Redwood Investment Management LLC Grows Stock Position in FMC Co. (NYSE:FMC)

Redwood Investment Management LLC lifted its holdings in FMC Co. (NYSE:FMC) by 8.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,718 shares of the basic materials company’s stock after purchasing an additional 2,593 shares during the period. Redwood Investment Management LLC’s holdings in FMC were worth $1,590,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of FMC. Golden State Wealth Management LLC acquired a new position in FMC in the fourth quarter valued at approximately $29,000. EverSource Wealth Advisors LLC grew its holdings in shares of FMC by 217.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 511 shares during the last quarter. Resona Asset Management Co. Ltd. purchased a new position in shares of FMC during the fourth quarter worth about $37,000. IFP Advisors Inc grew its holdings in shares of FMC by 65.3% during the fourth quarter. IFP Advisors Inc now owns 959 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 379 shares during the last quarter. Finally, Principal Securities Inc. grew its holdings in shares of FMC by 34.7% during the fourth quarter. Principal Securities Inc. now owns 990 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 255 shares during the last quarter. 91.86% of the stock is currently owned by hedge funds and other institutional investors.

FMC Trading Up 5.5%

Shares of NYSE FMC opened at $39.23 on Friday. FMC Co. has a 1-year low of $32.83 and a 1-year high of $68.55. The company has a market cap of $4.90 billion, a PE ratio of 14.42, a P/E/G ratio of 1.90 and a beta of 0.80. The company has a current ratio of 1.64, a quick ratio of 1.24 and a debt-to-equity ratio of 0.67. The company has a 50-day moving average of $39.19 and a two-hundred day moving average of $46.77.

FMC (NYSE:FMC) last issued its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.08 by $0.10. The company had revenue of $791.40 million during the quarter, compared to analysts’ expectations of $783.70 million. FMC had a net margin of 8.03% and a return on equity of 9.67%. FMC’s revenue was down 13.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.36 EPS. As a group, equities analysts expect that FMC Co. will post 3.48 earnings per share for the current fiscal year.

FMC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, June 30th will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 5.91%. The ex-dividend date of this dividend is Monday, June 30th. FMC’s dividend payout ratio (DPR) is 88.55%.

Analyst Upgrades and Downgrades

FMC has been the subject of a number of recent analyst reports. Citigroup raised their price objective on shares of FMC from $55.00 to $61.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Barclays dropped 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. Royal Bank of Canada cut shares of FMC from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $78.00 to $47.00 in a research note on Wednesday, February 5th. The Goldman Sachs Group initiated coverage on shares of FMC in a report on Thursday, March 13th. They issued a “buy” rating and a $51.00 price target on the stock. Finally, BMO Capital Markets reduced their target price on shares of FMC from $62.00 to $50.00 and set a “market perform” rating on the stock in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, FMC currently has a consensus rating of “Hold” and an average target price of $49.46.

Insider Transactions at FMC

In other FMC news, Director Carol Anthony Davidson purchased 6,000 shares of FMC stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average price of $37.33 per share, with a total value of $223,980.00. Following the transaction, the director now owns 6,000 shares in the company, valued at $223,980. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ronaldo Pereira purchased 5,600 shares of FMC stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average cost of $35.77 per share, with a total value of $200,312.00. Following the transaction, the insider now owns 48,837 shares in the company, valued at $1,746,899.49. This trade represents a 12.95% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.67% 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.