SVB Wealth LLC Purchases New Stake in FMC Co. (NYSE:FMC)

SVB Wealth LLC bought a new stake in shares of FMC Co. (NYSE:FMC) during the 4th quarter, HoldingsChannel reports. The firm bought 4,755 shares of the basic materials company’s stock, valued at approximately $231,000.

A number of other large investors also recently made changes to their positions in the business. Millburn Ridgefield Corp grew its position in FMC by 186.2% during the third quarter. Millburn Ridgefield Corp now owns 498 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 324 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in shares of FMC by 90.8% during the 3rd quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock valued at $34,000 after buying an additional 246 shares during the period. Golden State Wealth Management LLC purchased a new position in shares of FMC during the 4th quarter valued at $29,000. Peterson Financial Group Inc. acquired a new position in shares of FMC in the third quarter worth $51,000. Finally, Brooklyn Investment Group purchased a new stake in shares of FMC during the third quarter worth $52,000. Institutional investors and hedge funds own 91.86% of the company’s stock.

FMC Trading Up 7.9 %

Shares of FMC stock opened at $39.48 on Thursday. The company has a quick ratio of 1.24, a current ratio of 1.64 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $4.93 billion, a P/E ratio of 14.51, a P/E/G ratio of 1.90 and a beta of 0.93. FMC Co. has a 12-month low of $33.80 and a 12-month high of $68.72. The firm has a 50-day moving average price of $45.98 and a 200 day moving average price of $55.43.

FMC (NYSE:FMC) last posted its earnings results on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.14. FMC had a net margin of 8.03% and a return on equity of 9.67%. Research analysts forecast that FMC Co. will post 3.48 earnings per share for the current fiscal year.

FMC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be paid a $0.58 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.32 dividend on an annualized basis and a dividend yield of 5.88%. FMC’s dividend payout ratio (DPR) is presently 85.29%.

Insider Activity at FMC

In related news, insider Ronaldo Pereira acquired 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 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 acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Michael Finian Reilly sold 2,958 shares of the stock in a transaction 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 completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 0.85% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on FMC. StockNews.com lowered FMC from a “buy” rating to a “hold” rating in a report on Saturday, February 22nd. Royal Bank of Canada lowered shares of FMC from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from $78.00 to $47.00 in a research note on Wednesday, February 5th. Vertical Research upgraded FMC to a “hold” rating in a report on Wednesday, February 5th. Bank of America reiterated an “underperform” rating and set a $48.00 price target (down previously from $61.00) on shares of FMC in a research note on Wednesday, February 5th. Finally, Redburn Atlantic downgraded FMC from a “buy” rating to a “neutral” rating and set a $49.00 price objective on the stock. in a research note on Friday, February 14th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $52.23.

FMC 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.