UniSuper Management Pty Ltd Has $1.38 Million Holdings in FMC Co. (NYSE:FMC)

UniSuper Management Pty Ltd lifted its stake in shares of FMC Co. (NYSE:FMC) by 35.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,301 shares of the basic materials company’s stock after purchasing an additional 7,422 shares during the period. UniSuper Management Pty Ltd’s holdings in FMC were worth $1,376,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Golden State Wealth Management LLC acquired a new position in FMC during the 4th quarter worth $29,000. Millburn Ridgefield Corp raised its position in shares of FMC by 186.2% during the third quarter. Millburn Ridgefield Corp now owns 498 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 324 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of FMC by 217.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company’s stock valued at $36,000 after acquiring an additional 511 shares during the period. IFP Advisors Inc boosted its holdings in FMC by 65.3% in the fourth quarter. IFP Advisors Inc now owns 959 shares of the basic materials company’s stock valued at $47,000 after acquiring an additional 379 shares during the last quarter. Finally, Principal Securities Inc. increased its position in FMC by 34.7% in the fourth quarter. Principal Securities Inc. now owns 990 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 255 shares during the period. 91.86% of the stock is owned by institutional investors.

FMC Trading Down 0.9 %

NYSE FMC opened at $42.25 on Monday. FMC Co. has a one year low of $33.80 and a one year high of $68.72. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.64 and a quick ratio of 1.24. The firm has a market cap of $5.28 billion, a P/E ratio of 15.53, a P/E/G ratio of 1.90 and a beta of 0.93. The stock’s 50-day moving average is $43.00 and its 200-day moving average is $52.75.

FMC (NYSE:FMC) last announced its earnings results on Tuesday, February 4th. The basic materials company reported $1.79 EPS for the quarter, topping 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%. Sell-side analysts anticipate that FMC Co. will post 3.48 earnings per share for the current fiscal year.

FMC Dividend Announcement

The business 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 $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 5.49%. The ex-dividend date is Monday, March 31st. FMC’s payout ratio is presently 85.29%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. UBS Group downgraded shares of FMC from a “buy” rating to a “neutral” rating and cut their target price for the company from $66.00 to $38.00 in a research report on Friday, February 7th. Bank of America reaffirmed an “underperform” rating and issued a $48.00 price objective (down from $61.00) on shares of FMC in a research note on Wednesday, February 5th. Morgan Stanley dropped their target price on shares of FMC from $70.00 to $46.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. StockNews.com lowered FMC from a “buy” rating to a “hold” rating in a research report on Saturday, February 22nd. Finally, Mizuho dropped their price objective on FMC from $70.00 to $55.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $51.15.

Insiders Place Their Bets

In other FMC news, Director Carol Anthony Davidson bought 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average price of $37.33 per share, with a total value of $223,980.00. Following the completion of the transaction, the director now owns 6,000 shares in the company, valued at approximately $223,980. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 sale, the executive vice president now owns 25,468 shares in the company, valued at $1,407,107. The trade was a 10.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company’s stock.

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.