Boston Partners Sells 21,812 Shares of FMC Co. (NYSE:FMC)

Boston Partners lowered its holdings in FMC Co. (NYSE:FMC) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 902,017 shares of the basic materials company’s stock after selling 21,812 shares during the period. Boston Partners owned approximately 0.72% of FMC worth $43,884,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Millburn Ridgefield Corp raised its position in shares of FMC by 186.2% in the third 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 during the period. First Horizon Advisors Inc. raised its position in shares of FMC by 90.8% in 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 period. Golden State Wealth Management LLC bought a new stake in shares of FMC in the fourth quarter valued at approximately $29,000. EverSource Wealth Advisors LLC raised its position in shares of FMC by 217.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 511 shares during the period. Finally, Brooklyn Investment Group bought a new stake in shares of FMC in the third quarter valued at approximately $52,000. Institutional investors own 91.86% of the company’s stock.

Insider Activity at FMC

In related news, EVP Michael Finian Reilly sold 2,958 shares of the company’s stock in a transaction on 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 sale, the executive vice president now directly 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 filing with the SEC, which is available through this link. Also, insider Ronaldo Pereira purchased 5,600 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average price of $35.77 per share, with a total value of $200,312.00. Following the completion of the acquisition, the insider now directly owns 48,837 shares in the company, valued at $1,746,899.49. The trade was a 12.95 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.85% of the stock is currently owned by company insiders.

FMC Price Performance

Shares of FMC stock opened at $43.25 on Thursday. FMC Co. has a 52-week low of $33.80 and a 52-week high of $68.72. The stock has a market capitalization of $5.40 billion, a price-to-earnings ratio of 15.90, a price-to-earnings-growth ratio of 1.90 and a beta of 0.93. The company has a fifty day moving average of $44.44 and a 200-day moving average of $53.81. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.24 and a current ratio of 1.64.

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

FMC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be issued a dividend of $0.58 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.32 dividend on an annualized basis and a yield of 5.36%. FMC’s dividend payout ratio is currently 85.29%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Citigroup boosted their price objective on shares of FMC from $55.00 to $61.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. BMO Capital Markets reduced their price objective on shares of FMC from $62.00 to $50.00 and set a “market perform” rating for the company in a research note on Wednesday, February 5th. Royal Bank of Canada cut shares of FMC from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from $78.00 to $47.00 in a research note on Wednesday, February 5th. Barclays reduced their price objective on shares of FMC from $65.00 to $48.00 and set an “overweight” rating for the company in a research note on Friday, February 7th. Finally, Mizuho reduced their price objective on shares of FMC from $70.00 to $55.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $51.15.

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.