CANADA LIFE ASSURANCE Co Acquires 28,830 Shares of FMC Co. (NYSE:FMC)

CANADA LIFE ASSURANCE Co boosted its holdings in shares of FMC Co. (NYSE:FMC - Free Report) by 38.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 103,502 shares of the basic materials company's stock after purchasing an additional 28,830 shares during the quarter. CANADA LIFE ASSURANCE Co owned about 0.08% of FMC worth $5,025,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Marshall Wace LLP bought a new position in shares of FMC in the 4th quarter valued at about $2,591,000. Jump Financial LLC lifted its stake in shares of FMC by 444.0% in the 4th quarter. Jump Financial LLC now owns 70,937 shares of the basic materials company's stock valued at $3,448,000 after purchasing an additional 57,896 shares during the last quarter. Canada Post Corp Registered Pension Plan purchased a new position in shares of FMC in the 4th quarter worth approximately $62,000. Mariner LLC increased its position in shares of FMC by 4.5% during the 4th quarter. Mariner LLC now owns 21,118 shares of the basic materials company's stock valued at $1,027,000 after purchasing an additional 905 shares during the last quarter. Finally, Barclays PLC raised its holdings in FMC by 7.3% during the 4th quarter. Barclays PLC now owns 333,083 shares of the basic materials company's stock valued at $16,188,000 after buying an additional 22,705 shares during the period. Institutional investors own 91.86% of the company's stock.

Insider Activity

In other news, insider Ronaldo Pereira bought 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 purchase, the insider now directly owns 48,837 shares in the company, valued at approximately $1,746,899.49. The trade was a 12.95 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Carol Anthony Davidson purchased 6,000 shares of FMC stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average cost of $37.33 per share, for a total transaction of $223,980.00. Following the completion of the transaction, the director now owns 6,000 shares of the company's stock, valued at approximately $223,980. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.67% of the company's stock.

FMC Price Performance

Shares of FMC opened at $39.32 on Thursday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.24 and a current ratio of 1.64. The company has a 50 day moving average price of $39.12 and a 200-day moving average price of $49.36. FMC Co. has a fifty-two week low of $32.83 and a fifty-two week high of $68.72. The stock has a market capitalization of $4.91 billion, a PE ratio of 14.46, a PEG ratio of 1.90 and a beta of 0.83.

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

FMC Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 5.90%. The ex-dividend date of this dividend was Monday, March 31st. FMC's payout ratio is 85.29%.

Wall Street Analysts Forecast Growth

FMC has been the subject of several recent analyst reports. Wells Fargo & Company dropped their price objective on shares of FMC from $43.00 to $41.00 and set an "equal weight" rating for the company in a research note on Monday. Redburn Atlantic lowered shares of FMC from a "buy" rating to a "neutral" rating and set a $49.00 price objective on the stock. in a research report on Friday, February 14th. Morgan Stanley dropped their target price on FMC from $70.00 to $46.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. Mizuho set a $46.00 price target on FMC in a report on Tuesday, April 15th. Finally, StockNews.com cut FMC from a "buy" rating to a "hold" rating in a report on Saturday, February 22nd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, FMC presently has a consensus rating of "Hold" and an average price target of $48.69.

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.

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