UniSuper Management Pty Ltd Purchases 13,778 Shares of FMC Co. (NYSE:FMC)

UniSuper Management Pty Ltd raised its position in FMC Co. (NYSE:FMC) by 659.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,866 shares of the basic materials company’s stock after purchasing an additional 13,778 shares during the period. UniSuper Management Pty Ltd’s holdings in FMC were worth $1,011,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Riverview Trust Co bought a new position in FMC during the first quarter worth about $27,000. Financial Connections Group Inc. acquired a new position in FMC in the 4th quarter worth $31,000. CVA Family Office LLC acquired a new stake in shares of FMC in the 4th quarter valued at about $31,000. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of FMC by 114.3% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 568 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 303 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of FMC by 827.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 686 shares of the basic materials company’s stock worth $43,000 after buying an additional 612 shares in the last quarter. 91.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

FMC has been the subject of a number of recent research reports. KeyCorp upped their price target on FMC from $79.00 to $81.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 8th. Wells Fargo & Company decreased their target price on shares of FMC from $68.00 to $62.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 16th. Royal Bank of Canada lifted their target price on FMC from $65.00 to $81.00 and gave the company an “outperform” rating in a research report on Friday, May 10th. JPMorgan Chase & Co. reduced their target price on FMC from $53.00 to $50.00 and set a “neutral” rating for the company in a research note on Monday, May 13th. Finally, Redburn Atlantic upgraded shares of FMC from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $69.71.

FMC Price Performance

Shares of NYSE:FMC traded up $0.18 during trading on Thursday, hitting $57.13. 81,273 shares of the company were exchanged, compared to its average volume of 1,935,236. FMC Co. has a 1-year low of $49.49 and a 1-year high of $96.81. The company has a market capitalization of $7.13 billion, a P/E ratio of 6.36, a price-to-earnings-growth ratio of 1.33 and a beta of 0.84. The company has a quick ratio of 1.02, a current ratio of 1.46 and a debt-to-equity ratio of 0.70. The business’s 50 day moving average is $58.16 and its 200-day moving average is $58.73.

FMC (NYSE:FMC) last posted its earnings results on Monday, May 6th. The basic materials company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.35 by $0.01. The firm had revenue of $918.00 million during the quarter, compared to the consensus estimate of $1.01 billion. FMC had a return on equity of 7.68% and a net margin of 27.65%. The business’s quarterly revenue was down 31.7% on a year-over-year basis. During the same period last year, the company earned $1.77 earnings per share. Equities analysts forecast that FMC Co. will post 3.51 earnings per share for the current year.

FMC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Monday, September 30th will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 4.06%. The ex-dividend date of this dividend is Monday, September 30th. FMC’s dividend payout ratio (DPR) is currently 25.89%.

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.