Ieq Capital LLC Sells 1,979 Shares of FMC Co. (NYSE:FMC)

Ieq Capital LLC decreased its holdings in shares of FMC Co. (NYSE:FMC) by 11.0% in the fourth quarter, Holdings Channel reports. The firm owned 15,947 shares of the basic materials company’s stock after selling 1,979 shares during the quarter. Ieq Capital LLC’s holdings in FMC were worth $775,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Kentucky Retirement Systems Insurance Trust Fund increased its holdings in shares of FMC by 27.7% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 4,720 shares of the basic materials company’s stock valued at $229,000 after purchasing an additional 1,024 shares in the last quarter. D.A. Davidson & CO. increased its holdings in shares of FMC by 3.6% in the fourth quarter. D.A. Davidson & CO. now owns 14,324 shares of the basic materials company’s stock valued at $696,000 after purchasing an additional 497 shares in the last quarter. CIBC Asset Management Inc increased its holdings in shares of FMC by 2.3% in the fourth quarter. CIBC Asset Management Inc now owns 17,826 shares of the basic materials company’s stock valued at $867,000 after purchasing an additional 393 shares in the last quarter. Principal Securities Inc. grew its holdings in FMC by 34.7% during the 4th quarter. Principal Securities Inc. now owns 990 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 255 shares during the period. Finally, WealthPlan Investment Management LLC grew its holdings in FMC by 10.2% during the 4th quarter. WealthPlan Investment Management LLC now owns 37,946 shares of the basic materials company’s stock worth $1,845,000 after acquiring an additional 3,504 shares during the period. Institutional investors and hedge funds own 91.86% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Royal Bank of Canada cut shares of FMC from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from $78.00 to $47.00 in a research report on Wednesday, February 5th. 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. Redburn Atlantic cut shares of FMC from a “buy” rating to a “neutral” rating and set a $49.00 price target on the stock. in a research report on Friday, February 14th. BMO Capital Markets reduced their price target on shares of FMC from $62.00 to $50.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 5th. Finally, UBS Group cut shares of FMC from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $66.00 to $38.00 in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, FMC has an average rating of “Hold” and an average target price of $52.23.

FMC Trading Up 0.7 %

FMC stock opened at $38.25 on Wednesday. The firm has a 50-day moving average of $47.42 and a 200-day moving average of $56.40. FMC Co. has a one year low of $33.80 and a one year high of $68.72. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.64 and a quick ratio of 1.24. The company has a market cap of $4.77 billion, a price-to-earnings ratio of 14.06, a P/E/G ratio of 1.90 and a beta of 0.84.

FMC (NYSE:FMC) last posted its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $1.79 EPS 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%. On average, equities analysts expect that FMC Co. will post 3.48 earnings per share for the current fiscal year.

FMC Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Tuesday, December 31st were issued a $0.58 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.32 dividend on an annualized basis and a dividend yield of 6.07%. FMC’s payout ratio is 85.29%.

Insider Activity

In other FMC news, EVP Michael Finian Reilly sold 2,958 shares of the stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $55.25, for a total value of $163,429.50. Following the transaction, the executive vice president now directly owns 25,468 shares of the company’s stock, valued at $1,407,107. This represents a 10.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.81% of the stock is owned by 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.