Pacer Advisors Inc. boosted its position in FMC Co. (NYSE:FMC – Get Rating) by 1,743.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,738 shares of the basic materials company’s stock after buying an additional 4,481 shares during the quarter. Pacer Advisors Inc.’s holdings in FMC were worth $591,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in FMC by 0.7% in the third quarter. Vanguard Group Inc. now owns 14,253,322 shares of the basic materials company’s stock valued at $1,506,576,000 after buying an additional 99,473 shares during the last quarter. BlackRock Inc. grew its holdings in shares of FMC by 1.8% during the third quarter. BlackRock Inc. now owns 11,561,614 shares of the basic materials company’s stock valued at $1,222,062,000 after purchasing an additional 209,813 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of FMC by 14.3% during the third quarter. Price T Rowe Associates Inc. MD now owns 3,085,382 shares of the basic materials company’s stock valued at $326,126,000 after purchasing an additional 386,465 shares during the last quarter. Invesco Ltd. grew its holdings in shares of FMC by 41.5% during the first quarter. Invesco Ltd. now owns 1,581,629 shares of the basic materials company’s stock valued at $208,094,000 after purchasing an additional 463,542 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of FMC by 10.0% during the third quarter. Bank of New York Mellon Corp now owns 1,471,168 shares of the basic materials company’s stock valued at $155,502,000 after purchasing an additional 133,207 shares during the last quarter. 88.28% of the stock is owned by institutional investors.
FMC Stock Performance
FMC opened at $113.99 on Thursday. The firm has a market cap of $14.26 billion, a PE ratio of 19.59, a P/E/G ratio of 1.53 and a beta of 0.82. The company has a quick ratio of 1.00, a current ratio of 1.43 and a debt-to-equity ratio of 0.80. The business has a fifty day simple moving average of $122.03 and a 200-day simple moving average of $124.72. FMC Co. has a fifty-two week low of $98.24 and a fifty-two week high of $134.38.
FMC Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 20th. Stockholders of record on Friday, June 30th will be given a $0.58 dividend. The ex-dividend date of this dividend is Thursday, June 29th. This represents a $2.32 annualized dividend and a dividend yield of 2.04%. FMC’s dividend payout ratio (DPR) is presently 39.86%.
Insider Transactions at FMC
In other news, insider Nicholas Pfeiffer sold 4,421 shares of the firm’s stock in a transaction on Monday, February 27th. The stock was sold at an average price of $129.70, for a total value of $573,403.70. Following the completion of the sale, the insider now owns 12,064 shares of the company’s stock, valued at $1,564,700.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Nicholas Pfeiffer sold 4,421 shares of the firm’s stock in a transaction on Monday, February 27th. The stock was sold at an average price of $129.70, for a total value of $573,403.70. Following the completion of the sale, the insider now owns 12,064 shares of the company’s stock, valued at $1,564,700.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Ronaldo Pereira sold 1,955 shares of the firm’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $129.29, for a total value of $252,761.95. Following the completion of the sale, the executive vice president now directly owns 19,478 shares of the company’s stock, valued at approximately $2,518,310.62. The disclosure for this sale can be found here. Insiders sold a total of 11,376 shares of company stock valued at $1,465,016 over the last quarter. Company insiders own 0.85% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on the company. Redburn Partners raised FMC from a “neutral” rating to a “buy” rating and set a $155.00 target price for the company in a report on Friday, March 17th. Morgan Stanley raised FMC from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $125.00 to $145.00 in a report on Tuesday, January 10th. Credit Suisse Group increased their price objective on FMC from $112.00 to $120.00 and gave the stock an “underperform” rating in a report on Wednesday, February 8th. Mizuho decreased their price objective on FMC from $150.00 to $147.00 in a report on Wednesday. Finally, The Goldman Sachs Group increased their price objective on FMC from $155.00 to $159.00 and gave the stock a “buy” rating in a report on Tuesday, February 14th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $143.69.
About FMC
FMC Corp. is an agricultural sciences company, which engages in the provision of solutions to growers and development of pipeline in crop protection, plant health, precision agriculture, and professional pest, and turf management. It offers insect control products under the Rynaxypyr and Cyazypyr brands, herbicides under the Authority, Boral, Centium, Command, and Gamit brands, insecticides under the Talstar and Hero brands, flutriafol-based fungicides, and bionematicides under the Quartzo and Presence brands.
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