FMC Target of Unusually High Options Trading (NYSE:FMC)

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FMC Co. (NYSE:FMCGet Rating) was the recipient of unusually large options trading activity on Monday. Investors purchased 2,512 put options on the company. This is an increase of 401% compared to the typical volume of 501 put options.

FMC Stock Performance

FMC opened at $107.61 on Tuesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.38 and a quick ratio of 0.99. The firm has a fifty day moving average price of $108.66 and a 200 day moving average price of $117.46. FMC has a 1 year low of $87.42 and a 1 year high of $140.99. The stock has a market cap of $13.55 billion, a P/E ratio of 19.78, a P/E/G ratio of 1.42 and a beta of 0.84.

FMC (NYSE:FMCGet Rating) last posted its earnings results on Tuesday, August 2nd. The basic materials company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.04. FMC had a net margin of 12.80% and a return on equity of 30.64%. During the same period in the previous year, the company posted $1.81 earnings per share. Equities research analysts anticipate that FMC will post 7.45 earnings per share for the current year.

FMC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 20th. Stockholders of record on Friday, September 30th will be issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date is Thursday, September 29th. FMC’s payout ratio is 38.97%.

Institutional Investors Weigh In On FMC

A number of hedge funds have recently modified their holdings of the company. Avantax Advisory Services Inc. boosted its stake in FMC by 13.9% during the first quarter. Avantax Advisory Services Inc. now owns 3,015 shares of the basic materials company’s stock worth $399,000 after buying an additional 368 shares during the period. Profund Advisors LLC increased its stake in FMC by 4.8% in the first quarter. Profund Advisors LLC now owns 4,235 shares of the basic materials company’s stock valued at $557,000 after purchasing an additional 193 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in FMC by 19.5% in the first quarter. Commonwealth Equity Services LLC now owns 13,852 shares of the basic materials company’s stock valued at $1,822,000 after purchasing an additional 2,265 shares during the last quarter. abrdn plc increased its stake in FMC by 12.6% in the first quarter. abrdn plc now owns 246,412 shares of the basic materials company’s stock valued at $32,803,000 after purchasing an additional 27,669 shares during the last quarter. Finally, Westpac Banking Corp grew its position in shares of FMC by 37.1% during the first quarter. Westpac Banking Corp now owns 146,190 shares of the basic materials company’s stock worth $19,234,000 after acquiring an additional 39,567 shares during the last quarter. Hedge funds and other institutional investors own 87.42% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. UBS Group reduced their price objective on shares of FMC from $149.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, July 13th. Credit Suisse Group dropped their price objective on shares of FMC from $109.00 to $105.00 and set an “underperform” rating for the company in a research note on Wednesday, August 3rd. StockNews.com cut shares of FMC from a “buy” rating to a “hold” rating in a research note on Saturday, August 27th. Redburn Partners lowered shares of FMC from a “buy” rating to a “neutral” rating in a report on Monday, June 13th. Finally, Mizuho lowered their target price on shares of FMC from $149.00 to $144.00 and set a “buy” rating for the company in a report on Thursday, August 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, FMC currently has an average rating of “Moderate Buy” and a consensus target price of $132.64.

About FMC

(Get Rating)

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 include 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.

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