FMC Co. (NYSE:FMC) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC trimmed its position in FMC Co. (NYSE:FMC) by 23.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,688 shares of the basic materials company’s stock after selling 5,567 shares during the quarter. Yousif Capital Management LLC’s holdings in FMC were worth $1,178,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. CVA Family Office LLC acquired a new stake in FMC in the fourth quarter valued at $31,000. Quintet Private Bank Europe S.A. purchased a new stake in FMC during the third quarter worth approximately $33,000. Financial Connections Group Inc. acquired a new position in FMC in the fourth quarter valued at approximately $31,000. Spire Wealth Management increased its stake in FMC by 143.1% in the third quarter. Spire Wealth Management now owns 508 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 299 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its holdings in FMC by 50.0% during the third quarter. Parkside Financial Bank & Trust now owns 684 shares of the basic materials company’s stock worth $46,000 after purchasing an additional 228 shares in the last quarter. 91.86% of the stock is owned by hedge funds and other institutional investors.

FMC Trading Up 2.2 %

Shares of FMC stock opened at $61.85 on Friday. The firm has a market cap of $7.72 billion, a price-to-earnings ratio of 5.87, a price-to-earnings-growth ratio of 1.86 and a beta of 0.88. FMC Co. has a 52-week low of $49.49 and a 52-week high of $114.66. The company’s 50-day simple moving average is $60.08 and its 200-day simple moving average is $57.97. The company has a quick ratio of 1.01, a current ratio of 1.52 and a debt-to-equity ratio of 0.68.

FMC (NYSE:FMC) last issued its earnings results on Tuesday, February 6th. The basic materials company reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.01). FMC had a return on equity of 12.98% and a net margin of 29.45%. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same period last year, the company posted $2.37 earnings per share. As a group, equities research analysts anticipate that FMC Co. will post 3.88 earnings per share for the current year.

FMC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Friday, June 28th will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.32 annualized dividend and a dividend yield of 3.75%. FMC’s payout ratio is currently 22.03%.

Insider Transactions at FMC

In related news, CFO Andrew D. Sandifer purchased 2,150 shares of FMC stock in a transaction dated Monday, March 4th. The stock was bought at an average cost of $59.22 per share, for a total transaction of $127,323.00. Following the transaction, the chief financial officer now owns 50,088 shares in the company, valued at $2,966,211.36. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.85% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on FMC shares. UBS Group raised shares of FMC from a “neutral” rating to a “buy” rating and increased their target price for the company from $61.00 to $84.00 in a research report on Wednesday, March 20th. StockNews.com downgraded FMC from a “hold” rating to a “sell” rating in a report on Thursday, April 18th. Loop Capital raised their price target on FMC from $55.00 to $65.00 and gave the stock a “hold” rating in a research note on Tuesday, March 19th. Royal Bank of Canada reduced their price objective on FMC from $61.00 to $59.00 and set an “outperform” rating for the company in a research note on Thursday, February 8th. Finally, Wolfe Research began coverage on FMC in a report on Friday, March 1st. They issued a “peer perform” rating for the company. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $71.75.

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.