Weiss Asset Management LP Takes Position in FMC Co. (NYSE:FMC)

Weiss Asset Management LP purchased a new position in FMC Co. (NYSE:FMC – Get Rating) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 35,225 shares of the basic materials company’s stock, valued at approximately $3,723,000.

Several other institutional investors have also made changes to their positions in the stock. EP Wealth Advisors LLC lifted its position in FMC by 4.5% in the 3rd quarter. EP Wealth Advisors LLC now owns 402,310 shares of the basic materials company’s stock worth $42,524,000 after buying an additional 17,337 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of FMC by 33.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 37,000 shares of the basic materials company’s stock worth $3,913,000 after acquiring an additional 9,201 shares in the last quarter. IHT Wealth Management LLC boosted its position in FMC by 13.6% during the third quarter. IHT Wealth Management LLC now owns 2,857 shares of the basic materials company’s stock valued at $302,000 after purchasing an additional 341 shares during the last quarter. Teachers Retirement System of The State of Kentucky purchased a new position in FMC in the third quarter valued at about $5,368,000. Finally, National Pension Service increased its position in FMC by 11.9% in the 3rd quarter. National Pension Service now owns 195,301 shares of the basic materials company’s stock worth $20,762,000 after purchasing an additional 20,829 shares during the last quarter. 88.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. The Goldman Sachs Group lifted their price target on FMC from $155.00 to $159.00 and gave the company a “buy” rating in a report on Tuesday, February 14th. Redburn Partners raised shares of FMC from a “neutral” rating to a “buy” rating and set a $155.00 target price for the company in a research report on Friday. UBS Group raised their price target on shares of FMC from $142.00 to $147.00 and gave the company a “buy” rating in a report on Wednesday, January 11th. StockNews.com started coverage on shares of FMC in a report on Thursday. They issued a “buy” rating for the company. Finally, Royal Bank of Canada raised their target price on FMC from $139.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, February 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $144.08.

Insider Activity at FMC

In other FMC news, CFO Andrew D. Sandifer sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, March 2nd. The stock was sold at an average price of $127.77, for a total value of $638,850.00. Following the completion of the transaction, the chief financial officer now owns 39,061 shares of the company’s stock, valued at approximately $4,990,823.97. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other FMC news, EVP Ronaldo Pereira sold 1,955 shares of FMC stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $129.29, for a total transaction of $252,761.95. Following the sale, the executive vice president now owns 19,478 shares in the company, valued at $2,518,310.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Andrew D. Sandifer sold 5,000 shares of the stock in a transaction on Thursday, March 2nd. The shares were sold at an average price of $127.77, for a total transaction of $638,850.00. Following the completion of the transaction, the chief financial officer now owns 39,061 shares of the company’s stock, valued at approximately $4,990,823.97. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,376 shares of company stock worth $1,465,016. Company insiders own 0.57% of the company’s stock.

FMC Stock Performance

Shares of NYSE FMC opened at $116.07 on Friday. FMC Co. has a 12 month low of $98.24 and a 12 month high of $140.99. The company has a market cap of $14.52 billion, a P/E ratio of 19.94, a P/E/G ratio of 1.46 and a beta of 0.84. The business’s 50 day moving average is $127.42 and its two-hundred day moving average is $121.98. The company has a quick ratio of 1.00, a current ratio of 1.43 and a debt-to-equity ratio of 0.80.

FMC (NYSE:FMC – Get Rating) last announced its earnings results on Wednesday, February 8th. The basic materials company reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.32 by $0.05. The business had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.53 billion. FMC had a net margin of 12.69% and a return on equity of 29.29%. FMC’s revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.16 earnings per share. On average, equities analysts expect that FMC Co. will post 7.92 EPS for the current year.

FMC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 20th. Investors of record on Friday, March 31st will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Thursday, March 30th. FMC’s payout ratio is presently 39.86%.

FMC Company Profile

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FMC Corp. is an agricultural sciences company, which engages in the provision of solutions to growers and development of pipeline in crop protection, plant health, precision agriculture, and professional pest, and turf management. It offers insect control products under the Rynaxypyr and Cyazypyr brands, herbicides under the Authority, Boral, Centium, Command, and Gamit brands, insecticides under the Talstar and Hero brands, flutriafol-based fungicides, and bionematicides under the Quartzo and Presence brands.