FMC Co. (NYSE:FMC) Shares Acquired by Advisors Asset Management Inc.

Advisors Asset Management Inc. boosted its position in FMC Co. (NYSE:FMC) by 69.8% in the 4th quarter, HoldingsChannel reports. The firm owned 73,851 shares of the basic materials company’s stock after purchasing an additional 30,368 shares during the period. Advisors Asset Management Inc.’s holdings in FMC were worth $3,590,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CIBC Asset Management Inc raised its position in shares of FMC by 8.1% in the third quarter. CIBC Asset Management Inc now owns 17,433 shares of the basic materials company’s stock valued at $1,150,000 after buying an additional 1,310 shares during the last quarter. Natixis Advisors LLC raised its holdings in FMC by 21.3% in the 3rd quarter. Natixis Advisors LLC now owns 79,217 shares of the basic materials company’s stock valued at $5,224,000 after acquiring an additional 13,898 shares during the last quarter. Mutual of America Capital Management LLC lifted its stake in shares of FMC by 16.0% during the 3rd quarter. Mutual of America Capital Management LLC now owns 72,599 shares of the basic materials company’s stock worth $4,787,000 after purchasing an additional 10,014 shares during the period. Commerce Bank boosted its holdings in shares of FMC by 3.7% during the third quarter. Commerce Bank now owns 5,135 shares of the basic materials company’s stock worth $339,000 after purchasing an additional 183 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its position in shares of FMC by 90.8% in the third quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 246 shares during the period. 91.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other FMC news, Director Carol Anthony Davidson purchased 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average price of $37.33 per share, for a total transaction of $223,980.00. Following the completion of the purchase, the director now owns 6,000 shares in the company, valued at $223,980. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael Finian Reilly sold 2,958 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The shares were 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. Insiders own 0.85% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on FMC shares. UBS Group downgraded FMC from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $66.00 to $38.00 in a research report on Friday, February 7th. Mizuho lowered their target price on shares of FMC from $70.00 to $55.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Citigroup increased their price target on shares of FMC from $55.00 to $61.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Barclays lowered their price objective on shares of FMC from $65.00 to $48.00 and set an “overweight” rating for the company in a research note on Friday, February 7th. Finally, Vertical Research raised FMC to a “hold” rating in a research report on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $51.15.

FMC Price Performance

Shares of NYSE FMC opened at $42.26 on Friday. FMC Co. has a 1-year low of $33.80 and a 1-year high of $68.72. The business has a 50-day moving average of $44.28 and a 200-day moving average of $53.72. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.64 and a quick ratio of 1.24. The company has a market capitalization of $5.28 billion, a price-to-earnings ratio of 15.54, a PEG ratio of 1.90 and a beta of 0.93.

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

FMC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 5.49%. The ex-dividend date is Monday, March 31st. FMC’s dividend payout ratio (DPR) is 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.