Quadrant Capital Group LLC Sells 603 Shares of FMC Co. (NYSE:FMC)

Quadrant Capital Group LLC reduced its stake in shares of FMC Co. (NYSE:FMC) by 30.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,386 shares of the basic materials company’s stock after selling 603 shares during the period. Quadrant Capital Group LLC’s holdings in FMC were worth $67,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in FMC during the fourth quarter worth about $49,888,000. Bank of New York Mellon Corp raised its holdings in shares of FMC by 48.9% during the 4th quarter. Bank of New York Mellon Corp now owns 2,088,235 shares of the basic materials company’s stock valued at $101,509,000 after buying an additional 685,995 shares in the last quarter. Brandywine Global Investment Management LLC lifted its position in FMC by 14.9% in the 4th quarter. Brandywine Global Investment Management LLC now owns 1,861,057 shares of the basic materials company’s stock worth $90,466,000 after buying an additional 241,582 shares during the last quarter. Vanguard Group Inc. boosted its stake in FMC by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 15,291,878 shares of the basic materials company’s stock worth $743,338,000 after buying an additional 180,766 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its position in FMC by 50.7% during the fourth quarter. Jones Financial Companies Lllp now owns 427,256 shares of the basic materials company’s stock valued at $20,769,000 after acquiring an additional 143,770 shares during the last quarter. 91.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at FMC

In related news, EVP Michael Finian Reilly sold 2,958 shares of the stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $55.25, for a total value of $163,429.50. Following the completion of the transaction, the executive vice president now directly owns 25,468 shares in the company, valued at $1,407,107. This trade represents a 10.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ronaldo Pereira acquired 5,600 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average cost of $35.77 per share, for a total transaction of $200,312.00. Following the purchase, the insider now directly owns 48,837 shares of the company’s stock, valued at $1,746,899.49. This represents a 12.95 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Redburn Atlantic cut shares of FMC from a “buy” rating to a “neutral” rating and set a $49.00 price objective for the company. in a research note on Friday, February 14th. Morgan Stanley cut their price target on shares of FMC from $70.00 to $46.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Vertical Research raised FMC to a “hold” rating in a research note on Wednesday, February 5th. BMO Capital Markets lowered their target price on FMC from $62.00 to $50.00 and set a “market perform” rating for the company in a research note on Wednesday, February 5th. Finally, StockNews.com lowered FMC from a “buy” rating to a “hold” rating in a research report on Saturday, February 22nd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $51.15.

FMC Stock Down 2.5 %

Shares of FMC stock opened at $36.32 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.24 and a debt-to-equity ratio of 0.67. FMC Co. has a 12-month low of $32.83 and a 12-month high of $68.72. The company has a market cap of $4.54 billion, a P/E ratio of 13.35, a PEG ratio of 1.90 and a beta of 0.83. The company’s fifty day simple moving average is $39.11 and its two-hundred day simple moving average is $50.94.

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

FMC Announces Dividend

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 paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 6.39%. The ex-dividend date is Monday, March 31st. FMC’s payout ratio is presently 85.29%.

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.