Quantbot Technologies LP Has $3.40 Million Stock Position in FMC Co. (NYSE:FMC)

Quantbot Technologies LP grew its position in FMC Co. (NYSE:FMC) by 2,372.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 70,026 shares of the basic materials company’s stock after buying an additional 67,194 shares during the period. Quantbot Technologies LP owned approximately 0.06% of FMC worth $3,404,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Inspire Trust Co. N.A. grew its holdings in shares of FMC by 18.7% in the 3rd quarter. Inspire Trust Co. N.A. now owns 60,200 shares of the basic materials company’s stock valued at $3,970,000 after buying an additional 9,500 shares during the period. Reinhart Partners LLC. grew its holdings in shares of FMC by 20.9% in the 4th quarter. Reinhart Partners LLC. now owns 227,328 shares of the basic materials company’s stock valued at $11,050,000 after buying an additional 39,230 shares during the period. Advisors Asset Management Inc. grew its holdings in shares of FMC by 27.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 43,483 shares of the basic materials company’s stock valued at $2,867,000 after buying an additional 9,449 shares during the period. First National Bank of Omaha grew its holdings in shares of FMC by 85.7% in the 3rd quarter. First National Bank of Omaha now owns 33,935 shares of the basic materials company’s stock valued at $2,238,000 after buying an additional 15,662 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of FMC by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,164,403 shares of the basic materials company’s stock valued at $56,602,000 after buying an additional 28,059 shares during the period. Institutional investors and hedge funds own 91.86% of the company’s stock.

Insider Activity

In other FMC news, EVP Michael Finian Reilly sold 2,958 shares of the stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $55.25, for a total value of $163,429.50. Following the transaction, the executive vice president now directly owns 25,468 shares of the company’s stock, valued at $1,407,107. This represents a 10.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ronaldo Pereira purchased 5,600 shares of the stock in a transaction on Tuesday, March 4th. The stock was bought at an average cost of $35.77 per share, for a total transaction of $200,312.00. Following the completion of the acquisition, the insider now owns 48,837 shares in the company, valued at approximately $1,746,899.49. This trade represents a 12.95 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.85% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on FMC shares. Vertical Research raised shares of FMC to a “hold” rating in a research note on Wednesday, February 5th. UBS Group lowered shares of FMC from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $66.00 to $38.00 in a research note on Friday, February 7th. Morgan Stanley reduced 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. Royal Bank of Canada lowered shares of FMC from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from $78.00 to $47.00 in a research note on Wednesday, February 5th. Finally, Mizuho reduced their target price on shares of FMC from $70.00 to $55.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $51.15.

FMC Trading Down 1.5 %

FMC stock opened at $41.62 on Friday. The firm has a 50-day moving average of $44.12 and a 200-day moving average of $53.57. FMC Co. has a one year low of $33.80 and a one year high of $68.72. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.64 and a quick ratio of 1.24. The company has a market cap of $5.20 billion, a price-to-earnings ratio of 15.30, a P/E/G ratio of 1.90 and a beta of 0.93.

FMC (NYSE:FMC) last issued its earnings results on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.14. FMC had a net margin of 8.03% and a return on equity of 9.67%. On average, equities analysts expect that FMC Co. will post 3.48 earnings per share for the current fiscal year.

FMC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be issued a $0.58 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.32 dividend on an annualized basis and a dividend 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.