Van ECK Associates Corp Sells 64,824 Shares of FMC Co. (NYSE:FMC)

Van ECK Associates Corp trimmed its position in shares of FMC Co. (NYSE:FMC) by 19.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 276,782 shares of the basic materials company’s stock after selling 64,824 shares during the quarter. Van ECK Associates Corp owned approximately 0.22% of FMC worth $17,451,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FMC. Cable Hill Partners LLC grew its stake in FMC by 5.1% in the third quarter. Cable Hill Partners LLC now owns 3,696 shares of the basic materials company’s stock worth $248,000 after purchasing an additional 179 shares during the period. Keybank National Association OH grew its position in shares of FMC by 4.3% in the 3rd quarter. Keybank National Association OH now owns 5,088 shares of the basic materials company’s stock worth $341,000 after buying an additional 208 shares during the period. Treasurer of the State of North Carolina increased its stake in shares of FMC by 0.4% in the 3rd quarter. Treasurer of the State of North Carolina now owns 56,427 shares of the basic materials company’s stock worth $3,779,000 after acquiring an additional 210 shares in the last quarter. AE Wealth Management LLC lifted its position in FMC by 5.7% during the 3rd quarter. AE Wealth Management LLC now owns 4,130 shares of the basic materials company’s stock valued at $277,000 after acquiring an additional 223 shares during the period. Finally, Parkside Financial Bank & Trust boosted its stake in FMC by 50.0% during the third quarter. Parkside Financial Bank & Trust now owns 684 shares of the basic materials company’s stock worth $46,000 after acquiring an additional 228 shares in the last quarter. Hedge funds and other institutional investors own 91.86% of the company’s stock.

FMC Stock Down 2.1 %

Shares of FMC stock opened at $57.77 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.52 and a debt-to-equity ratio of 0.68. FMC Co. has a twelve month low of $49.49 and a twelve month high of $121.54. The company has a market cap of $7.21 billion, a price-to-earnings ratio of 5.49, a price-to-earnings-growth ratio of 1.90 and a beta of 0.88. The company’s 50 day moving average is $59.77 and its 200 day moving average is $57.95.

FMC (NYSE:FMC) last released its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.01). FMC had a return on equity of 12.98% and a net margin of 29.45%. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter last year, the business earned $2.37 earnings per share. Research analysts anticipate that FMC Co. will post 3.88 EPS for the current year.

FMC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Friday, June 28th will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 4.02%. The ex-dividend date of this dividend is Friday, June 28th. FMC’s payout ratio is currently 22.03%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Wolfe Research started coverage on shares of FMC in a research note on Friday, March 1st. They set a “peer perform” rating for the company. BMO Capital Markets reduced their price objective on FMC from $63.00 to $61.00 and set a “market perform” rating for the company in a research report on Wednesday, February 7th. Roth Mkm initiated coverage on FMC in a report on Thursday, January 4th. They issued a “buy” rating and a $74.00 target price on the stock. Mizuho reduced their price target on FMC from $59.00 to $55.00 and set a “neutral” rating for the company in a report on Tuesday, February 6th. Finally, KeyCorp lifted their price target on FMC from $76.00 to $79.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 9th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, FMC presently has a consensus rating of “Hold” and a consensus target price of $71.75.

Insider Transactions at FMC

In other FMC news, CFO Andrew D. Sandifer bought 2,150 shares of FMC stock in a transaction on Monday, March 4th. The stock was acquired at an average cost of $59.22 per share, with a total value of $127,323.00. Following the completion of the acquisition, the chief financial officer now owns 50,088 shares in the company, valued at $2,966,211.36. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.85% of the company’s stock.

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.