Graham Capital Management L.P. Acquires 21,438 Shares of FMC Co. (NYSE:FMC)

Graham Capital Management L.P. lifted its holdings in shares of FMC Co. (NYSE:FMC) by 400.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,794 shares of the basic materials company’s stock after acquiring an additional 21,438 shares during the quarter. Graham Capital Management L.P.’s holdings in FMC were worth $1,302,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analysts Set New Price Targets

A number of research firms have issued reports on FMC. 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 report on Wednesday, February 5th. Royal Bank of Canada downgraded FMC from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $78.00 to $47.00 in a report on Wednesday, February 5th. KeyCorp increased their price objective on FMC from $49.00 to $53.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. Barclays decreased their price objective on FMC from $65.00 to $48.00 and set an “overweight” rating for the company in a report on Friday, February 7th. Finally, Mizuho upgraded FMC from a “neutral” rating to an “outperform” rating and set a $49.00 price objective for the company in a report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, FMC currently has a consensus rating of “Hold” and an average target price of $49.46.

FMC Price Performance

Shares of NYSE:FMC opened at $38.23 on Tuesday. FMC Co. has a 1-year low of $32.83 and a 1-year high of $68.72. 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 business has a fifty day moving average price of $39.36 and a 200-day moving average price of $47.05. The company has a market capitalization of $4.78 billion, a PE ratio of 14.06, a PEG ratio of 1.90 and a beta of 0.80.

FMC (NYSE:FMC) last issued its quarterly 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 firm had revenue of $791.40 million during the quarter, compared to the consensus estimate of $783.70 million. During the same period last year, the company earned $0.36 earnings per share. The company’s revenue was down 13.8% on a year-over-year basis. As a group, equities analysts expect that FMC Co. will post 3.48 EPS for the current fiscal year.

FMC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Investors 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 dividend yield of 6.07%. FMC’s dividend payout ratio (DPR) is presently 88.55%.

Insider Activity at FMC

In other news, insider Ronaldo Pereira bought 5,600 shares of the company’s stock in a transaction on Tuesday, March 4th. The shares were acquired at an average cost of $35.77 per share, with a total value of $200,312.00. Following the completion of the transaction, the insider now owns 48,837 shares of the company’s stock, valued at approximately $1,746,899.49. This trade represents a 12.95% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Carol Anthony Davidson bought 6,000 shares of the company’s stock in a transaction on Wednesday, March 5th. The stock was purchased at an average cost of $37.33 per share, for a total transaction of $223,980.00. Following the completion of the transaction, the director now directly owns 6,000 shares of the company’s stock, valued at approximately $223,980. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by insiders.

FMC 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.