Parallel Advisors LLC Reduces Holdings in FMC Corporation $FMC

Parallel Advisors LLC trimmed its position in shares of FMC Corporation (NYSE:FMC) by 32.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,259 shares of the basic materials company’s stock after selling 1,092 shares during the quarter. Parallel Advisors LLC’s holdings in FMC were worth $94,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. New South Capital Management Inc. boosted its stake in FMC by 9.7% during the first quarter. New South Capital Management Inc. now owns 546,041 shares of the basic materials company’s stock worth $23,037,000 after buying an additional 48,431 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of FMC by 608.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 101,731 shares of the basic materials company’s stock worth $4,294,000 after purchasing an additional 87,368 shares during the last quarter. Amalgamated Bank lifted its position in shares of FMC by 56.1% during the first quarter. Amalgamated Bank now owns 37,710 shares of the basic materials company’s stock worth $1,591,000 after purchasing an additional 13,556 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of FMC by 114.8% during the first quarter. GAMMA Investing LLC now owns 4,245 shares of the basic materials company’s stock worth $179,000 after purchasing an additional 2,269 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of FMC by 560.3% during the first quarter. SG Americas Securities LLC now owns 14,982 shares of the basic materials company’s stock worth $632,000 after purchasing an additional 12,713 shares during the last quarter. 91.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on FMC. Wall Street Zen upgraded FMC from a “sell” rating to a “hold” rating in a research report on Saturday, June 14th. Morgan Stanley decreased their target price on FMC from $46.00 to $42.00 and set an “equal weight” rating for the company in a research report on Friday, August 1st. Royal Bank Of Canada decreased their target price on FMC from $47.00 to $42.00 and set a “sector perform” rating for the company in a research report on Friday, August 1st. KeyCorp lifted their target price on FMC from $53.00 to $61.00 and gave the stock an “overweight” rating in a research report on Monday, July 14th. Finally, UBS Group decreased their target price on FMC from $45.00 to $44.00 and set a “neutral” rating for the company in a research report on Thursday, July 31st. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $49.58.

FMC Stock Performance

FMC stock opened at $34.23 on Thursday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.53 and a quick ratio of 1.14. The business has a 50-day moving average price of $38.59 and a 200 day moving average price of $39.79. The company has a market capitalization of $4.28 billion, a P/E ratio of 42.78, a PEG ratio of 1.08 and a beta of 0.76. FMC Corporation has a 1-year low of $32.83 and a 1-year high of $67.75.

FMC (NYSE:FMC) last released its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.10. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $995.15 million. FMC had a return on equity of 9.36% and a net margin of 2.42%.The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.63 earnings per share. FMC has set its Q3 2025 guidance at 0.780-0.980 EPS. FY 2025 guidance at 3.260-3.700 EPS. As a group, equities research analysts forecast that FMC Corporation will post 3.48 EPS for the current fiscal year.

FMC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 16th. Shareholders of record on Tuesday, September 30th will be issued a $0.58 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $2.32 dividend on an annualized basis and a yield of 6.8%. FMC’s payout ratio is currently 290.00%.

Insider Buying and Selling

In other FMC news, VP Jacqueline Scanlan sold 1,510 shares of the business’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $37.49, for a total value of $56,609.90. Following the completion of the transaction, the vice president directly owned 36,834 shares in the company, valued at approximately $1,380,906.66. The trade was a 3.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.67% of the company’s stock.

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.