American Trust Raises Stock Position in FMC Co. (NYSE:FMC)

American Trust boosted its position in shares of FMC Co. (NYSE:FMC) by 8.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,495 shares of the basic materials company’s stock after acquiring an additional 194 shares during the period. American Trust’s holdings in FMC were worth $305,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of FMC. Neo Ivy Capital Management grew its stake in FMC by 533.3% during the fourth quarter. Neo Ivy Capital Management now owns 228 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 192 shares in the last quarter. Steward Partners Investment Advisory LLC grew its stake in FMC by 68.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 228 shares of the basic materials company’s stock worth $28,000 after buying an additional 93 shares in the last quarter. Compagnie Lombard Odier SCmA purchased a new position in FMC in the 1st quarter worth approximately $33,000. Orion Capital Management LLC purchased a new position in FMC in the 1st quarter worth approximately $40,000. Finally, Trustcore Financial Services LLC grew its stake in FMC by 33.2% in the 4th quarter. Trustcore Financial Services LLC now owns 337 shares of the basic materials company’s stock worth $42,000 after buying an additional 84 shares in the last quarter. Hedge funds and other institutional investors own 86.91% of the company’s stock.

FMC Trading Up 0.1 %

NYSE:FMC opened at $75.65 on Friday. The company has a fifty day moving average of $88.74 and a 200 day moving average of $105.40. FMC Co. has a 52 week low of $73.00 and a 52 week high of $134.38. The company has a quick ratio of 0.96, a current ratio of 1.44 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $9.44 billion, a P/E ratio of 15.41, a P/E/G ratio of 1.57 and a beta of 0.82.

FMC (NYSE:FMC) last posted its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $0.50 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 firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the company earned $1.93 earnings per share. The company’s quarterly revenue was down 30.1% compared to the same quarter last year. On average, research analysts predict that FMC Co. will post 6 earnings per share for the current year.

FMC Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have commented on FMC shares. UBS Group cut shares of FMC from a “buy” rating to a “neutral” rating and cut their price target for the stock from $120.00 to $97.00 in a research note on Tuesday, September 5th. JPMorgan Chase & Co. started coverage on shares of FMC in a research note on Monday, August 21st. They issued a “neutral” rating and a $90.00 price target for the company. Royal Bank of Canada cut their price target on shares of FMC from $135.00 to $105.00 in a research note on Tuesday, July 11th. TheStreet cut shares of FMC from a “b-” rating to a “c+” rating in a research note on Wednesday, July 26th. Finally, Mizuho cut their price target on shares of FMC from $127.00 to $122.00 and set a “buy” rating for the company in a research note on Friday, August 4th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, FMC currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.29.

Insiders Place Their Bets

In related news, EVP Ronaldo Pereira acquired 2,000 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was acquired at an average cost of $75.59 per share, for a total transaction of $151,180.00. Following the acquisition, the executive vice president now owns 21,478 shares of the company’s stock, valued at $1,623,522.02. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Nicholas Pfeiffer acquired 992 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was acquired at an average cost of $75.62 per share, for a total transaction of $75,015.04. Following the acquisition, the insider now owns 13,056 shares of the company’s stock, valued at $987,294.72. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Ronaldo Pereira acquired 2,000 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was bought at an average price of $75.59 per share, with a total value of $151,180.00. Following the completion of the acquisition, the executive vice president now directly owns 21,478 shares in the company, valued at approximately $1,623,522.02. The disclosure for this purchase can be found here. Company insiders own 0.85% of the company’s stock.

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.