Relative Value Partners Group LLC Cuts Stock Position in FMC Co. (NYSE:FMC)

Relative Value Partners Group LLC trimmed its position in shares of FMC Co. (NYSE:FMC) by 59.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,012 shares of the basic materials company’s stock after selling 2,891 shares during the quarter. Relative Value Partners Group LLC’s holdings in FMC were worth $246,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. increased its stake in FMC by 9.6% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 10,326 shares of the basic materials company’s stock worth $1,359,000 after buying an additional 908 shares during the period. Acadian Asset Management LLC purchased a new stake in shares of FMC during the first quarter worth $191,000. Cibc World Market Inc. purchased a new position in FMC in the first quarter valued at $224,000. Prudential PLC acquired a new position in FMC during the 1st quarter worth $383,000. Finally, National Pension Service grew its stake in FMC by 872,245.0% during the 1st quarter. National Pension Service now owns 174,469 shares of the basic materials company’s stock worth $22,955,000 after purchasing an additional 174,449 shares in the last quarter. 86.91% of the stock is owned by institutional investors and hedge funds.

FMC Trading Down 0.8 %

NYSE FMC opened at $75.46 on Friday. FMC Co. has a one year low of $74.81 and a one year high of $134.38. The firm has a market cap of $9.41 billion, a PE ratio of 15.37, a P/E/G ratio of 1.24 and a beta of 0.82. The firm’s fifty day moving average is $91.68 and its two-hundred day moving average is $107.12. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.96 and a current ratio of 1.44.

FMC (NYSE:FMC) last released its earnings results on Wednesday, August 2nd. The basic materials company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.09). FMC had a net margin of 11.60% and a return on equity of 21.97%. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the firm posted $1.93 EPS. The company’s revenue for the quarter was down 30.1% on a year-over-year basis. Analysts expect that FMC Co. will post 6.15 earnings per share for the current year.

FMC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 19th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.58 per share. The ex-dividend date is Thursday, September 28th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.07%. FMC’s dividend payout ratio (DPR) is 47.25%.

Wall Street Analyst Weigh In

FMC has been the subject of a number of analyst reports. JPMorgan Chase & Co. assumed coverage on FMC in a research report on Monday, August 21st. They set a “neutral” rating and a $90.00 price objective for the company. BMO Capital Markets lowered their target price on shares of FMC from $145.00 to $120.00 in a research note on Tuesday, July 11th. Wells Fargo & Company cut FMC from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $142.00 to $102.00 in a research note on Monday, July 24th. StockNews.com started coverage on FMC in a research note on Thursday, August 17th. They set a “hold” rating for the company. Finally, Bank of America dropped their price target on shares of FMC from $139.00 to $122.00 in a research note on Wednesday, July 12th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $119.00.

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 include 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.