Amalgamated Bank Cuts Stake in FMC Co. (NYSE:FMC)

Amalgamated Bank lowered its stake in shares of FMC Co. (NYSE:FMCGet Rating) by 4.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,252 shares of the basic materials company’s stock after selling 1,476 shares during the period. Amalgamated Bank’s holdings in FMC were worth $4,243,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of FMC. Norges Bank purchased a new stake in shares of FMC during the fourth quarter worth about $265,158,000. BlackRock Inc. boosted its position in FMC by 6.7% during the first quarter. BlackRock Inc. now owns 10,809,549 shares of the basic materials company’s stock worth $1,422,214,000 after acquiring an additional 679,446 shares during the last quarter. Eaton Vance Management boosted its position in FMC by 143.3% during the fourth quarter. Eaton Vance Management now owns 918,089 shares of the basic materials company’s stock worth $100,718,000 after acquiring an additional 540,810 shares during the last quarter. Invesco Ltd. boosted its position in FMC by 41.5% during the first quarter. Invesco Ltd. now owns 1,581,629 shares of the basic materials company’s stock worth $208,094,000 after acquiring an additional 463,542 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in FMC by 5.1% during the first quarter. Wellington Management Group LLP now owns 8,913,651 shares of the basic materials company’s stock worth $1,172,769,000 after acquiring an additional 436,423 shares during the last quarter. Hedge funds and other institutional investors own 87.42% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Mizuho lowered their price target on shares of FMC from $149.00 to $144.00 and set a “buy” rating on the stock in a research report on Thursday, August 4th. UBS Group lowered their price target on shares of FMC from $149.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, July 13th. Bank of America upgraded shares of FMC from an “underperform” rating to a “buy” rating and set a $127.00 target price on the stock in a report on Tuesday, June 21st. They noted that the move was a valuation call. Redburn Partners lowered shares of FMC from a “buy” rating to a “neutral” rating in a report on Monday, June 13th. Finally, StockNews.com lowered shares of FMC from a “buy” rating to a “hold” rating in a report on Saturday, August 27th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, FMC has an average rating of “Moderate Buy” and an average target price of $132.64.

FMC Price Performance

FMC stock opened at $106.32 on Wednesday. The company’s 50 day simple moving average is $108.72 and its 200-day simple moving average is $117.38. The company has a market capitalization of $13.39 billion, a price-to-earnings ratio of 19.54, a price-to-earnings-growth ratio of 1.42 and a beta of 0.84. FMC Co. has a 1 year low of $87.42 and a 1 year high of $140.99. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.99 and a current ratio of 1.38.

FMC (NYSE:FMCGet Rating) last announced its earnings results on Tuesday, August 2nd. The basic materials company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.04. FMC had a net margin of 12.80% and a return on equity of 30.64%. During the same quarter in the prior year, the company posted $1.81 EPS. As a group, equities research analysts expect that FMC Co. will post 7.45 earnings per share for the current year.

FMC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 20th. Investors of record on Friday, September 30th will be paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 1.99%. The ex-dividend date is Thursday, September 29th. FMC’s payout ratio is currently 38.97%.

FMC Company Profile

(Get Rating)

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 include 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.

See Also

Want to see what other hedge funds are holding FMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FMC Co. (NYSE:FMCGet Rating).

Institutional Ownership by Quarter for FMC (NYSE:FMC)

Receive News & Ratings for FMC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FMC and related companies with MarketBeat.com's FREE daily email newsletter.