AGF Management Ltd. Sells 4,482 Shares of FMC Co. (NYSE:FMC)

AGF Management Ltd. decreased its position in FMC Co. (NYSE:FMC) by 9.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 43,138 shares of the basic materials company’s stock after selling 4,482 shares during the period. AGF Management Ltd.’s holdings in FMC were worth $2,097,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Commerce Bank lifted its stake in FMC by 3.7% in the 3rd quarter. Commerce Bank now owns 5,135 shares of the basic materials company’s stock valued at $339,000 after acquiring an additional 183 shares in the last quarter. WP Advisors LLC lifted its stake in FMC by 3.3% in the 4th quarter. WP Advisors LLC now owns 6,193 shares of the basic materials company’s stock valued at $301,000 after acquiring an additional 200 shares in the last quarter. International Private Wealth Advisors LLC raised its stake in shares of FMC by 3.8% during the 4th quarter. International Private Wealth Advisors LLC now owns 5,604 shares of the basic materials company’s stock worth $272,000 after purchasing an additional 205 shares in the last quarter. Blue Trust Inc. raised its stake in shares of FMC by 9.9% during the 4th quarter. Blue Trust Inc. now owns 2,620 shares of the basic materials company’s stock worth $127,000 after purchasing an additional 236 shares in the last quarter. Finally, First Horizon Advisors Inc. raised 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 in the last quarter. Institutional investors own 91.86% of the company’s stock.

FMC Stock Up 3.5 %

FMC opened at $41.78 on Friday. FMC Co. has a fifty-two week low of $33.80 and a fifty-two week high of $68.72. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.24 and a current ratio of 1.64. The company has a market capitalization of $5.22 billion, a P/E ratio of 15.36, a P/E/G ratio of 1.90 and a beta of 0.93. The stock has a fifty day moving average of $44.89 and a 200-day moving average of $54.34.

FMC (NYSE:FMC) last posted its earnings results on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share for the quarter, topping 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 EPS for the current year.

FMC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 5.55%. The ex-dividend date is Monday, March 31st. FMC’s dividend payout ratio is currently 85.29%.

Insider Transactions at FMC

In related news, insider Ronaldo Pereira purchased 5,600 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average price of $35.77 per share, for a total transaction of $200,312.00. Following the completion of the transaction, the insider now owns 48,837 shares of the company’s stock, valued at approximately $1,746,899.49. This trade represents a 12.95 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Carol Anthony Davidson purchased 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was bought at an average price of $37.33 per share, for a total transaction of $223,980.00. Following the transaction, the director now directly owns 6,000 shares of the company’s stock, valued at $223,980. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 0.85% of the company’s stock.

Analyst Upgrades and Downgrades

FMC has been the topic of a number of analyst reports. UBS Group cut FMC from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $66.00 to $38.00 in a research note on Friday, February 7th. BMO Capital Markets dropped their price objective on FMC from $62.00 to $50.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 5th. Morgan Stanley dropped their price objective on FMC from $70.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Royal Bank of Canada cut FMC from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $78.00 to $47.00 in a research note on Wednesday, February 5th. Finally, Wells Fargo & Company reiterated a “cautious” rating on shares of FMC in a research note on Thursday, March 6th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $52.14.

FMC 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.