FMC Co. (NYSE:FMC) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its holdings in FMC Co. (NYSE:FMC) by 3.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 20,645 shares of the basic materials company’s stock after selling 669 shares during the period. Victory Capital Management Inc.’s holdings in FMC were worth $1,004,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new stake in shares of FMC during the 4th quarter worth about $29,000. Millburn Ridgefield Corp boosted its stake in shares of FMC by 186.2% during the 3rd quarter. Millburn Ridgefield Corp now owns 498 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 324 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in shares of FMC by 90.8% during the 3rd quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 246 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 purchasing an additional 379 shares during the last quarter. Finally, Principal Securities Inc. boosted its stake 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. 91.86% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Ronaldo Pereira purchased 5,600 shares of FMC stock in a transaction dated Tuesday, March 4th. The stock was bought at an average price of $35.77 per share, with a total value of $200,312.00. Following the completion of the acquisition, the insider now owns 48,837 shares in the company, valued at $1,746,899.49. The trade was a 12.95 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael Finian Reilly sold 2,958 shares of the business’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $55.25, for a total transaction of $163,429.50. Following the transaction, the executive vice president now directly owns 25,468 shares of the company’s stock, valued at approximately $1,407,107. This trade represents a 10.41 % decrease in their position. The disclosure for this sale can be found here. 0.85% of the stock is currently owned by corporate insiders.

FMC Stock Down 2.2 %

FMC stock opened at $42.26 on Friday. FMC Co. has a twelve month low of $33.80 and a twelve month high of $68.72. The company has a current ratio of 1.64, a quick ratio of 1.24 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $5.28 billion, a P/E ratio of 15.54, a PEG ratio of 1.90 and a beta of 0.93. The firm has a 50 day simple moving average of $44.28 and a 200-day simple moving average of $53.72.

FMC (NYSE:FMC) last released its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $1.79 EPS 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, equities research analysts predict that FMC Co. will post 3.48 earnings per share for the current fiscal year.

FMC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 5.49%. The ex-dividend date of this dividend is Monday, March 31st. FMC’s dividend payout ratio is presently 85.29%.

Analyst Ratings Changes

Several research firms recently issued reports on FMC. KeyCorp decreased their target price on shares of FMC from $55.00 to $51.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. Redburn Atlantic lowered shares of FMC from a “buy” rating to a “neutral” rating and set a $49.00 price target on the stock. in a report on Friday, February 14th. Royal Bank of Canada lowered shares of FMC from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $78.00 to $47.00 in a report on Wednesday, February 5th. 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 report on Friday, February 7th. Finally, Wells Fargo & Company restated a “cautious” rating on shares of FMC in a report on Thursday, March 6th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target 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.