Dark Forest Capital Management LP Buys 192 Shares of FMC Co. (NYSE:FMC)

Dark Forest Capital Management LP increased its position in FMC Co. (NYSE:FMC) by 3.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,465 shares of the basic materials company’s stock after acquiring an additional 192 shares during the quarter. Dark Forest Capital Management LP’s holdings in FMC were worth $372,000 at the end of the most recent quarter.

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

FMC Trading Up 0.2 %

FMC opened at $66.08 on Friday. FMC Co. has a one year low of $49.49 and a one year high of $68.72. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.48 and a quick ratio of 1.07. The business has a 50 day simple moving average of $62.37 and a two-hundred day simple moving average of $60.75. The firm has a market capitalization of $8.25 billion, a price-to-earnings ratio of 7.38, a PEG ratio of 1.57 and a beta of 0.85.

FMC (NYSE:FMC) last announced its earnings results on Wednesday, July 31st. The basic materials company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.08. The company had revenue of $1.04 billion during 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 revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.50 earnings per share. Analysts predict that FMC Co. will post 3.41 EPS for the current year.

FMC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be given 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%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on FMC shares. Redburn Atlantic raised shares of FMC from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 19th. 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 report on Monday, August 12th. Barclays increased their target price on FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. KeyCorp dropped their price target on FMC from $81.00 to $79.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Finally, Wells Fargo & Company reduced their price objective on FMC from $68.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 16th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $68.47.

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.