Olympiad Research LP Buys Shares of 7,101 FMC Co. (NYSE:FMC)

Olympiad Research LP bought a new stake in shares of FMC Co. (NYSE:FMC) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 7,101 shares of the basic materials company’s stock, valued at approximately $345,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Commerce Bank raised its position in FMC by 3.7% during the 3rd quarter. Commerce Bank now owns 5,135 shares of the basic materials company’s stock valued at $339,000 after purchasing an additional 183 shares in the last quarter. WP Advisors LLC raised its position in FMC by 3.3% during the 4th quarter. WP Advisors LLC now owns 6,193 shares of the basic materials company’s stock valued at $301,000 after purchasing an additional 200 shares in the last quarter. International Private Wealth Advisors LLC raised its position in 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 valued at $272,000 after purchasing an additional 205 shares in the last quarter. Blue Trust Inc. raised its position in FMC by 9.9% during the 4th quarter. Blue Trust Inc. now owns 2,620 shares of the basic materials company’s stock valued at $127,000 after purchasing an additional 236 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its position in FMC by 90.8% during the 3rd 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 in the last quarter. 91.86% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Mizuho cut their price target on FMC from $70.00 to $55.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Barclays cut their price target on FMC from $65.00 to $48.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. Redburn Atlantic downgraded FMC from a “buy” rating to a “neutral” rating and set a $49.00 price target on the stock. in a report on Friday, February 14th. Morgan Stanley cut their price target on FMC from $70.00 to $46.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Finally, Royal Bank of Canada downgraded FMC from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $78.00 to $47.00 in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $52.23.

FMC Stock Up 0.3 %

Shares of FMC stock opened at $38.30 on Friday. FMC Co. has a 1-year low of $33.80 and a 1-year high of $68.72. The stock’s fifty day moving average price is $47.97 and its 200 day moving average price is $56.76. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.64 and a quick ratio of 1.24. The company has a market cap of $4.78 billion, a price-to-earnings ratio of 14.08, a price-to-earnings-growth 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 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.14. FMC had a return on equity of 9.67% and a net margin of 8.03%. On average, research analysts expect that FMC Co. will post 3.48 earnings per share for the current fiscal year.

FMC Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.58 per share. The ex-dividend date was Tuesday, December 31st. This represents a $2.32 annualized dividend and a yield of 6.06%. FMC’s payout ratio is presently 85.29%.

Insider Buying and Selling at FMC

In other FMC news, EVP Michael Finian Reilly sold 2,958 shares of the business’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 approximately $1,407,107. The trade was a 10.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.85% of the company’s stock.

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.