FMC Co. (NYSE:FMC) Shares Sold by New South Capital Management Inc.

New South Capital Management Inc. lessened its stake in shares of FMC Co. (NYSE:FMC) by 25.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 497,610 shares of the basic materials company’s stock after selling 168,369 shares during the period. New South Capital Management Inc.’s holdings in FMC were worth $24,189,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of FMC. Golden State Wealth Management LLC acquired a new position in shares of FMC during the 4th quarter worth about $29,000. Millburn Ridgefield Corp raised its holdings in FMC by 186.2% in the 3rd quarter. Millburn Ridgefield Corp now owns 498 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 324 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in FMC by 90.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 246 shares during the last quarter. IFP Advisors Inc raised its holdings in FMC by 65.3% in the 4th quarter. IFP Advisors Inc now owns 959 shares of the basic materials company’s stock valued at $47,000 after acquiring an additional 379 shares during the last quarter. Finally, Principal Securities Inc. raised its holdings in FMC by 34.7% in the 4th quarter. Principal Securities Inc. now owns 990 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 255 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 analysts have commented on FMC shares. Morgan Stanley cut their price objective on shares of FMC from $70.00 to $46.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Barclays cut their price objective on shares of FMC from $65.00 to $48.00 and set an “overweight” rating for the company in a report on Friday, February 7th. KeyCorp cut their price objective on shares of FMC from $55.00 to $51.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. BMO Capital Markets cut their price objective on shares of FMC from $62.00 to $50.00 and set a “market perform” rating for the company in a report on Wednesday, February 5th. Finally, Mizuho dropped their price target on shares of FMC from $70.00 to $55.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $52.23.

Insiders Place Their Bets

In other FMC news, EVP Michael Finian Reilly sold 2,958 shares of the stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $55.25, for a total transaction of $163,429.50. Following the sale, the executive vice president now directly owns 25,468 shares in the company, valued at $1,407,107. This represents a 10.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Ronaldo Pereira bought 5,600 shares of FMC stock in a transaction on Tuesday, March 4th. The shares were acquired at an average price of $35.77 per share, for a total transaction of $200,312.00. Following the completion of the acquisition, the insider now owns 48,837 shares in the company, valued at $1,746,899.49. This represents a 12.95 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.85% of the stock is owned by company insiders.

FMC Stock Performance

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

FMC (NYSE:FMC) last posted its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share for the quarter, topping 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%. Equities research analysts forecast that FMC Co. will post 3.48 EPS for the current year.

FMC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be given a dividend of $0.58 per share. 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 payout ratio is currently 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.