during the 3rd quarter. Millburn Ridgefield Corp now owns 498 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 324 shares in the last quarter. First Horizon Advisors Inc. boosted its position in shares of FMC by 90.8% during the 3rd quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 246 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of FMC by 217.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company’s stock worth $36,000 after acquiring an additional 511 shares in the last quarter. Finally, IFP Advisors Inc boosted its position in shares of FMC by 65.3% during the 4th quarter. IFP Advisors Inc now owns 959 shares of the basic materials company’s stock worth $47,000 after acquiring an additional 379 shares in the last quarter. 91.86% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Michael Finian Reilly sold 2,958 shares of FMC stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $55.25, for a total transaction of $163,429.50. Following the completion of the transaction, the executive vice president now owns 25,468 shares of the company’s stock, valued at $1,407,107. This trade represents a 10.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ronaldo Pereira bought 5,600 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average cost of $35.77 per share, with a total value of $200,312.00. Following the purchase, the insider now directly owns 48,837 shares of the company’s stock, valued at $1,746,899.49. The trade was a 12.95 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.85% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on FMC shares. KeyCorp reduced their price target on shares of FMC from $55.00 to $51.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. Bank of America reiterated an “underperform” rating and set a $48.00 price target (down previously from $61.00) on shares of FMC in a research report on Wednesday, February 5th. Morgan Stanley reduced their price target on shares of FMC from $70.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. The Goldman Sachs Group initiated coverage on shares of FMC in a research report on Thursday, March 13th. They issued a “buy” rating and a $51.00 target price on the stock. Finally, Redburn Atlantic lowered shares of FMC from a “buy” rating to a “neutral” rating and set a $49.00 target price on the stock. in a research report on Friday, February 14th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $51.15.

FMC Price Performance

FMC stock opened at $41.62 on Friday. The company has a fifty day moving average price of $44.12 and a 200-day moving average price of $53.57. The company has a market capitalization of $5.20 billion, a P/E ratio of 15.30, a PEG ratio of 1.90 and a beta of 0.93. FMC Co. has a 52-week low of $33.80 and a 52-week high of $68.72. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.24 and a current ratio of 1.64.

FMC (NYSE:FMC) last released its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.14. FMC had a net margin of 8.03% and a return on equity of 9.67%. As a group, equities analysts expect that FMC Co. will post 3.48 EPS for the current year.

FMC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 5.57%. The ex-dividend date of this dividend is Monday, March 31st. FMC’s dividend payout ratio is presently 85.29%.

FMC 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.