Legacy Wealth Asset Management LLC Buys 3,446 Shares of FMC Co. (NYSE:FMC)

Legacy Wealth Asset Management LLC grew its stake in shares of FMC Co. (NYSE:FMC) by 37.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,546 shares of the basic materials company’s stock after buying an additional 3,446 shares during the period. Legacy Wealth Asset Management LLC’s holdings in FMC were worth $610,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of FMC. State Street Corp boosted its stake in FMC by 27.3% during the third quarter. State Street Corp now owns 6,271,760 shares of the basic materials company’s stock valued at $417,151,000 after buying an additional 1,343,615 shares during the period. AQR Capital Management LLC boosted its position in shares of FMC by 317.7% during the 2nd quarter. AQR Capital Management LLC now owns 1,099,389 shares of the basic materials company’s stock valued at $63,160,000 after acquiring an additional 836,179 shares during the last quarter. Ilex Capital Partners UK LLP grew its holdings in shares of FMC by 2,129.4% during the third quarter. Ilex Capital Partners UK LLP now owns 440,353 shares of the basic materials company’s stock worth $29,037,000 after purchasing an additional 420,601 shares in the last quarter. Mizuho Securities USA LLC increased its position in shares of FMC by 2,531.3% in the third quarter. Mizuho Securities USA LLC now owns 253,179 shares of the basic materials company’s stock worth $16,695,000 after purchasing an additional 243,557 shares during the last quarter. Finally, AE Wealth Management LLC raised its stake in FMC by 709.4% in the second quarter. AE Wealth Management LLC now owns 235,232 shares of the basic materials company’s stock valued at $13,538,000 after purchasing an additional 206,169 shares in the last quarter. 91.86% of the stock is currently owned by institutional investors.

FMC Stock Down 0.1 %

NYSE FMC opened at $53.48 on Friday. The business’s 50-day moving average is $53.89 and its 200 day moving average is $58.97. The stock has a market capitalization of $6.68 billion, a PE ratio of 4.60, a PEG ratio of 0.96 and a beta of 0.83. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.48 and a quick ratio of 1.09. FMC Co. has a 1 year low of $47.71 and a 1 year high of $68.72.

FMC (NYSE:FMC) last announced its earnings results on Tuesday, October 29th. The basic materials company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.20. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.04 billion. FMC had a return on equity of 7.68% and a net margin of 34.93%. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 earnings per share. Sell-side analysts forecast that FMC Co. will post 3.34 earnings per share for the current year.

FMC Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Tuesday, December 31st were paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date was Tuesday, December 31st. FMC’s payout ratio is currently 19.97%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. UBS Group decreased their price target on shares of FMC from $75.00 to $66.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Citigroup lowered their price target on FMC from $70.00 to $55.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. KeyCorp cut their price objective on FMC from $79.00 to $69.00 and set an “overweight” rating for the company in a report on Thursday, January 2nd. Bank of America upgraded FMC from an “underperform” rating to a “neutral” rating and dropped their target price for the stock from $63.00 to $61.00 in a research report on Tuesday. Finally, Mizuho reduced their price target on shares of FMC from $70.00 to $55.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Eleven research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $63.25.

Insiders Place Their Bets

In other news, VP Jacqueline Scanlan sold 4,529 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $59.67, for a total value of $270,245.43. Following the completion of the transaction, the vice president now owns 28,649 shares of the company’s stock, valued at approximately $1,709,485.83. This represents a 13.65 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.85% of the stock is currently owned by company insiders.

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.