Ossiam Raises Stake in FMC Co. (NYSE:FMC)

Ossiam grew its holdings in FMC Co. (NYSE:FMC) by 74.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 6,858 shares of the basic materials company’s stock after buying an additional 2,926 shares during the period. Ossiam’s holdings in FMC were worth $333,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Dimensional Fund Advisors LP raised its stake in FMC by 44.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,286,177 shares of the basic materials company’s stock valued at $111,131,000 after acquiring an additional 707,727 shares during the last quarter. First Trust Advisors LP raised its stake in shares of FMC by 3.2% during the fourth quarter. First Trust Advisors LP now owns 704,549 shares of the basic materials company’s stock worth $34,248,000 after purchasing an additional 21,843 shares during the last quarter. Forum Financial Management LP acquired a new stake in shares of FMC during the fourth quarter worth $229,000. GeoWealth Management LLC grew its position in FMC by 49.4% in the 4th quarter. GeoWealth Management LLC now owns 7,299 shares of the basic materials company’s stock valued at $355,000 after buying an additional 2,414 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its stake in FMC by 38.6% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 103,502 shares of the basic materials company’s stock valued at $5,025,000 after buying an additional 28,830 shares during the period. Institutional investors and hedge funds own 91.86% of the company’s stock.

FMC Price Performance

Shares of NYSE FMC opened at $39.39 on Wednesday. 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 stock has a market cap of $4.92 billion, a price-to-earnings ratio of 14.48, a PEG ratio of 1.90 and a beta of 0.83. The company’s 50-day moving average price is $39.06 and its 200 day moving average price is $49.43. FMC Co. has a 52 week low of $32.83 and a 52 week high of $68.72.

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

FMC Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 31st were given a $0.58 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.32 annualized dividend and a dividend yield of 5.89%. FMC’s dividend payout ratio is currently 85.29%.

Insider Buying and Selling

In other news, Director Carol Anthony Davidson bought 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were purchased at an average price of $37.33 per share, for a total transaction of $223,980.00. Following the completion of the transaction, the director now owns 6,000 shares in the company, valued at $223,980. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Michael Finian Reilly sold 2,958 shares of FMC stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $55.25, for a total transaction of $163,429.50. Following the completion of the sale, the executive vice president now directly owns 25,468 shares of the company’s stock, valued at $1,407,107. The trade was a 10.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently commented on FMC shares. KeyCorp reduced their target price on shares of FMC from $51.00 to $49.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. Redburn Atlantic lowered FMC from a “buy” rating to a “neutral” rating and set a $49.00 price objective on the stock. in a report on Friday, February 14th. Barclays cut their target price on FMC from $65.00 to $48.00 and set an “overweight” rating for the company in a research note on Friday, February 7th. Royal Bank of Canada lowered FMC from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $78.00 to $47.00 in a report on Wednesday, February 5th. Finally, StockNews.com downgraded FMC from a “buy” rating to a “hold” rating in a report on Saturday, February 22nd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $48.69.

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.