7,660 Shares in FMC Corp (NYSE:FMC) Purchased by Zebra Capital Management LLC

Zebra Capital Management LLC acquired a new position in FMC Corp (NYSE:FMC) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 7,660 shares of the basic materials company’s stock, valued at approximately $635,000.

Several other institutional investors have also added to or reduced their stakes in FMC. Marshall Wace North America L.P. raised its stake in FMC by 35.2% in the 2nd quarter. Marshall Wace North America L.P. now owns 248,582 shares of the basic materials company’s stock valued at $20,620,000 after purchasing an additional 64,721 shares during the last quarter. Petrus Trust Company LTA raised its stake in FMC by 12.7% in the 2nd quarter. Petrus Trust Company LTA now owns 200,000 shares of the basic materials company’s stock valued at $16,590,000 after purchasing an additional 22,500 shares during the last quarter. Balyasny Asset Management LLC raised its stake in FMC by 59.1% in the 2nd quarter. Balyasny Asset Management LLC now owns 14,860 shares of the basic materials company’s stock valued at $1,233,000 after purchasing an additional 5,519 shares during the last quarter. Silvercrest Asset Management Group LLC raised its stake in FMC by 42.4% in the 2nd quarter. Silvercrest Asset Management Group LLC now owns 562,327 shares of the basic materials company’s stock valued at $46,645,000 after purchasing an additional 167,455 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in FMC by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 14,752,857 shares of the basic materials company’s stock valued at $1,223,749,000 after purchasing an additional 146,378 shares during the last quarter. Institutional investors and hedge funds own 89.09% of the company’s stock.

Shares of NYSE FMC traded up $0.10 on Wednesday, reaching $90.76. 563,600 shares of the company traded hands, compared to its average volume of 711,882. FMC Corp has a fifty-two week low of $69.36 and a fifty-two week high of $92.76. The company has a 50 day moving average of $86.30 and a 200 day moving average of $81.23. The company has a current ratio of 1.27, a quick ratio of 0.91 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $11.88 billion, a PE ratio of 14.43, a P/E/G ratio of 1.52 and a beta of 1.50.



FMC (NYSE:FMC) last posted its quarterly earnings data on Tuesday, July 30th. The basic materials company reported $1.66 EPS for the quarter, beating the Zacks’ consensus estimate of $1.63 by $0.03. FMC had a net margin of 10.65% and a return on equity of 27.33%. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the prior year, the company posted $1.78 EPS. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. As a group, research analysts expect that FMC Corp will post 5.8 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date is Friday, September 27th. FMC’s dividend payout ratio is currently 25.44%.

In other news, CEO Pierre R. Brondeau sold 196,466 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $88.90, for a total transaction of $17,465,827.40. Following the completion of the sale, the chief executive officer now owns 368,778 shares in the company, valued at approximately $32,784,364.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Mark Douglas sold 22,390 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $89.83, for a total value of $2,011,293.70. Following the sale, the chief operating officer now owns 60,584 shares of the company’s stock, valued at approximately $5,442,260.72. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

Several research analysts recently weighed in on the stock. Citigroup reissued a “buy” rating and issued a $93.00 target price (up previously from $91.00) on shares of FMC in a research note on Thursday, June 13th. Nomura boosted their target price on shares of FMC from $93.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Zacks Investment Research raised shares of FMC from a “hold” rating to a “buy” rating and set a $77.00 target price for the company in a research note on Monday, June 3rd. Goldman Sachs Group downgraded shares of FMC from a “buy” rating to a “neutral” rating in a research note on Friday, August 2nd. Finally, Royal Bank of Canada raised shares of FMC from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $87.00 to $103.00 in a research note on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $97.93.

FMC Company Profile

FMC Corporation, a diversified chemical company, provides solutions, applications, and products for the agricultural, consumer, and industrial markets worldwide. The company operates in two segments, FMC Agricultural Solutions and FMC Lithium. The FMC Agricultural Solutions segment develops, manufactures, markets, and sells crop protection chemicals, including insecticides, herbicides, and fungicides that 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.

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Institutional Ownership by Quarter for FMC (NYSE:FMC)

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