GAMMA Investing LLC Boosts Stock Holdings in FMC Co. (NYSE:FMC)

GAMMA Investing LLC boosted its holdings in FMC Co. (NYSE:FMC) by 115.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,976 shares of the basic materials company’s stock after buying an additional 1,057 shares during the quarter. GAMMA Investing LLC’s holdings in FMC were worth $96,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of FMC. Millburn Ridgefield Corp boosted its stake in FMC by 186.2% in the third quarter. Millburn Ridgefield Corp now owns 498 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 324 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in FMC by 90.8% in the third quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 246 shares in the last quarter. Mather Group LLC. boosted its stake in FMC by 250.6% in the third quarter. Mather Group LLC. now owns 554 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 396 shares in the last quarter. Peterson Financial Group Inc. acquired a new position in FMC in the third quarter valued at $51,000. Finally, Brooklyn Investment Group acquired a new position in FMC in the third quarter valued at $52,000. Hedge funds and other institutional investors own 91.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Mizuho decreased their price objective on shares of FMC from $70.00 to $55.00 and set a “neutral” rating for the company in a research note on Tuesday. KeyCorp decreased their target price on shares of FMC from $79.00 to $69.00 and set an “overweight” rating for the company in a research note on Thursday, January 2nd. UBS Group reduced their price objective on shares of FMC from $75.00 to $66.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Royal Bank of Canada raised their price objective on shares of FMC from $78.00 to $81.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Citigroup reduced their price objective on shares of FMC from $70.00 to $55.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $62.92.

Insider Transactions at FMC

In related news, VP Jacqueline Scanlan sold 4,529 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $59.67, for a total transaction of $270,245.43. Following the sale, the vice president now owns 28,649 shares in the company, valued at approximately $1,709,485.83. This trade represents a 13.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.85% of the company’s stock.

FMC Trading Down 1.5 %

Shares of FMC stock opened at $49.55 on Friday. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.65. The company has a 50-day moving average of $55.01 and a two-hundred day moving average of $59.15. FMC Co. has a 12-month low of $47.71 and a 12-month high of $68.72. The stock has a market cap of $6.19 billion, a PE ratio of 4.26, a price-to-earnings-growth ratio of 1.41 and a beta of 0.83.

FMC (NYSE:FMC) last issued its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.20. FMC had a net margin of 34.93% and a return on equity of 7.68%. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the company posted $0.44 EPS. The company’s revenue was up 8.5% on a year-over-year basis. On average, research analysts anticipate that FMC Co. will post 3.35 EPS for the current fiscal year.

FMC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.68%. FMC’s dividend payout ratio (DPR) is 19.97%.

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.