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

Quantbot Technologies LP increased its stake in shares of FMC Co. (NYSE:FMC - Free Report) by 2,372.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,026 shares of the basic materials company's stock after purchasing an additional 67,194 shares during the quarter. Quantbot Technologies LP owned approximately 0.06% of FMC worth $3,404,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Golden State Wealth Management LLC purchased a new stake in FMC in the fourth quarter valued at approximately $29,000. Millburn Ridgefield Corp increased its position in shares of FMC by 186.2% during the third quarter. Millburn Ridgefield Corp now owns 498 shares of the basic materials company's stock worth $33,000 after acquiring an additional 324 shares during the last quarter. First Horizon Advisors Inc. grew its stake in FMC by 90.8% during the 3rd quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company's stock valued at $34,000 after purchasing an additional 246 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of FMC by 217.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company's stock valued at $36,000 after buying an additional 511 shares during the last quarter. Finally, IFP Advisors Inc grew its position in shares of FMC by 65.3% during the fourth quarter. IFP Advisors Inc now owns 959 shares of the basic materials company's stock worth $47,000 after buying an additional 379 shares in the last quarter. Institutional investors and hedge funds own 91.86% of the company's stock.

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FMC Stock Up 2.2 %

FMC stock traded up $0.93 during mid-day trading on Wednesday, hitting $42.13. 2,247,891 shares of the company's stock were exchanged, compared to its average volume of 1,902,009. The stock has a 50 day moving average of $43.67 and a two-hundred day moving average of $53.15. The company has a current ratio of 1.64, a quick ratio of 1.24 and a debt-to-equity ratio of 0.67. FMC Co. has a 1-year low of $33.80 and a 1-year high of $68.72. The stock has a market cap of $5.26 billion, a P/E ratio of 15.49, a P/E/G ratio of 1.90 and a beta of 0.93.

FMC (NYSE:FMC - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $1.79 EPS for the quarter, topping analysts' consensus estimates of $1.65 by $0.14. FMC had a return on equity of 9.67% and a net margin of 8.03%. As a group, analysts anticipate that FMC Co. will post 3.48 EPS for the current fiscal year.

FMC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 5.51%. The ex-dividend date is Monday, March 31st. FMC's dividend payout ratio is 85.29%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Mizuho dropped their price target on FMC from $70.00 to $55.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. Redburn Atlantic cut FMC from a "buy" rating to a "neutral" rating and set a $49.00 target price on the stock. in a research note on Friday, February 14th. BMO Capital Markets cut their price target on FMC from $62.00 to $50.00 and set a "market perform" rating on the stock in a report on Wednesday, February 5th. UBS Group lowered FMC from a "buy" rating to a "neutral" rating and lowered their price target for the company from $66.00 to $38.00 in a report on Friday, February 7th. Finally, KeyCorp decreased their price objective on shares of FMC from $55.00 to $51.00 and set an "overweight" rating for the company in a report on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, FMC currently has a consensus rating of "Hold" and a consensus price target of $51.15.

Insiders Place Their Bets

In other news, EVP Michael Finian Reilly sold 2,958 shares of the firm's 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 owns 25,468 shares of the company's stock, valued at approximately $1,407,107. This trade represents a 10.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ronaldo Pereira purchased 5,600 shares of the business's stock in a transaction dated 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 purchase, the insider now owns 48,837 shares in the company, valued at $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. Corporate insiders own 0.85% of the company's stock.

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.