Ontario Teachers Pension Plan Board Purchases Shares of 43,778 FMC Co. (NYSE:FMC)

Ontario Teachers Pension Plan Board purchased a new stake in FMC Co. (NYSE:FMC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 43,778 shares of the basic materials company’s stock, valued at approximately $2,760,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Wellington Management Group LLP increased its stake in FMC by 17.7% in the 3rd quarter. Wellington Management Group LLP now owns 10,881,670 shares of the basic materials company’s stock valued at $728,745,000 after buying an additional 1,634,535 shares during the last quarter. Boston Partners increased its stake in shares of FMC by 2.2% during the 4th quarter. Boston Partners now owns 2,428,010 shares of the basic materials company’s stock worth $153,030,000 after purchasing an additional 53,408 shares during the last quarter. Northern Trust Corp increased its stake in shares of FMC by 7.8% during the 3rd quarter. Northern Trust Corp now owns 2,340,777 shares of the basic materials company’s stock worth $156,762,000 after purchasing an additional 169,224 shares during the last quarter. Invesco Ltd. increased its stake in shares of FMC by 37.9% during the 3rd quarter. Invesco Ltd. now owns 1,764,469 shares of the basic materials company’s stock worth $118,166,000 after purchasing an additional 484,500 shares during the last quarter. Finally, Tweedy Browne Co LLC increased its stake in shares of FMC by 43.2% during the 3rd quarter. Tweedy Browne Co LLC now owns 1,443,804 shares of the basic materials company’s stock worth $96,692,000 after purchasing an additional 435,404 shares during the last quarter. 91.86% of the stock is currently owned by institutional investors and hedge funds.

FMC Stock Performance

NYSE FMC traded down $2.23 during trading on Thursday, reaching $61.39. The company’s stock had a trading volume of 370,973 shares, compared to its average volume of 1,920,900. The firm has a 50 day moving average price of $61.73 and a 200 day moving average price of $58.50. FMC Co. has a 12 month low of $49.49 and a 12 month high of $111.95. The company has a current ratio of 1.46, a quick ratio of 1.02 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $7.66 billion, a price-to-earnings ratio of 7.10, a price-to-earnings-growth ratio of 1.27 and a beta of 0.88.

FMC (NYSE:FMC) last issued its quarterly earnings results on Monday, May 6th. The basic materials company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. FMC had a net margin of 27.65% and a return on equity of 7.68%. The company had revenue of $918.00 million during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the firm posted $1.77 EPS. The firm’s quarterly revenue was down 31.7% on a year-over-year basis. As a group, equities analysts anticipate that FMC Co. will post 3.76 EPS for the current fiscal year.

FMC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Friday, June 28th will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date of this dividend is Friday, June 28th. FMC’s dividend payout ratio is 25.89%.

Insider Buying and Selling

In related news, CFO Andrew D. Sandifer acquired 2,150 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was acquired at an average cost of $59.22 per share, for a total transaction of $127,323.00. Following the transaction, the chief financial officer now directly owns 50,088 shares in the company, valued at $2,966,211.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.85% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

FMC has been the topic of several recent analyst reports. BNP Paribas lowered shares of FMC from an “outperform” rating to a “neutral” rating and set a $56.00 price objective on the stock. in a research note on Wednesday, February 7th. BMO Capital Markets lowered their price objective on shares of FMC from $63.00 to $61.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 7th. KeyCorp boosted their price objective on shares of FMC from $79.00 to $81.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 8th. Loop Capital lifted their target price on shares of FMC from $55.00 to $65.00 and gave the stock a “hold” rating in a report on Tuesday, March 19th. Finally, Mizuho lifted their target price on shares of FMC from $55.00 to $57.00 and gave the stock a “neutral” rating in a report on Tuesday, May 7th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $70.56.

About FMC

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.