International Assets Investment Management LLC Acquires Shares of 90,477 FMC Co. (NYSE:FMC)

International Assets Investment Management LLC acquired a new stake in shares of FMC Co. (NYSE:FMC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 90,477 shares of the basic materials company’s stock, valued at approximately $5,705,000. International Assets Investment Management LLC owned 0.07% of FMC as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wellington Management Group LLP grew its holdings in shares of FMC by 17.7% during the 3rd quarter. Wellington Management Group LLP now owns 10,881,670 shares of the basic materials company’s stock worth $728,745,000 after purchasing an additional 1,634,535 shares in the last quarter. Qube Research & Technologies Ltd boosted its stake in shares of FMC by 175.2% in the 3rd quarter. Qube Research & Technologies Ltd now owns 835,871 shares of the basic materials company’s stock worth $55,978,000 after buying an additional 532,158 shares during the last quarter. Invesco Ltd. raised its position in FMC by 37.9% in the third quarter. Invesco Ltd. now owns 1,764,469 shares of the basic materials company’s stock worth $118,166,000 after acquiring an additional 484,500 shares during the period. Tweedy Browne Co LLC increased its stake in shares of FMC by 43.2% in the third quarter. Tweedy Browne Co LLC now owns 1,443,804 shares of the basic materials company’s stock worth $96,692,000 after purchasing an additional 435,404 shares in the last quarter. Finally, William Blair Investment Management LLC purchased a new stake in shares of FMC in the third quarter worth about $17,990,000. Institutional investors and hedge funds own 91.86% of the company’s stock.

FMC Stock Up 9.5 %

Shares of FMC stock opened at $66.78 on Wednesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.52 and a quick ratio of 1.01. FMC Co. has a 1-year low of $49.49 and a 1-year high of $114.66. The business has a 50-day moving average of $60.43 and a 200-day moving average of $57.79. The company has a market capitalization of $8.34 billion, a PE ratio of 6.34, a P/E/G ratio of 1.99 and a beta of 0.88.

FMC (NYSE:FMC) last released its quarterly earnings results on Monday, May 6th. The basic materials company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The business had revenue of $918.00 million during the quarter, compared to the consensus estimate of $1.01 billion. FMC had a net margin of 29.45% and a return on equity of 12.98%. During the same quarter last year, the company earned $1.77 earnings per share. The business’s quarterly revenue was down 31.7% compared to the same quarter last year. As a group, equities analysts forecast that FMC Co. will post 3.88 EPS for the current fiscal year.

FMC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 3.47%. The ex-dividend date of this dividend is Friday, June 28th. FMC’s payout ratio is currently 22.03%.

Insiders Place Their Bets

In other news, CFO Andrew D. Sandifer purchased 2,150 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were acquired at an average cost of $59.22 per share, with a total value of $127,323.00. Following the transaction, the chief financial officer now owns 50,088 shares in the company, valued at approximately $2,966,211.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.81% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on FMC shares. Wolfe Research initiated coverage on shares of FMC in a research report on Friday, March 1st. They set a “peer perform” rating on the stock. UBS Group upgraded shares of FMC from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $61.00 to $84.00 in a research report on Wednesday, March 20th. Royal Bank of Canada cut their price objective on shares of FMC from $61.00 to $59.00 and set an “outperform” rating on the stock in a research report on Thursday, February 8th. BMO Capital Markets lowered their price objective on shares of FMC from $63.00 to $61.00 and set a “market perform” rating for the company in a research note on Wednesday, February 7th. Finally, Mizuho upped their price objective on shares of FMC from $55.00 to $57.00 and gave the company a “neutral” rating in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $71.88.

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.