FMC Co. (NYSE:FMC) Shares Bought by WCM Investment Management LLC

WCM Investment Management LLC lifted its position in shares of FMC Co. (NYSE:FMC) by 2.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,210 shares of the basic materials company’s stock after purchasing an additional 358 shares during the quarter. WCM Investment Management LLC’s holdings in FMC were worth $785,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp grew its position in FMC by 27.3% during the third quarter. State Street Corp now owns 6,271,760 shares of the basic materials company’s stock valued at $417,151,000 after buying an additional 1,343,615 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of FMC by 1.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,136,344 shares of the basic materials company’s stock worth $74,931,000 after acquiring an additional 20,350 shares in the last quarter. New South Capital Management Inc. increased its stake in shares of FMC by 1.5% in the 3rd quarter. New South Capital Management Inc. now owns 665,979 shares of the basic materials company’s stock valued at $43,915,000 after purchasing an additional 9,834 shares in the last quarter. Ilex Capital Partners UK LLP raised its holdings in FMC by 2,129.4% in the 3rd quarter. Ilex Capital Partners UK LLP now owns 440,353 shares of the basic materials company’s stock worth $29,037,000 after purchasing an additional 420,601 shares during the period. Finally, S&CO Inc. boosted its position in FMC by 3.6% during the third quarter. S&CO Inc. now owns 350,863 shares of the basic materials company’s stock worth $23,135,000 after purchasing an additional 12,193 shares in the last quarter. 91.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on FMC shares. Barclays cut their price objective on FMC from $65.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday. Citigroup upped their price objective on shares of FMC from $55.00 to $61.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Morgan Stanley decreased their price objective on shares of FMC from $70.00 to $46.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Bank of America reissued an “underperform” rating and set a $48.00 target price (down previously from $61.00) on shares of FMC in a research note on Wednesday, February 5th. Finally, UBS Group lowered shares of FMC from a “buy” rating to a “neutral” rating and decreased their price target for the company from $66.00 to $38.00 in a research note on Friday. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, FMC presently has an average rating of “Hold” and a consensus target price of $54.00.

Insider Activity

In other FMC news, EVP Michael Finian Reilly sold 2,958 shares of FMC stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $55.25, for a total value of $163,429.50. Following the sale, the executive vice president now owns 25,468 shares in the company, valued at $1,407,107. The trade was a 10.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.85% of the company’s stock.

FMC Price Performance

NYSE:FMC opened at $35.13 on Tuesday. FMC Co. has a one year low of $33.80 and a one year high of $68.72. The stock has a market cap of $4.39 billion, a PE ratio of 12.91, a P/E/G ratio of 1.75 and a beta of 0.84. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.09 and a current ratio of 1.64. The stock has a 50 day moving average price of $51.50 and a 200 day moving average price of $58.22.

FMC (NYSE:FMC) last issued its earnings results on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share (EPS) for the quarter, topping 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 research analysts expect that FMC Co. will post 3.53 EPS for the current fiscal year.

FMC Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Tuesday, December 31st were issued a $0.58 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.32 annualized dividend and a yield of 6.60%. FMC’s payout ratio is 85.29%.

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.