GAMMA Investing LLC Raises Stake in FMC Co. (NYSE:FMC)

GAMMA Investing LLC lifted its position in shares of FMC Co. (NYSE:FMC) by 8,963.6% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 179,097 shares of the basic materials company’s stock after purchasing an additional 177,121 shares during the quarter. GAMMA Investing LLC owned about 0.14% of FMC worth $7,556,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. WP Advisors LLC lifted its position in FMC by 3.3% during the 4th quarter. WP Advisors LLC now owns 6,193 shares of the basic materials company’s stock worth $301,000 after acquiring an additional 200 shares in the last quarter. International Private Wealth Advisors LLC lifted its position in FMC by 3.8% during the 4th quarter. International Private Wealth Advisors LLC now owns 5,604 shares of the basic materials company’s stock worth $272,000 after acquiring an additional 205 shares in the last quarter. Principal Securities Inc. lifted its position in FMC by 34.7% during the 4th quarter. Principal Securities Inc. now owns 990 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 255 shares in the last quarter. Arizona State Retirement System lifted its position in FMC by 0.8% during the 4th quarter. Arizona State Retirement System now owns 36,226 shares of the basic materials company’s stock worth $1,761,000 after acquiring an additional 285 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its position in FMC by 0.5% during the 4th quarter. Janus Henderson Group PLC now owns 59,771 shares of the basic materials company’s stock worth $2,905,000 after acquiring an additional 286 shares in the last quarter. Hedge funds and other institutional investors own 91.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on FMC shares. Mizuho raised FMC from a “neutral” rating to an “outperform” rating and set a $49.00 price target on the stock in a research report on Friday, April 25th. The Goldman Sachs Group began coverage on FMC in a research report on Thursday, March 13th. They set a “buy” rating and a $51.00 price target on the stock. Wall Street Zen lowered FMC from a “hold” rating to a “sell” rating in a research report on Saturday, May 24th. Wells Fargo & Company cut their target price on FMC from $43.00 to $41.00 and set an “equal weight” rating on the stock in a research report on Monday, April 21st. Finally, KeyCorp upped their target price on FMC from $49.00 to $53.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. Two analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, FMC presently has a consensus rating of “Hold” and a consensus target price of $49.46.

FMC Stock Performance

FMC stock opened at $42.80 on Monday. The company has a current ratio of 1.64, a quick ratio of 1.24 and a debt-to-equity ratio of 0.67. The firm has a market cap of $5.35 billion, a P/E ratio of 15.74, a P/E/G ratio of 1.90 and a beta of 0.76. FMC Co. has a 12-month low of $32.83 and a 12-month high of $68.55. The stock’s 50 day simple moving average is $38.59 and its 200 day simple moving average is $44.41.

FMC (NYSE:FMC) last posted its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $0.18 earnings per share (EPS) for the quarter, beating 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%. The business’s revenue was down 13.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.36 EPS. As a group, equities research analysts predict that FMC Co. will post 3.48 EPS for the current year.

FMC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, June 30th will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.32 dividend on an annualized basis and a yield of 5.42%. FMC’s payout ratio is currently 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.