FMC Co. (NYSE:FMC) Stock Holdings Increased by AQR Capital Management LLC

AQR Capital Management LLC lifted its holdings in FMC Co. (NYSE:FMC) by 317.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,099,389 shares of the basic materials company’s stock after purchasing an additional 836,179 shares during the quarter. AQR Capital Management LLC owned 0.88% of FMC worth $63,160,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Norden Group LLC bought a new position in FMC in the 1st quarter valued at about $4,700,000. Leeward Investments LLC MA boosted its holdings in shares of FMC by 62.8% in the first quarter. Leeward Investments LLC MA now owns 193,156 shares of the basic materials company’s stock valued at $12,304,000 after acquiring an additional 74,529 shares in the last quarter. Invenomic Capital Management LP acquired a new position in shares of FMC during the fourth quarter valued at approximately $18,815,000. SG Americas Securities LLC raised its holdings in FMC by 396.9% during the first quarter. SG Americas Securities LLC now owns 70,268 shares of the basic materials company’s stock worth $4,476,000 after purchasing an additional 56,128 shares in the last quarter. Finally, Royal London Asset Management Ltd. lifted its position in FMC by 2.2% in the fourth quarter. Royal London Asset Management Ltd. now owns 49,181 shares of the basic materials company’s stock worth $3,101,000 after purchasing an additional 1,082 shares during the period. Institutional investors own 91.86% of the company’s stock.

FMC Stock Performance

Shares of FMC stock opened at $66.09 on Friday. The company has a market capitalization of $8.25 billion, a price-to-earnings ratio of 7.38, a P/E/G ratio of 1.57 and a beta of 0.85. FMC Co. has a 1-year low of $49.49 and a 1-year high of $68.72. The company has a current ratio of 1.48, a quick ratio of 1.07 and a debt-to-equity ratio of 0.66. The stock’s fifty day simple moving average is $62.37 and its 200-day simple moving average is $60.77.

FMC (NYSE:FMC) last issued its earnings results on Wednesday, July 31st. The basic materials company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.08. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. FMC had a return on equity of 7.52% and a net margin of 33.97%. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.50 EPS. On average, sell-side analysts predict that FMC Co. will post 3.41 earnings per share for the current fiscal year.

FMC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 3.51%. The ex-dividend date is Monday, September 30th. FMC’s dividend payout ratio is currently 25.89%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on FMC shares. BMO Capital Markets boosted their price objective on FMC from $60.00 to $65.00 and gave the stock a “market perform” rating in a research note on Friday, August 2nd. KeyCorp cut their price target on shares of FMC from $81.00 to $79.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. JPMorgan Chase & Co. lifted their price objective on shares of FMC from $50.00 to $59.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Barclays increased their target price on shares of FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. 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 equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $68.47.

FMC Company 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.