FMC (NYSE:FMC) Receives Underperform Rating from Bank of America

Bank of America restated their underperform rating on shares of FMC (NYSE:FMC) in a research report sent to investors on Wednesday,Benzinga reports. The firm currently has a $48.00 target price on the basic materials company’s stock, down from their prior target price of $61.00.

A number of other analysts have also commented on FMC. Morgan Stanley reduced their price objective on shares of FMC from $70.00 to $46.00 and set an “equal weight” rating for the company in a research note on Wednesday. Barclays upgraded shares of FMC from an “equal weight” rating to an “overweight” rating and set a $65.00 price target for the company in a research report on Tuesday, January 21st. Royal Bank of Canada cut shares of FMC from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $78.00 to $47.00 in a research report on Wednesday. KeyCorp reduced their target price on FMC from $79.00 to $69.00 and set an “overweight” rating for the company in a report on Thursday, January 2nd. Finally, UBS Group lowered their price target on FMC from $75.00 to $66.00 and set a “buy” rating on the stock in a report on Friday, December 20th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $57.62.

FMC Stock Down 33.4 %

FMC opened at $36.00 on Wednesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.09 and a current ratio of 1.48. The company has a market capitalization of $4.49 billion, a PE ratio of 3.10, a P/E/G ratio of 1.20 and a beta of 0.84. The stock’s fifty day moving average is $52.96 and its 200-day moving average is $58.69. FMC has a one year low of $34.00 and a one year high of $68.72.

FMC (NYSE:FMC) last released its earnings results on Tuesday, February 4th. The basic materials company reported $1.79 EPS for the quarter, beating the consensus estimate of $1.65 by $0.14. FMC had a net margin of 34.93% and a return on equity of 7.68%. On average, equities analysts predict that FMC will post 3.33 EPS for the current fiscal year.

FMC Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 6.44%. The ex-dividend date of this dividend was Tuesday, December 31st. FMC’s dividend payout ratio (DPR) is presently 19.97%.

Insider Activity

In other FMC news, EVP Michael Finian Reilly sold 2,958 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $55.25, for a total transaction of $163,429.50. Following the transaction, the executive vice president now directly owns 25,468 shares in the company, valued at $1,407,107. This trade represents a 10.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jacqueline Scanlan sold 4,529 shares of the business’s stock in a transaction dated 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 sale, the vice president now directly owns 28,649 shares of the company’s stock, valued at $1,709,485.83. This represents a 13.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,491 shares of company stock worth $433,898 in the last three months. 0.81% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Barnett & Company Inc. bought a new stake in FMC during the third quarter worth approximately $2,265,000. Inspire Trust Co. N.A. raised its position in shares of FMC by 18.7% in the third quarter. Inspire Trust Co. N.A. now owns 60,200 shares of the basic materials company’s stock valued at $3,970,000 after purchasing an additional 9,500 shares during the period. Reinhart Partners LLC. lifted its stake in shares of FMC by 20.9% in the fourth quarter. Reinhart Partners LLC. now owns 227,328 shares of the basic materials company’s stock worth $11,050,000 after buying an additional 39,230 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of FMC by 27.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 43,483 shares of the basic materials company’s stock worth $2,867,000 after buying an additional 9,449 shares during the period. Finally, First National Bank of Omaha grew its stake in FMC by 85.7% in the 3rd quarter. First National Bank of Omaha now owns 33,935 shares of the basic materials company’s stock valued at $2,238,000 after buying an additional 15,662 shares during the last quarter. 91.86% of the stock is owned by institutional investors.

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.