1 week Ago By ABMN Staff
Mariner LLC raised its holdings in FMC Co. ( NYSE:FMC – Free Report ) by 4.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission.
The firm owned 21,118 shares of the basic materials company’s stock after purchasing an additional 905 shares during the period. Mariner LLC’s holdings in FMC were worth $1,027,000 at the end of the most recent quarter. A number of other institutional investors and hedge funds have also recently made changes to their positions in the business.
WP Advisors LLC raised its stake in FMC by 3.3% in the fourth quarter. WP Advisors LLC now owns 6,193 shares of the basic materials company’s stock valued at $301,000 after purchasing an additional 200 shares in the last quarter.
International Private Wealth Advisors LLC raised its position in shares of FMC by 3.8% in the 4th quarter. International Private Wealth Advisors LLC now owns 5,604 shares of the basic materials company’s stock valued at $272,000 after buying an additional 205 shares in the last quarter.
Blue Trust Inc. lifted its holdings in shares of FMC by 9.9% during the 4th quarter.
Blue Trust Inc. now owns 2,620 shares of the basic materials company’s stock worth $127,000 after acquiring an additional 236 shares during the period. Principal Securities Inc.
boosted its position in shares of FMC by 34.7% during the 4th quarter. Principal Securities Inc.
now owns 990 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 255 shares in the last quarter. Finally, Arizona State Retirement System increased its stake in FMC by 0.8% in the fourth quarter.
Arizona State Retirement System now owns 36,226 shares of the basic materials company’s stock valued at $1,761,000 after acquiring an additional 285 shares during the last quarter. Institutional investors and hedge funds own 91.86% of the company’s stock.
Analyst Upgrades and Downgrades A number of equities research analysts have weighed in on FMC shares. Wells Fargo & Company reduced their target price on FMC from $43.00 to $41.
00 and set an “equal weight” rating on the stock in a report on Monday, April 21st. Vertical Research raised FMC to a “hold” rating in a research note on Wednesday, February 5th. Barclays lowered their target price on FMC from $65.
00 to $48.00 and set an “overweight” rating for the company in a research note on Friday, February 7th. Citigroup lifted their price target on shares of FMC from $55.
00 to $61.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Finally, Bank of America reissued an “underperform” rating and issued a $48.
00 price objective (down previously from $61.00) on shares of FMC in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company.
According to MarketBeat.com, FMC has an average rating of “Hold” and an average target price of $48.92.
Insider Transactions at FMC In other FMC news, insider Ronaldo Pereira bought 5,600 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average price of $35.77 per share, with a total value of $200,312.
00. Following the completion of the purchase, the insider now directly owns 48,837 shares of the company’s stock, valued at approximately $1,746,899.49.
This trade represents a 12.95 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link .
Also, Director Carol Anthony Davidson bought 6,000 shares of the stock in a transaction on Wednesday, March 5th. The stock was acquired at an average price of $37.33 per share, with a total value of $223,980.
00. Following the completion of the acquisition, the director now owns 6,000 shares of the company’s stock, valued at $223,980. This represents a ∞ increase in their position.
The disclosure for this purchase can be found here . Corporate insiders own 0.67% of the company’s stock.
FMC Stock Up 1.0 % Shares of FMC opened at $41.19 on Monday.
The company has a market capitalization of $5.14 billion, a PE ratio of 15.14, a PEG ratio of 1.
90 and a beta of 0.83. The stock’s 50-day moving average price is $39.
26 and its two-hundred day moving average price is $48.89. 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 12 month low of $32.83 and a 12 month high of $68.
72. FMC ( NYSE:FMC – Get Free Report ) last announced its earnings results on Tuesday, February 4th. The basic materials company reported $1.
79 EPS for the quarter, beating the consensus estimate of $1.65 by $0.14.
FMC had a return on equity of 9.67% and a net margin of 8.03%.
On average, analysts anticipate that FMC Co. will post 3.48 EPS for the current year.
FMC Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were issued a dividend of $0.58 per share.
The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.32 dividend on an annualized basis and a yield of 5.
63%. FMC’s payout ratio is currently 85.29%.
FMC Company Profile ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding FMC? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for FMC Co. ( NYSE:FMC – Free Report ). Receive News & Ratings for FMC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FMC and related companies with MarketBeat.
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