National Bank of Canada FI Raises Stock Position in FMC Co. (NYSE:FMC)

National Bank of Canada FI grew its position in FMC Co. (NYSE:FMC - Free Report) by 86.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 63,281 shares of the basic materials company's stock after acquiring an additional 29,401 shares during the quarter. National Bank of Canada FI owned about 0.05% of FMC worth $4,173,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in FMC. State Street Corp grew its holdings in FMC by 27.3% in the 3rd quarter. State Street Corp now owns 6,271,760 shares of the basic materials company's stock valued at $417,151,000 after buying an additional 1,343,615 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of FMC by 1.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,136,344 shares of the basic materials company's stock valued at $74,931,000 after acquiring an additional 20,350 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of FMC by 317.7% in the second quarter. AQR Capital Management LLC now owns 1,099,389 shares of the basic materials company's stock valued at $63,160,000 after purchasing an additional 836,179 shares during the period. Bank of New York Mellon Corp raised its stake in FMC by 2.1% during the second quarter. Bank of New York Mellon Corp now owns 858,129 shares of the basic materials company's stock worth $49,385,000 after purchasing an additional 17,381 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in FMC by 9.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 721,879 shares of the basic materials company's stock valued at $41,543,000 after purchasing an additional 64,055 shares during the last quarter. 91.86% of the stock is owned by institutional investors and hedge funds.

FMC Stock Down 1.8 %

FMC stock traded down $1.00 during mid-day trading on Friday, reaching $53.50. 2,057,921 shares of the company's stock were exchanged, compared to its average volume of 1,648,530. FMC Co. has a twelve month low of $50.03 and a twelve month high of $68.72. The company has a fifty day moving average of $60.04 and a 200-day moving average of $60.25. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.65. The company has a market cap of $6.68 billion, a P/E ratio of 4.60, a P/E/G ratio of 1.48 and a beta of 0.80.

FMC (NYSE:FMC - Get Free Report) last released its earnings results on Tuesday, October 29th. The basic materials company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.49 by $0.20. The firm had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.04 billion. FMC had a return on equity of 7.68% and a net margin of 34.93%. FMC's revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.44 EPS. Sell-side analysts expect that FMC Co. will post 3.35 EPS for the current year.

FMC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Tuesday, December 31st will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 4.34%. FMC's dividend payout ratio is currently 19.97%.

Insiders Place Their Bets

In other FMC news, VP Jacqueline Scanlan sold 4,529 shares of the firm's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $59.67, for a total value of $270,245.43. Following the sale, the vice president now directly owns 28,649 shares in the company, valued at $1,709,485.83. This trade represents a 13.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.85% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FMC. Royal Bank of Canada raised their price target on shares of FMC from $78.00 to $81.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Citigroup began coverage on shares of FMC in a report on Wednesday, October 23rd. They issued a "neutral" rating and a $67.00 price objective on the stock. Finally, Mizuho increased their target price on shares of FMC from $64.00 to $70.00 and gave the stock a "neutral" rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $68.00.

FMC Company 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.