Teachers Retirement System of The State of Kentucky Acquires 14,616 Shares of FMC Co. (NYSE:FMC)

Teachers Retirement System of The State of Kentucky increased its holdings in shares of FMC Co. (NYSE:FMC) by 129.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,948 shares of the basic materials company’s stock after acquiring an additional 14,616 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in FMC were worth $1,636,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Speece Thorson Capital Group Inc. increased its position in FMC by 28.8% during the fourth quarter. Speece Thorson Capital Group Inc. now owns 234,614 shares of the basic materials company’s stock worth $14,792,000 after acquiring an additional 52,439 shares during the period. V Square Quantitative Management LLC grew its stake in FMC by 252.2% during the fourth quarter. V Square Quantitative Management LLC now owns 10,372 shares of the basic materials company’s stock worth $654,000 after buying an additional 7,427 shares in the last quarter. Redwood Investment Management LLC acquired a new stake in FMC during the fourth quarter worth about $2,251,000. Invenomic Capital Management LP acquired a new stake in FMC during the fourth quarter worth about $18,815,000. Finally, Humankind Investments LLC grew its stake in FMC by 65.5% during the fourth quarter. Humankind Investments LLC now owns 21,187 shares of the basic materials company’s stock worth $1,336,000 after buying an additional 8,382 shares in the last quarter. 91.86% of the stock is owned by institutional investors.

FMC Stock Up 3.7 %

NYSE:FMC opened at $56.39 on Friday. The firm’s 50 day simple moving average is $59.86 and its 200 day simple moving average is $59.24. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.46 and a quick ratio of 1.02. FMC Co. has a one year low of $49.49 and a one year high of $108.68. The company has a market cap of $7.04 billion, a PE ratio of 6.29, a P/E/G ratio of 1.13 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 (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. FMC had a net margin of 27.65% and a return on equity of 7.68%. The firm had revenue of $918.00 million during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the business earned $1.77 EPS. The company’s revenue was down 31.7% compared to the same quarter last year. On average, research analysts anticipate that FMC Co. will post 3.6 earnings per share for the current year.

FMC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.32 annualized dividend and a yield of 4.11%. FMC’s payout ratio is 25.89%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. KeyCorp increased their price objective on shares of FMC from $79.00 to $81.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 8th. Mizuho increased their price objective on shares of FMC from $55.00 to $57.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 7th. Loop Capital raised their price target on shares of FMC from $55.00 to $65.00 and gave the company a “hold” rating in a research note on Tuesday, March 19th. JPMorgan Chase & Co. reduced their price target on shares of FMC from $53.00 to $50.00 and set a “neutral” rating on the stock in a research note on Monday, May 13th. Finally, Wolfe Research started coverage on shares of FMC in a research note on Friday, March 1st. They issued a “peer perform” rating on the stock. One analyst has rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, FMC currently has a consensus rating of “Hold” and an average target price of $70.56.

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.