Envestnet Asset Management Inc. Buys 57,360 Shares of FMC Co. (NYSE:FMC)

Envestnet Asset Management Inc. increased its stake in shares of FMC Co. (NYSE:FMC) by 61.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 150,937 shares of the basic materials company’s stock after acquiring an additional 57,360 shares during the quarter. Envestnet Asset Management Inc. owned about 0.12% of FMC worth $7,337,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of FMC. Golden State Wealth Management LLC bought a new position in shares of FMC during the 4th quarter valued at approximately $29,000. EverSource Wealth Advisors LLC lifted its position in FMC by 217.4% during 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. Resona Asset Management Co. Ltd. purchased a new position in shares of FMC in the 4th quarter worth $37,000. IFP Advisors Inc increased its holdings in shares of FMC by 65.3% in 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. raised 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 valued at $48,000 after buying an additional 255 shares in the last quarter. 91.86% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Ronaldo Pereira purchased 5,600 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average price of $35.77 per share, with a total value of $200,312.00. Following the purchase, the insider now directly owns 48,837 shares of the company’s stock, valued at $1,746,899.49. The trade was a 12.95 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available 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 value of $163,429.50. Following the sale, the executive vice president now owns 25,468 shares in the company, valued at approximately $1,407,107. The trade was a 10.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.67% of the company’s stock.

FMC Price Performance

Shares of FMC opened at $37.79 on Monday. 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 fifty-two week low of $32.83 and a fifty-two week high of $68.72. The company has a market cap of $4.72 billion, a P/E ratio of 13.89, a PEG ratio of 1.90 and a beta of 0.83. The firm’s 50 day moving average price is $38.98 and its 200 day moving average price is $49.68.

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

FMC Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 31st were issued a $0.58 dividend. The ex-dividend date was Monday, March 31st. This represents a $2.32 annualized dividend and a dividend yield of 6.14%. FMC’s dividend payout ratio is currently 85.29%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. StockNews.com lowered FMC from a “buy” rating to a “hold” rating in a report on Saturday, February 22nd. Morgan Stanley lowered their target price on shares of FMC from $70.00 to $46.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Royal Bank of Canada lowered shares of FMC from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $78.00 to $47.00 in a research report on Wednesday, February 5th. Vertical Research upgraded FMC to a “hold” rating in a report on Wednesday, February 5th. Finally, Citigroup raised their price target on FMC from $55.00 to $61.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $50.31.

FMC 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.