FMC Co. (NYSE:FMC) Shares Purchased by Yousif Capital Management LLC

Yousif Capital Management LLC boosted its holdings in FMC Co. (NYSE:FMC) by 170.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 49,478 shares of the basic materials company’s stock after buying an additional 31,164 shares during the quarter. Yousif Capital Management LLC’s holdings in FMC were worth $2,087,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its position in FMC by 217.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company’s stock worth $36,000 after buying an additional 511 shares during the last quarter. Resona Asset Management Co. Ltd. acquired a new position in FMC in the fourth quarter worth approximately $37,000. IFP Advisors Inc grew its position in FMC by 65.3% in the fourth quarter. IFP Advisors Inc now owns 959 shares of the basic materials company’s stock worth $47,000 after buying an additional 379 shares during the last quarter. Principal Securities Inc. boosted its stake in FMC by 34.7% in the 4th 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. Finally, Canada Post Corp Registered Pension Plan acquired a new position in FMC in the 4th quarter worth approximately $62,000. Institutional investors and hedge funds own 91.86% of the company’s stock.

FMC Price Performance

NYSE FMC opened at $41.44 on Monday. FMC Co. has a fifty-two week low of $32.83 and a fifty-two week high of $68.55. The stock’s 50-day moving average is $39.21 and its two-hundred day moving average is $43.84. 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 $5.18 billion, a P/E ratio of 15.24, a price-to-earnings-growth ratio of 1.90 and a beta of 0.76.

FMC (NYSE:FMC) last posted its earnings results on Wednesday, April 30th. The basic materials company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.10. FMC had a return on equity of 9.67% and a net margin of 8.03%. The company had revenue of $791.40 million for the quarter, compared to analyst estimates of $783.70 million. During the same period last year, the company earned $0.36 earnings per share. The business’s revenue was down 13.8% compared to the same quarter last year. On average, 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, July 17th. Shareholders 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 annualized dividend and a yield of 5.60%. FMC’s dividend payout ratio (DPR) is currently 88.55%.

Wall Street Analyst Weigh In

Several analysts have recently commented on FMC shares. KeyCorp raised their target price on FMC from $49.00 to $53.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. The Goldman Sachs Group started coverage on FMC in a research report on Thursday, March 13th. They issued a “buy” rating and a $51.00 target price for the company. UBS Group raised their target price on FMC from $38.00 to $41.00 and gave the stock a “neutral” rating in a research report on Thursday, May 1st. Wall Street Zen raised FMC from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Mizuho raised FMC from a “neutral” rating to an “outperform” rating and set a $49.00 target price for the company in a research report on Friday, April 25th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $49.46.

About FMC

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.