Quantinno Capital Management LP Grows Position in FMC Co. (NYSE:FMC)

Quantinno Capital Management LP raised its position in FMC Co. (NYSE:FMC) by 43.3% during the third quarter, HoldingsChannel.com reports. The firm owned 8,114 shares of the basic materials company’s stock after purchasing an additional 2,450 shares during the period. Quantinno Capital Management LP’s holdings in FMC were worth $535,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of FMC. AQR Capital Management LLC boosted its stake in shares of FMC by 317.7% during the second quarter. AQR Capital Management LLC now owns 1,099,389 shares of the basic materials company’s stock valued at $63,160,000 after purchasing an additional 836,179 shares during the period. Pzena Investment Management LLC bought a new position in FMC in the 2nd quarter worth about $33,191,000. Ilex Capital Partners UK LLP increased its position in shares of FMC by 2,129.4% during the third quarter. Ilex Capital Partners UK LLP now owns 440,353 shares of the basic materials company’s stock worth $29,037,000 after acquiring an additional 420,601 shares during the period. Van ECK Associates Corp raised its stake in shares of FMC by 116.8% during the second quarter. Van ECK Associates Corp now owns 555,095 shares of the basic materials company’s stock valued at $31,946,000 after acquiring an additional 299,097 shares in the last quarter. Finally, Mizuho Securities USA LLC boosted its holdings in shares of FMC by 2,531.3% in the third quarter. Mizuho Securities USA LLC now owns 253,179 shares of the basic materials company’s stock valued at $16,695,000 after purchasing an additional 243,557 shares during the period. Hedge funds and other institutional investors own 91.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on FMC shares. Citigroup started coverage on FMC in a report on Wednesday, October 23rd. They set a “neutral” rating and a $67.00 price objective on the stock. Royal Bank of Canada lifted their price objective on FMC from $78.00 to $81.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Mizuho increased their target price on shares of FMC from $64.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $68.00.

Insider Activity at FMC

In other FMC news, VP Jacqueline Scanlan sold 4,529 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $59.67, for a total value 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 represents a 13.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.85% of the stock is currently owned by insiders.

FMC Stock Down 1.8 %

Shares of FMC stock opened at $53.50 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.48 and a quick ratio of 1.09. The company has a market cap of $6.68 billion, a price-to-earnings ratio of 4.60, a price-to-earnings-growth ratio of 1.48 and a beta of 0.80. The stock’s fifty day moving average price is $59.83 and its 200 day moving average price is $60.17. FMC Co. has a 1-year low of $50.03 and a 1-year high of $68.72.

FMC (NYSE:FMC) last posted its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $0.69 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $1.04 billion. During the same period in the previous year, the firm posted $0.44 earnings per share. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. On average, research analysts expect that FMC Co. will post 3.35 earnings per share for the current fiscal year.

FMC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.58 per share. The ex-dividend date is Tuesday, December 31st. This represents a $2.32 annualized dividend and a dividend yield of 4.34%. FMC’s dividend payout ratio (DPR) is presently 19.97%.

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.