Caxton Associates LP Acquires New Holdings in FMC Co. (NYSE:FMC)

Caxton Associates LP bought a new stake in FMC Co. (NYSE:FMC) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,271 shares of the basic materials company’s stock, valued at approximately $362,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in FMC. Norges Bank acquired a new stake in FMC in the 4th quarter valued at approximately $128,533,000. Ceredex Value Advisors LLC acquired a new stake in FMC in the 1st quarter valued at approximately $118,771,000. Ameriprise Financial Inc. grew its holdings in FMC by 36.4% in the 1st quarter. Ameriprise Financial Inc. now owns 3,997,343 shares of the basic materials company’s stock valued at $442,155,000 after buying an additional 1,067,138 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in FMC by 200.6% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 885,629 shares of the basic materials company’s stock valued at $97,959,000 after buying an additional 591,052 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in FMC by 4.7% in the 1st quarter. BlackRock Inc. now owns 10,074,085 shares of the basic materials company’s stock valued at $1,114,294,000 after buying an additional 452,341 shares during the last quarter. 86.48% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have issued reports on the company. reaffirmed a “neutral” rating and issued a $126.00 target price on shares of FMC in a report on Wednesday, May 12th. Vertical Research lowered FMC from a “buy” rating to a “hold” rating and set a $123.00 price objective on the stock. in a report on Thursday, June 24th. Loop Capital lowered FMC from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $128.00 to $122.00 in a report on Tuesday. Wells Fargo & Company lifted their price objective on FMC from $131.00 to $133.00 and gave the stock an “overweight” rating in a report on Thursday, May 13th. Finally, KeyCorp lifted their price objective on FMC from $133.00 to $136.00 and gave the stock an “overweight” rating in a report on Friday, May 7th. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $128.07.

FMC opened at $105.26 on Thursday. FMC Co. has a 52-week low of $98.16 and a 52-week high of $123.66. The company has a market capitalization of $13.57 billion, a price-to-earnings ratio of 26.05, a PEG ratio of 1.31 and a beta of 0.99. The company has a quick ratio of 1.01, a current ratio of 1.38 and a debt-to-equity ratio of 0.87. The stock’s 50-day moving average is $113.20.

FMC (NYSE:FMC) last released its quarterly earnings data on Wednesday, May 5th. The basic materials company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.02. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.17 billion. FMC had a return on equity of 26.00% and a net margin of 11.51%. On average, equities research analysts anticipate that FMC Co. will post 7.15 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 21st. Shareholders of record on Thursday, September 30th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date is Wednesday, September 29th. FMC’s dividend payout ratio is presently 31.02%.

FMC Profile

FMC Corporation, an agricultural sciences company, provides crop protection, plant health, precision agriculture, and professional pest and turf management products. The company develop, markets, and sells crop protection chemicals that include insecticides, herbicides, and fungicides that are used in agriculture to enhance crop yield and quality by controlling a range of insects, weeds, and disease, as well as in non-agricultural markets for pest control.

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Institutional Ownership by Quarter for FMC (NYSE:FMC)

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