Janus Henderson Group PLC Acquires 286 Shares of FMC Co. (NYSE:FMC)

Janus Henderson Group PLC raised its holdings in shares of FMC Co. (NYSE:FMC) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,771 shares of the basic materials company’s stock after purchasing an additional 286 shares during the quarter. Janus Henderson Group PLC’s holdings in FMC were worth $2,905,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Golden State Wealth Management LLC bought a new stake in FMC during the fourth quarter worth approximately $29,000. EverSource Wealth Advisors LLC boosted its holdings in shares of FMC by 217.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 511 shares during the period. Resona Asset Management Co. Ltd. bought a new position in shares of FMC during the 4th quarter valued at approximately $37,000. IFP Advisors Inc raised its holdings in FMC by 65.3% during the 4th quarter. IFP Advisors Inc now owns 959 shares of the basic materials company’s stock valued at $47,000 after buying an additional 379 shares during the period. Finally, Principal Securities Inc. lifted 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 buying an additional 255 shares during the last quarter. 91.86% of the stock is owned by hedge funds and other institutional investors.

FMC Price Performance

Shares of FMC stock opened at $40.57 on Wednesday. The stock has a market capitalization of $5.07 billion, a price-to-earnings ratio of 14.92, a P/E/G ratio of 1.90 and a beta of 0.80. 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 twelve month low of $32.83 and a twelve month high of $68.55. The stock has a fifty day simple moving average of $39.17 and a two-hundred day simple moving average of $46.16.

FMC (NYSE:FMC) last issued 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. FMC had a net margin of 8.03% and a return on equity of 9.67%. The company had revenue of $791.40 million for the quarter, compared to analysts’ expectations of $783.70 million. During the same period in the prior year, the business earned $0.36 EPS. The firm’s quarterly revenue was down 13.8% on a year-over-year basis. On average, analysts predict that FMC Co. will post 3.48 EPS for the current fiscal year.

FMC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Monday, June 30th will be given a dividend of $0.58 per share. The ex-dividend date is Monday, June 30th. This represents a $2.32 annualized dividend and a yield of 5.72%. FMC’s dividend payout ratio (DPR) is presently 88.55%.

Insider Activity

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on FMC. The Goldman Sachs Group started coverage on shares of FMC in a research report on Thursday, March 13th. They set a “buy” rating and a $51.00 price objective on the stock. Redburn Atlantic lowered shares of FMC from a “buy” rating to a “neutral” rating and set a $49.00 price objective on the stock. in a research report on Friday, February 14th. Morgan Stanley decreased their price objective on shares of FMC from $70.00 to $46.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Citigroup upped their target price on FMC from $55.00 to $61.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Finally, Barclays decreased their price target on FMC from $65.00 to $48.00 and set an “overweight” rating for the company in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, FMC currently has an average rating of “Hold” and a consensus price target of $49.46.

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.