Sei Investments Co. Sells 4,429 Shares of FMC Co. (NYSE:FMC)

Sei Investments Co. cut its holdings in shares of FMC Co. (NYSE:FMC) by 5.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,549 shares of the basic materials company’s stock after selling 4,429 shares during the period. Sei Investments Co. owned about 0.07% of FMC worth $4,751,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Norden Group LLC bought a new position in FMC in the 1st quarter valued at $4,700,000. Leeward Investments LLC MA boosted its position in FMC by 62.8% in the 1st quarter. Leeward Investments LLC MA now owns 193,156 shares of the basic materials company’s stock valued at $12,304,000 after buying an additional 74,529 shares during the last quarter. Invenomic Capital Management LP bought a new position in FMC in the 4th quarter valued at $18,815,000. SG Americas Securities LLC boosted its position in FMC by 396.9% in the 1st quarter. SG Americas Securities LLC now owns 70,268 shares of the basic materials company’s stock valued at $4,476,000 after buying an additional 56,128 shares during the last quarter. Finally, Royal London Asset Management Ltd. boosted its position in FMC by 2.2% in the 4th quarter. Royal London Asset Management Ltd. now owns 49,181 shares of the basic materials company’s stock valued at $3,101,000 after buying an additional 1,082 shares during the last quarter. 91.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on FMC. BMO Capital Markets increased their price objective on FMC from $60.00 to $65.00 and gave the company a “market perform” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. increased their price objective on FMC from $50.00 to $59.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Barclays increased their price target on FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. KeyCorp cut their price target on FMC from $81.00 to $79.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Finally, Redburn Atlantic raised FMC from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $68.47.

FMC Price Performance

FMC stock opened at $65.68 on Wednesday. The company has a market capitalization of $8.20 billion, a price-to-earnings ratio of 7.33, a PEG ratio of 1.57 and a beta of 0.85. The company has a current ratio of 1.48, a quick ratio of 1.07 and a debt-to-equity ratio of 0.66. FMC Co. has a 12 month low of $49.49 and a 12 month high of $68.72. The stock’s 50 day moving average is $62.70 and its 200-day moving average is $60.73.

FMC (NYSE:FMC) last posted its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.08. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.03 billion. FMC had a return on equity of 7.52% and a net margin of 33.97%. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.50 EPS. Equities research analysts expect that FMC Co. will post 3.41 EPS for the current year.

FMC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $2.32 dividend on an annualized basis and a yield of 3.53%. FMC’s payout ratio is 25.89%.

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.