FMC Co. (NYSE:FMC) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lowered its stake in shares of FMC Co. (NYSE:FMC) by 30.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,357 shares of the basic materials company’s stock after selling 10,173 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in FMC were worth $1,135,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of FMC. Golden State Wealth Management LLC purchased a new stake in FMC during the 4th quarter worth approximately $29,000. Millburn Ridgefield Corp lifted its stake in shares of FMC by 186.2% during the third quarter. Millburn Ridgefield Corp now owns 498 shares of the basic materials company’s stock worth $33,000 after buying an additional 324 shares during the period. First Horizon Advisors Inc. grew its holdings in shares of 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 last quarter. Principal Securities Inc. increased its position in shares of FMC by 34.7% in the 4th quarter. Principal Securities Inc. now owns 990 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 255 shares during the period. Finally, Peterson Financial Group Inc. purchased a new position in FMC in the 3rd quarter worth $51,000. 91.86% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Michael Finian Reilly sold 2,958 shares of the company’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $55.25, for a total transaction of $163,429.50. Following the completion of the transaction, the executive vice president now owns 25,468 shares in the company, valued at $1,407,107. This represents a 10.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on FMC. Redburn Atlantic lowered FMC from a “buy” rating to a “neutral” rating and set a $49.00 price objective on the stock. in a report on Friday, February 14th. StockNews.com downgraded shares of FMC from a “buy” rating to a “hold” rating in a report on Saturday, February 22nd. UBS Group cut shares of FMC from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $66.00 to $38.00 in a research note on Friday, February 7th. Royal Bank of Canada downgraded shares of FMC from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from $78.00 to $47.00 in a report on Wednesday, February 5th. Finally, Vertical Research raised shares of FMC to a “hold” rating in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $52.23.

FMC Price Performance

Shares of FMC stock opened at $38.21 on Thursday. The firm has a market cap of $4.77 billion, a PE ratio of 14.05, a P/E/G ratio of 1.90 and a beta of 0.84. FMC Co. has a twelve month low of $33.80 and a twelve month high of $68.72. The company has a quick ratio of 1.24, a current ratio of 1.64 and a debt-to-equity ratio of 0.67. The business has a 50-day moving average price of $47.20 and a 200 day moving average price of $56.28.

FMC (NYSE:FMC) last posted its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.14. FMC had a return on equity of 9.67% and a net margin of 8.03%. Sell-side analysts predict that FMC Co. will post 3.48 earnings per share for the current fiscal year.

FMC Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 6.07%. The ex-dividend date of this dividend was Tuesday, December 31st. FMC’s payout ratio is 85.29%.

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.