WCM Investment Management LLC Buys 358 Shares of FMC Co. (NYSE:FMC)

WCM Investment Management LLC grew its stake in FMC Co. (NYSE:FMC) by 2.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,210 shares of the basic materials company’s stock after acquiring an additional 358 shares during the period. WCM Investment Management LLC’s holdings in FMC were worth $785,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of FMC. Barnett & Company Inc. bought a new position in FMC in the third quarter worth approximately $2,265,000. Inspire Trust Co. N.A. lifted 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 worth $3,970,000 after buying an additional 9,500 shares during the period. Reinhart Partners LLC. grew its position in shares of FMC by 20.9% during the 4th quarter. Reinhart Partners LLC. now owns 227,328 shares of the basic materials company’s stock worth $11,050,000 after buying an additional 39,230 shares in the last quarter. Advisors Asset Management Inc. increased its stake in shares of FMC by 27.8% during the third 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. Finally, First National Bank of Omaha raised its holdings in shares of FMC by 85.7% in the third quarter. First National Bank of Omaha now owns 33,935 shares of the basic materials company’s stock valued at $2,238,000 after acquiring an additional 15,662 shares in the last quarter. 91.86% of the stock is owned by hedge funds and other institutional investors.

FMC Price Performance

Shares of FMC stock opened at $35.13 on Tuesday. FMC Co. has a fifty-two week low of $33.80 and a fifty-two week high of $68.72. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.09 and a current ratio of 1.64. The firm has a market capitalization of $4.39 billion, a price-to-earnings ratio of 12.91, a PEG ratio of 1.75 and a beta of 0.84. The stock’s 50-day simple moving average is $51.50 and its 200-day simple moving average is $58.22.

FMC (NYSE:FMC) last released its earnings results on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share for the quarter, topping 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%. As a group, equities analysts forecast that FMC Co. will post 3.53 earnings per share for the current fiscal year.

FMC Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Tuesday, December 31st were paid a $0.58 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $2.32 dividend on an annualized basis and a yield of 6.60%. FMC’s dividend payout ratio (DPR) is 85.29%.

Insiders Place Their Bets

In other FMC news, EVP Michael Finian Reilly sold 2,958 shares of FMC stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $55.25, for a total transaction of $163,429.50. Following the completion of the sale, the executive vice president now directly owns 25,468 shares in the company, valued at approximately $1,407,107. The trade was a 10.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.85% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have issued reports on FMC shares. Barclays dropped their target price on shares of FMC from $65.00 to $48.00 and set an “overweight” rating on the stock in a report on Friday. StockNews.com upgraded shares of FMC from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. KeyCorp reduced their price objective on shares of FMC from $79.00 to $69.00 and set an “overweight” rating for the company in a research note on Thursday, January 2nd. BMO Capital Markets dropped their target price on FMC from $62.00 to $50.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 5th. Finally, Royal Bank of Canada downgraded FMC from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $78.00 to $47.00 in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $54.00.

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.