Gamco Investors INC. ET AL Sells 1,850 Shares of FMC Co. (NYSE:FMC)

Gamco Investors INC. ET AL decreased its holdings in shares of FMC Co. (NYSE:FMC) by 5.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 30,650 shares of the basic materials company’s stock after selling 1,850 shares during the quarter. Gamco Investors INC. ET AL’s holdings in FMC were worth $1,490,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jump Financial LLC grew its position in FMC by 444.0% in the 4th quarter. Jump Financial LLC now owns 70,937 shares of the basic materials company’s stock valued at $3,448,000 after acquiring an additional 57,896 shares during the last quarter. Canada Post Corp Registered Pension Plan bought a new position in shares of FMC in the fourth quarter worth about $62,000. Mariner LLC grew its holdings in shares of FMC by 4.5% in the fourth quarter. Mariner LLC now owns 21,118 shares of the basic materials company’s stock worth $1,027,000 after purchasing an additional 905 shares during the last quarter. Barclays PLC increased its stake in FMC by 7.3% in the 4th quarter. Barclays PLC now owns 333,083 shares of the basic materials company’s stock worth $16,188,000 after buying an additional 22,705 shares during the period. Finally, Townsquare Capital LLC boosted its position in FMC by 16.0% in the 4th quarter. Townsquare Capital LLC now owns 11,541 shares of the basic materials company’s stock valued at $561,000 after buying an additional 1,591 shares during the period. 91.86% of the stock is currently owned by hedge funds and other institutional investors.

FMC Price Performance

NYSE FMC opened at $37.79 on Friday. The firm’s fifty day simple moving average is $38.98 and its two-hundred day simple moving average is $49.89. The firm has a market capitalization of $4.72 billion, a P/E ratio of 13.89, a P/E/G ratio of 1.90 and a beta of 0.83. 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) last announced its earnings results on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share (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%. Analysts forecast that FMC Co. will post 3.48 EPS for the current fiscal year.

FMC Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 6.14%. The ex-dividend date was Monday, March 31st. FMC’s dividend payout ratio is presently 85.29%.

Insiders Place Their Bets

In other news, Director Carol Anthony Davidson acquired 6,000 shares of FMC stock in a transaction dated Wednesday, March 5th. The stock was purchased at an average cost of $37.33 per share, for a total transaction of $223,980.00. Following the completion of the purchase, the director now directly owns 6,000 shares in the company, valued at $223,980. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ronaldo Pereira bought 5,600 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average price of $35.77 per share, for a total transaction of $200,312.00. Following the transaction, the insider now owns 48,837 shares of the company’s stock, valued at $1,746,899.49. The trade was a 12.95 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FMC. StockNews.com lowered shares of FMC from a “buy” rating to a “hold” rating in a research report on Saturday, February 22nd. Wells Fargo & Company restated a “cautious” rating on shares of FMC in a report on Thursday, March 6th. Royal Bank of Canada cut FMC from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $78.00 to $47.00 in a report on Wednesday, February 5th. Morgan Stanley cut their price target on FMC from $70.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Finally, KeyCorp lowered their price objective on shares of FMC from $51.00 to $49.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $50.31.

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.