Versor Investments LP Boosts Stock Position in FMC Co. (NYSE:FMC)

Versor Investments LP boosted its holdings in shares of FMC Co. (NYSE:FMC) by 108.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,809 shares of the basic materials company’s stock after acquiring an additional 7,709 shares during the quarter. Versor Investments LP’s holdings in FMC were worth $720,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Proficio Capital Partners LLC purchased a new position in FMC during the 4th quarter valued at $1,505,000. Convergence Financial LLC lifted its holdings in shares of FMC by 18.2% in the 4th quarter. Convergence Financial LLC now owns 11,599 shares of the basic materials company’s stock worth $564,000 after buying an additional 1,786 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of FMC by 48.9% in the 4th quarter. Bank of New York Mellon Corp now owns 2,088,235 shares of the basic materials company’s stock worth $101,509,000 after buying an additional 685,995 shares during the period. Skylands Capital LLC lifted its holdings in shares of FMC by 33.7% in the 4th quarter. Skylands Capital LLC now owns 340,775 shares of the basic materials company’s stock worth $16,565,000 after buying an additional 85,950 shares during the period. Finally, IFP Advisors Inc lifted its holdings in shares of FMC by 65.3% in the 4th 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 period. Hedge funds and other institutional investors own 91.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Citigroup upped their target price on FMC from $55.00 to $61.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. StockNews.com cut FMC from a “buy” rating to a “hold” rating in a research note on Saturday, February 22nd. Bank of America restated an “underperform” rating and set a $48.00 price objective (down from $61.00) on shares of FMC in a research note on Wednesday, February 5th. Barclays decreased their price objective on FMC from $65.00 to $48.00 and set an “overweight” rating for the company in a research note on Friday, February 7th. Finally, Morgan Stanley decreased their price objective 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. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $52.23.

Insider Buying and Selling

In related news, EVP Michael Finian Reilly sold 2,958 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $55.25, for a total transaction of $163,429.50. Following the sale, the executive vice president now directly owns 25,468 shares of the company’s stock, valued at $1,407,107. This trade represents a 10.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.81% of the stock is owned by corporate insiders.

FMC Stock Down 2.2 %

Shares of FMC stock opened at $36.87 on Friday. The stock’s 50-day simple moving average is $46.73 and its 200-day simple moving average is $55.99. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.24 and a current ratio of 1.64. The firm has a market capitalization of $4.60 billion, a PE ratio of 13.55, a P/E/G ratio of 1.90 and a beta of 0.84. FMC Co. has a fifty-two week low of $33.80 and a fifty-two week high of $68.72.

FMC (NYSE:FMC) last announced its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.14. FMC had a return on equity of 9.67% and a net margin of 8.03%. Equities analysts expect that FMC Co. will post 3.48 earnings per share for the current year.

FMC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 6.29%. FMC’s dividend payout ratio (DPR) is 85.29%.

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.