AXQ Capital LP Buys 18,649 Shares of FMC Co. (NYSE:FMC)

AXQ Capital LP increased its holdings in shares of FMC Co. (NYSE:FMC) by 535.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,132 shares of the basic materials company’s stock after acquiring an additional 18,649 shares during the period. AXQ Capital LP’s holdings in FMC were worth $1,076,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Golden State Wealth Management LLC purchased a new stake in FMC in the fourth quarter worth about $29,000. Millburn Ridgefield Corp grew its holdings in FMC by 186.2% in the third quarter. Millburn Ridgefield Corp now owns 498 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 324 shares during the period. First Horizon Advisors Inc. grew its holdings in FMC by 90.8% in the third quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 246 shares during the period. EverSource Wealth Advisors LLC grew its holdings in FMC by 217.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 511 shares during the period. Finally, IFP Advisors Inc grew its holdings in FMC by 65.3% in the fourth quarter. IFP Advisors Inc now owns 959 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 379 shares during the period. Hedge funds and other institutional investors own 91.86% of the company’s stock.

Insider Activity at FMC

In other FMC news, Director Carol Anthony Davidson acquired 6,000 shares of the company’s stock in a transaction on Wednesday, March 5th. The stock was acquired at an average cost of $37.33 per share, with a total value of $223,980.00. Following the purchase, the director now directly owns 6,000 shares of the company’s stock, valued at approximately $223,980. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Michael Finian Reilly sold 2,958 shares of FMC stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $55.25, for a total transaction of $163,429.50. Following the completion of the transaction, the executive vice president now directly owns 25,468 shares of the company’s stock, valued at $1,407,107. The trade was a 10.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.85% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on FMC shares. Mizuho cut their price target on shares of FMC from $70.00 to $55.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Bank of America reiterated an “underperform” rating and set a $48.00 price target (down previously from $61.00) on shares of FMC in a report on Wednesday, February 5th. UBS Group cut shares of FMC from a “buy” rating to a “neutral” rating and cut their price target for the company from $66.00 to $38.00 in a report on Friday, February 7th. Wells Fargo & Company reiterated a “cautious” rating on shares of FMC in a report on Thursday, March 6th. Finally, Citigroup increased their price objective on shares of FMC from $55.00 to $61.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, FMC currently has an average rating of “Hold” and an average target price of $51.15.

FMC Stock Down 1.5 %

Shares of FMC stock opened at $41.62 on Friday. The company has a market capitalization of $5.20 billion, a price-to-earnings ratio of 15.30, a PEG ratio of 1.90 and a beta of 0.93. FMC Co. has a one year low of $33.80 and a one year high of $68.72. The company’s fifty day moving average price is $44.12 and its 200-day moving average price is $53.57. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.64 and a quick ratio of 1.24.

FMC (NYSE:FMC) last announced its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $1.79 EPS for the quarter, beating the consensus estimate of $1.65 by $0.14. FMC had a net margin of 8.03% and a return on equity of 9.67%. Sell-side analysts expect that FMC Co. will post 3.48 EPS for the current fiscal year.

FMC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be paid a dividend of $0.58 per share. The ex-dividend date is Monday, March 31st. This represents a $2.32 annualized dividend and a yield of 5.57%. FMC’s payout ratio is 85.29%.

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.