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

Y Intercept Hong Kong Ltd trimmed its holdings in FMC Co. (NYSE:FMC) by 30.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,357 shares of the basic materials company’s stock after selling 10,173 shares during the period. Y Intercept Hong Kong Ltd’s holdings in FMC were worth $1,135,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Barnett & Company Inc. purchased a new stake in FMC during the 3rd quarter valued at about $2,265,000. Inspire Trust Co. N.A. grew its position in shares of FMC by 18.7% in the third quarter. Inspire Trust Co. N.A. now owns 60,200 shares of the basic materials company’s stock valued at $3,970,000 after purchasing an additional 9,500 shares in the last quarter. Reinhart Partners LLC. increased its holdings in shares of FMC by 20.9% in the fourth quarter. Reinhart Partners LLC. now owns 227,328 shares of the basic materials company’s stock valued at $11,050,000 after purchasing an additional 39,230 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in shares of FMC by 27.8% in the third quarter. Advisors Asset Management Inc. now owns 43,483 shares of the basic materials company’s stock valued at $2,867,000 after purchasing an additional 9,449 shares during the last quarter. Finally, First National Bank of Omaha lifted its position in FMC by 85.7% during the third quarter. First National Bank of Omaha now owns 33,935 shares of the basic materials company’s stock worth $2,238,000 after buying an additional 15,662 shares in the last quarter. 91.86% of the stock is currently owned by institutional investors and hedge funds.

FMC Trading Down 0.1 %

FMC opened at $38.21 on Thursday. FMC Co. has a 52 week low of $33.80 and a 52 week 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 fifty day simple moving average of $47.20 and a 200-day simple moving average of $56.28. The firm has a market cap of $4.77 billion, a P/E ratio of 14.05, a P/E/G ratio of 1.90 and a beta of 0.84.

FMC (NYSE:FMC) last announced its earnings results 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%. On average, equities analysts expect that FMC Co. will post 3.48 earnings per share for the current year.

FMC Announces Dividend

The firm also recently announced 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. 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 currently 85.29%.

Insiders Place Their Bets

In other FMC news, EVP Michael Finian Reilly sold 2,958 shares of the company’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $55.25, for a total transaction of $163,429.50. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.81% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have issued reports on FMC shares. Mizuho cut their target price on FMC from $70.00 to $55.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Barclays cut their price objective on shares of FMC from $65.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday, February 7th. Redburn Atlantic lowered shares of FMC from a “buy” rating to a “neutral” rating and set a $49.00 target price on the stock. in a report on Friday, February 14th. StockNews.com cut shares of FMC from a “buy” rating to a “hold” rating in a research note on Saturday, February 22nd. Finally, BMO Capital Markets reduced their price target on shares of FMC from $62.00 to $50.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $52.23.

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.