Wesbanco Bank Inc. Has $259,000 Stock Holdings in FMC Co. (NYSE:FMC)

Wesbanco Bank Inc. lessened its holdings in FMC Co. (NYSE:FMC) by 16.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,326 shares of the basic materials company’s stock after selling 1,049 shares during the period. Wesbanco Bank Inc.’s holdings in FMC were worth $259,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Commerce Bank boosted its position in shares of FMC by 3.7% in the third quarter. Commerce Bank now owns 5,135 shares of the basic materials company’s stock worth $339,000 after buying an additional 183 shares during the period. Dark Forest Capital Management LP boosted its position in FMC by 3.1% during the second quarter. Dark Forest Capital Management LP now owns 6,465 shares of the basic materials company’s stock valued at $372,000 after purchasing an additional 192 shares during the last quarter. First Horizon Advisors Inc. boosted its position 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 purchasing an additional 246 shares during the last quarter. V Square Quantitative Management LLC boosted its position in FMC by 5.9% during the third quarter. V Square Quantitative Management LLC now owns 4,747 shares of the basic materials company’s stock valued at $313,000 after purchasing an additional 265 shares during the last quarter. Finally, CX Institutional boosted its position in FMC by 4.2% during the third quarter. CX Institutional now owns 6,573 shares of the basic materials company’s stock valued at $433,000 after purchasing an additional 266 shares during the last quarter. Institutional investors and hedge funds own 91.86% of the company’s stock.

Insider Activity at FMC

In related news, VP Jacqueline Scanlan sold 4,529 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $59.67, for a total transaction of $270,245.43. Following the transaction, the vice president now directly owns 28,649 shares in the company, valued at $1,709,485.83. The trade was a 13.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.85% of the company’s stock.

FMC Trading Down 0.1 %

FMC stock opened at $55.59 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.09 and a current ratio of 1.48. The business’s 50-day simple moving average is $53.75 and its 200-day simple moving average is $58.94. The firm has a market capitalization of $6.94 billion, a PE ratio of 4.78, a PEG ratio of 1.15 and a beta of 0.83. FMC Co. has a 52 week low of $47.71 and a 52 week high of $68.72.

FMC (NYSE:FMC) last posted its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.20. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.04 billion. FMC had a return on equity of 7.68% and a net margin of 34.93%. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.44 earnings per share. Equities research analysts forecast that FMC Co. will post 3.34 earnings per share for the current year.

FMC Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Tuesday, December 31st were paid a dividend of $0.58 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.32 annualized dividend and a yield of 4.17%. FMC’s dividend payout ratio is 19.97%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Mizuho reduced their price objective on FMC from $70.00 to $55.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Bank of America raised FMC from an “underperform” rating to a “neutral” rating and reduced their price objective for the company from $63.00 to $61.00 in a research report on Tuesday, January 14th. UBS Group reduced their price objective on FMC from $75.00 to $66.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Royal Bank of Canada lifted their price objective on FMC from $78.00 to $81.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, KeyCorp cut their target price on FMC from $79.00 to $69.00 and set an “overweight” rating on the stock in a report on Thursday, January 2nd. Ten equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, FMC has a consensus rating of “Hold” and a consensus target price of $63.25.

About FMC

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.