Bryce Point Capital LLC Takes Position in FMC Co. (NYSE:FMC)

Bryce Point Capital LLC purchased a new stake in shares of FMC Co. (NYSE:FMC) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 11,520 shares of the basic materials company’s stock, valued at approximately $560,000.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in FMC by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 15,291,878 shares of the basic materials company’s stock worth $743,338,000 after acquiring an additional 180,766 shares during the period. State Street Corp lifted its position in shares of FMC by 27.3% in the third quarter. State Street Corp now owns 6,271,760 shares of the basic materials company’s stock worth $417,151,000 after purchasing an additional 1,343,615 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of FMC by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 2,995,691 shares of the basic materials company’s stock worth $145,452,000 after purchasing an additional 54,017 shares during the period. Bank of New York Mellon Corp grew its position in FMC by 48.9% during the fourth quarter. Bank of New York Mellon Corp now owns 2,088,235 shares of the basic materials company’s stock valued at $101,509,000 after purchasing an additional 685,995 shares in the last quarter. Finally, Brandywine Global Investment Management LLC increased its stake in FMC by 14.9% in the 4th quarter. Brandywine Global Investment Management LLC now owns 1,861,057 shares of the basic materials company’s stock valued at $90,466,000 after buying an additional 241,582 shares during the period. 91.86% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at FMC

In related news, Director Carol Anthony Davidson purchased 6,000 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were bought at an average cost of $37.33 per share, for a total transaction of $223,980.00. Following the transaction, the director now directly owns 6,000 shares of the company’s stock, valued at approximately $223,980. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Ronaldo Pereira acquired 5,600 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were bought at an average cost of $35.77 per share, with a total value of $200,312.00. Following the transaction, the insider now directly owns 48,837 shares of the company’s stock, valued at $1,746,899.49. The trade was a 12.95 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FMC. Morgan Stanley decreased their target price on shares of FMC from $70.00 to $46.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Bank of America reissued an “underperform” rating and set a $48.00 price objective (down previously from $61.00) on shares of FMC in a research report on Wednesday, February 5th. Citigroup upped their target price on FMC from $55.00 to $61.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Vertical Research upgraded FMC to a “hold” rating in a report on Wednesday, February 5th. Finally, The Goldman Sachs Group began coverage on FMC in a research note on Thursday, March 13th. They issued a “buy” rating and a $51.00 price target for the company. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, FMC has a consensus rating of “Hold” and a consensus price target of $51.15.

FMC Trading Up 0.9 %

NYSE:FMC opened at $42.55 on Thursday. The company has a quick ratio of 1.24, a current ratio of 1.64 and a debt-to-equity ratio of 0.67. The company’s 50 day moving average is $42.28 and its 200-day moving average is $52.39. The firm has a market cap of $5.31 billion, a price-to-earnings ratio of 15.64, a P/E/G ratio of 1.90 and a beta of 0.93. FMC Co. has a 12 month low of $33.80 and a 12 month high of $68.72.

FMC (NYSE:FMC) last announced its earnings results on Tuesday, February 4th. The basic materials company reported $1.79 EPS for the quarter, topping 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%. Equities analysts anticipate that FMC Co. will post 3.48 EPS for the current year.

FMC Announces Dividend

The firm 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 of this dividend is Monday, March 31st. This represents a $2.32 annualized dividend and a yield of 5.45%. FMC’s payout ratio is 85.29%.

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.