BNP Paribas Financial Markets Purchases 229,363 Shares of FMC Co. (NYSE:FMC)

BNP Paribas Financial Markets boosted its position in FMC Co. (NYSE:FMC) by 122.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 416,391 shares of the basic materials company’s stock after acquiring an additional 229,363 shares during the period. BNP Paribas Financial Markets’ holdings in FMC were worth $20,241,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. grew its holdings in FMC by 1.3% during the 4th quarter. Ameriprise Financial Inc. now owns 1,495,609 shares of the basic materials company’s stock worth $72,712,000 after acquiring an additional 18,777 shares during the period. Algert Global LLC grew its stake in shares of FMC by 0.5% during the fourth quarter. Algert Global LLC now owns 59,052 shares of the basic materials company’s stock worth $2,871,000 after purchasing an additional 300 shares during the period. Atlantic Investment Management Inc. bought a new stake in FMC in the fourth quarter valued at about $15,604,000. DoubleLine ETF Adviser LP acquired a new position in FMC in the fourth quarter valued at about $672,000. Finally, Mercer Global Advisors Inc. ADV grew its position in shares of FMC by 17.9% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 6,792 shares of the basic materials company’s stock worth $330,000 after buying an additional 1,033 shares during the period. 91.86% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other FMC news, Director Carol Anthony Davidson acquired 6,000 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was bought at an average cost of $37.33 per share, with a total value of $223,980.00. Following the completion of the transaction, the director now directly owns 6,000 shares in the company, valued at approximately $223,980. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Ronaldo Pereira bought 5,600 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average cost of $35.77 per share, for a total transaction of $200,312.00. Following the completion of the acquisition, the insider now directly owns 48,837 shares in the company, valued at $1,746,899.49. The trade was a 12.95 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. UBS Group lifted their price objective on shares of FMC from $38.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday, May 1st. BMO Capital Markets lowered their price objective on shares of FMC from $62.00 to $50.00 and set a “market perform” rating for the company in a research report on Wednesday, February 5th. Royal Bank of Canada lowered FMC from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from $78.00 to $47.00 in a report on Wednesday, February 5th. Morgan Stanley decreased their target price on FMC from $70.00 to $46.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Finally, Redburn Atlantic lowered FMC from a “buy” rating to a “neutral” rating and set a $49.00 price target on the stock. in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, FMC presently has a consensus rating of “Hold” and an average target price of $49.46.

FMC Stock Up 0.5 %

Shares of FMC stock opened at $36.80 on Friday. The firm’s fifty day moving average price is $39.39 and its two-hundred day moving average price is $47.42. The company has a current ratio of 1.64, a quick ratio of 1.24 and a debt-to-equity ratio of 0.67. FMC Co. has a 1 year low of $32.83 and a 1 year high of $68.72. The firm has a market capitalization of $4.60 billion, a P/E ratio of 13.53, a PEG ratio of 1.90 and a beta of 0.80.

FMC (NYSE:FMC) last released its earnings results on Wednesday, April 30th. The basic materials company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.10. The business had revenue of $791.40 million for the quarter, compared to analyst estimates of $783.70 million. FMC had a return on equity of 9.67% and a net margin of 8.03%. FMC’s revenue was down 13.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.36 earnings per share. On average, equities analysts predict that FMC Co. will post 3.48 EPS for the current fiscal year.

FMC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, June 30th will be issued a dividend of $0.58 per share. The ex-dividend date is Monday, June 30th. This represents a $2.32 dividend on an annualized basis and a yield of 6.30%. FMC’s payout ratio is 88.55%.

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.