Sei Investments Co. Sells 13,138 Shares of FMC Co. (NYSE:FMC)

Sei Investments Co. lessened its stake in shares of FMC Co. (NYSE:FMC) by 13.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,995 shares of the basic materials company’s stock after selling 13,138 shares during the quarter. Sei Investments Co. owned 0.07% of FMC worth $4,277,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Golden State Wealth Management LLC acquired a new stake in shares of FMC during the 4th quarter worth approximately $29,000. Millburn Ridgefield Corp boosted its position in shares of FMC by 186.2% during the third quarter. Millburn Ridgefield Corp now owns 498 shares of the basic materials company’s stock worth $33,000 after buying an additional 324 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of FMC by 217.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 511 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of FMC by 65.3% during the 4th quarter. IFP Advisors Inc now owns 959 shares of the basic materials company’s stock worth $47,000 after buying an additional 379 shares during the last quarter. Finally, Principal Securities Inc. increased its position in shares of 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 purchasing an additional 255 shares during the last quarter. Institutional investors own 91.86% of the company’s stock.

FMC Stock Up 0.9 %

Shares of FMC stock opened at $42.55 on Thursday. The company has a quick ratio of 1.24, a current ratio of 1.64 and a debt-to-equity ratio of 0.67. FMC Co. has a 52 week low of $33.80 and a 52 week high of $68.72. The company’s fifty day simple moving average is $42.28 and its two-hundred day simple moving average is $52.39. The stock has a market cap of $5.31 billion, a P/E ratio of 15.64, a PEG ratio of 1.90 and a beta of 0.93.

FMC (NYSE:FMC) last issued its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.65 by $0.14. FMC had a return on equity of 9.67% and a net margin of 8.03%. Analysts predict that FMC Co. will post 3.48 EPS for the current fiscal year.

FMC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be paid a dividend of $0.58 per share. The ex-dividend date is Monday, March 31st. This represents a $2.32 annualized dividend and a yield of 5.45%. FMC’s dividend payout ratio (DPR) is 85.29%.

Insider Activity at FMC

In other news, Director Carol Anthony Davidson purchased 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The shares were bought at an average price of $37.33 per share, for a total transaction of $223,980.00. Following the completion of the transaction, the director now owns 6,000 shares in the company, valued at $223,980. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Michael Finian Reilly sold 2,958 shares of the business’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $55.25, for a total transaction of $163,429.50. Following the completion of the sale, the executive vice president now directly owns 25,468 shares of the company’s stock, valued at approximately $1,407,107. The trade was a 10.41 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on FMC. Vertical Research upgraded shares of FMC to a “hold” rating in a research report on Wednesday, February 5th. UBS Group cut shares of FMC from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $66.00 to $38.00 in a report on Friday, February 7th. Morgan Stanley cut their price target on FMC from $70.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Bank of America reaffirmed an “underperform” rating and set a $48.00 target price (down from $61.00) on shares of FMC in a report on Wednesday, February 5th. Finally, Barclays cut their price target on shares of FMC from $65.00 to $48.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $51.15.

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.