nVerses Capital LLC Acquires New Shares in FMC Co. (NYSE:FMC)

nVerses Capital LLC bought a new position in FMC Co. (NYSE:FMC) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 6,500 shares of the basic materials company’s stock, valued at approximately $374,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Riverview Trust Co acquired a new position in shares of FMC in the first quarter valued at approximately $27,000. Benjamin F. Edwards & Company Inc. increased its position in FMC by 114.3% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 568 shares of the basic materials company’s stock valued at $36,000 after acquiring an additional 303 shares during the period. LRI Investments LLC bought a new position in shares of FMC during the first quarter valued at $39,000. UMB Bank n.a. lifted its holdings in shares of FMC by 56.9% during the second quarter. UMB Bank n.a. now owns 678 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 246 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in shares of FMC by 827.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 686 shares of the basic materials company’s stock worth $43,000 after purchasing an additional 612 shares during the last quarter. Institutional investors and hedge funds own 91.86% of the company’s stock.

FMC Stock Performance

FMC stock traded down $0.82 during midday trading on Friday, reaching $64.58. The stock had a trading volume of 979,671 shares, compared to its average volume of 1,117,198. The company has a quick ratio of 1.07, a current ratio of 1.48 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $8.06 billion, a PE ratio of 7.21, a P/E/G ratio of 1.60 and a beta of 0.84. FMC Co. has a 12 month low of $49.49 and a 12 month high of $88.83. The firm’s 50-day moving average price is $59.92 and its 200 day moving average price is $59.73.

FMC (NYSE:FMC) last announced its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.08. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the business earned $0.50 earnings per share. As a group, research analysts predict that FMC Co. will post 3.41 earnings per share for the current fiscal year.

FMC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.58 per share. The ex-dividend date is Monday, September 30th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.59%. FMC’s dividend payout ratio (DPR) is currently 25.89%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. raised their target price on FMC from $50.00 to $59.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. StockNews.com upgraded FMC from a “sell” rating to a “hold” rating in a report on Wednesday, May 8th. BMO Capital Markets increased their target price on shares of FMC from $60.00 to $65.00 and gave the company a “market perform” rating in a research report on Friday, August 2nd. Royal Bank of Canada boosted their price target on shares of FMC from $65.00 to $81.00 and gave the stock an “outperform” rating in a research report on Friday, May 10th. Finally, Barclays increased their price objective on shares of FMC from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Monday, August 5th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $68.63.

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.