Qsemble Capital Management LP Invests $982,000 in FMC Co. (NYSE:FMC)

Qsemble Capital Management LP bought a new position in shares of FMC Co. (NYSE:FMC) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 17,069 shares of the basic materials company’s stock, valued at approximately $982,000.

A number of other large investors have also modified their holdings of the business. American Century Companies Inc. raised its stake in shares of FMC by 4.4% during the 2nd quarter. American Century Companies Inc. now owns 37,829 shares of the basic materials company’s stock worth $2,177,000 after buying an additional 1,589 shares in the last quarter. Hiddenite Capital Partners LP purchased a new position in shares of FMC during the 2nd quarter worth approximately $2,072,000. Royal London Asset Management Ltd. raised its stake in shares of FMC by 66.2% during the 2nd quarter. Royal London Asset Management Ltd. now owns 81,675 shares of the basic materials company’s stock worth $4,700,000 after buying an additional 32,522 shares in the last quarter. New South Capital Management Inc. increased its stake in FMC by 29.3% in the 2nd quarter. New South Capital Management Inc. now owns 656,145 shares of the basic materials company’s stock valued at $37,761,000 after purchasing an additional 148,583 shares in the last quarter. Finally, Chris Bulman Inc purchased a new position in FMC in the 2nd quarter valued at approximately $73,000. 91.86% of the stock is owned by hedge funds and other institutional investors.

FMC Price Performance

FMC stock opened at $62.00 on Friday. FMC Co. has a 52-week low of $49.49 and a 52-week high of $77.18. The stock’s fifty day simple moving average is $60.92 and its 200-day simple moving average is $60.33. 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 stock has a market capitalization of $7.74 billion, a price-to-earnings ratio of 6.92, a price-to-earnings-growth ratio of 1.49 and a beta of 0.85.

FMC (NYSE:FMC) last posted its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.08. FMC had a return on equity of 7.52% and a net margin of 33.97%. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the firm earned $0.50 earnings per share. The business’s revenue was up 2.4% on a year-over-year basis. Equities research analysts expect that FMC Co. will post 3.41 EPS for the current year.

FMC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 3.74%. The ex-dividend date of this dividend is Monday, September 30th. FMC’s dividend payout ratio (DPR) is 25.89%.

Analyst Ratings Changes

FMC has been the subject of several research analyst reports. Barclays raised their price objective 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 objective on FMC from $81.00 to $79.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. JPMorgan Chase & Co. raised their price objective on FMC from $50.00 to $59.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Wells Fargo & Company dropped their price objective on FMC from $68.00 to $62.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 16th. Finally, BMO Capital Markets raised their price objective on FMC from $60.00 to $65.00 and gave the company a “market perform” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $68.63.

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.