Orion Portfolio Solutions LLC Purchases 333 Shares of FMC Co. (NYSE:FMC)

Orion Portfolio Solutions LLC boosted its position in shares of FMC Co. (NYSE:FMC) by 2.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,013 shares of the basic materials company’s stock after acquiring an additional 333 shares during the period. Orion Portfolio Solutions LLC’s holdings in FMC were worth $924,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of FMC. Millburn Ridgefield Corp grew its position 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 valued at $33,000 after purchasing an additional 324 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in FMC by 90.8% during the third quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock valued at $34,000 after buying an additional 246 shares during the period. Mather Group LLC. grew its position in FMC by 250.6% during the third quarter. Mather Group LLC. now owns 554 shares of the basic materials company’s stock worth $37,000 after buying an additional 396 shares in the last quarter. UMB Bank n.a. increased its stake in FMC by 56.9% in the 2nd quarter. UMB Bank n.a. now owns 678 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 246 shares during the last quarter. Finally, Peterson Financial Group Inc. purchased a new stake in shares of FMC in the 3rd quarter valued at about $51,000. Institutional investors own 91.86% of the company’s stock.

FMC Price Performance

FMC stock opened at $53.50 on Monday. The firm has a market cap of $6.68 billion, a P/E ratio of 4.60, a P/E/G ratio of 1.48 and a beta of 0.80. The firm’s fifty day moving average is $59.83 and its 200 day moving average is $60.17. FMC Co. has a 52 week low of $50.03 and a 52 week high of $68.72. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.09 and a current ratio of 1.48.

FMC (NYSE:FMC) last posted its quarterly earnings results on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.20. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.04 billion. FMC had a net margin of 34.93% and a return on equity of 7.68%. The company’s revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.44 earnings per share. Research analysts predict that FMC Co. will post 3.35 earnings per share for the current year.

FMC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Tuesday, December 31st will be paid a $0.58 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $2.32 dividend on an annualized basis and a yield of 4.34%. FMC’s dividend payout ratio (DPR) is currently 19.97%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Citigroup initiated coverage on FMC in a report on Wednesday, October 23rd. They set a “neutral” rating and a $67.00 price objective for the company. Mizuho boosted their price target on shares of FMC from $64.00 to $70.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Finally, Royal Bank of Canada increased their price target on shares of FMC from $78.00 to $81.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $68.00.

Insiders Place Their Bets

In other FMC news, VP Jacqueline Scanlan sold 4,529 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $59.67, for a total value of $270,245.43. Following the transaction, the vice president now owns 28,649 shares in the company, valued at approximately $1,709,485.83. The trade was a 13.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.85% of the company’s stock.

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.