Trexquant Investment LP Invests $4.47 Million in FMC Co. (NYSE:FMC)

Trexquant Investment LP purchased a new stake in shares of FMC Co. (NYSE:FMC) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 91,964 shares of the basic materials company’s stock, valued at approximately $4,470,000.

Several other institutional investors have also recently bought and sold shares of the business. Golden State Wealth Management LLC bought a new position in shares of FMC in the fourth quarter valued at about $29,000. EverSource Wealth Advisors LLC increased its position in FMC by 217.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company’s stock valued at $36,000 after acquiring an additional 511 shares in the last quarter. IFP Advisors Inc raised its stake in shares of FMC by 65.3% in the fourth quarter. IFP Advisors Inc now owns 959 shares of the basic materials company’s stock worth $47,000 after acquiring an additional 379 shares during the last quarter. Principal Securities Inc. lifted its position in shares of FMC by 34.7% during the fourth quarter. Principal Securities Inc. now owns 990 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 255 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of FMC during the third quarter valued at approximately $58,000. Institutional investors own 91.86% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on FMC shares. Royal Bank of Canada cut shares of FMC from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $78.00 to $47.00 in a research report on Wednesday, February 5th. Vertical Research raised FMC to a “hold” rating in a research note on Wednesday, February 5th. Barclays decreased their price target on FMC from $65.00 to $48.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. Mizuho dropped their price objective on FMC from $70.00 to $55.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Finally, Bank of America reaffirmed an “underperform” rating and issued a $48.00 target price (down previously from $61.00) on shares of FMC in a research note on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, FMC presently has a consensus rating of “Hold” and an average target price of $51.15.

Insider Activity at FMC

In related news, Director Carol Anthony Davidson bought 6,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average price of $37.33 per share, with a total value of $223,980.00. Following the completion of the transaction, the director now owns 6,000 shares in the company, valued at $223,980. The trade was a ? increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Michael Finian Reilly sold 2,958 shares of the company’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $55.25, for a total value of $163,429.50. Following the sale, the executive vice president now owns 25,468 shares in the company, valued at $1,407,107. The trade was a 10.41 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is owned by insiders.

FMC Trading Down 9.3 %

Shares of NYSE FMC opened at $35.33 on Friday. FMC Co. has a twelve month low of $33.80 and a twelve month high of $68.72. 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 stock has a market cap of $4.41 billion, a price-to-earnings ratio of 12.99, a P/E/G ratio of 1.90 and a beta of 0.83. The company’s fifty day moving average is $41.54 and its 200-day moving average is $52.03.

FMC (NYSE:FMC) last released its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share for the quarter, beating 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 research analysts predict that FMC Co. will post 3.48 EPS for the current year.

FMC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be issued a dividend of $0.58 per share. The ex-dividend date is Monday, March 31st. This represents a $2.32 dividend on an annualized basis and a dividend yield of 6.57%. FMC’s payout ratio is presently 85.29%.

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.