Amalgamated Bank Buys 1,350 Shares of FMC Co. (NYSE:FMC)

Amalgamated Bank lifted its holdings in FMC Co. (NYSE:FMCFree Report) by 4.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,212 shares of the basic materials company’s stock after buying an additional 1,350 shares during the quarter. Amalgamated Bank’s holdings in FMC were worth $2,224,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Manning & Napier Group LLC lifted its position in shares of FMC by 58.9% during the third quarter. Manning & Napier Group LLC now owns 2,249,633 shares of the basic materials company’s stock worth $150,658,000 after purchasing an additional 833,845 shares in the last quarter. Exencial Wealth Advisors LLC acquired a new stake in shares of FMC in the 3rd quarter valued at $664,000. Speece Thorson Capital Group Inc. raised its position in shares of FMC by 17.0% during the second quarter. Speece Thorson Capital Group Inc. now owns 124,317 shares of the basic materials company’s stock worth $12,971,000 after acquiring an additional 18,019 shares during the last quarter. Barclays PLC raised its position in shares of FMC by 13.3% during the third quarter. Barclays PLC now owns 307,508 shares of the basic materials company’s stock worth $20,595,000 after acquiring an additional 36,069 shares during the last quarter. Finally, New South Capital Management Inc. lifted its stake in shares of FMC by 8.3% during the third quarter. New South Capital Management Inc. now owns 591,722 shares of the basic materials company’s stock valued at $39,628,000 after acquiring an additional 45,595 shares during the period. Institutional investors and hedge funds own 86.91% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on FMC shares. Royal Bank of Canada dropped their price objective on FMC from $61.00 to $59.00 and set an “outperform” rating for the company in a report on Thursday, February 8th. UBS Group raised their price objective on shares of FMC from $59.00 to $61.00 and gave the company a “neutral” rating in a research note on Thursday, January 11th. BNP Paribas cut shares of FMC from an “outperform” rating to a “neutral” rating and set a $56.00 target price for the company. in a research report on Wednesday, February 7th. StockNews.com raised FMC from a “sell” rating to a “hold” rating in a research note on Wednesday, February 7th. Finally, Mizuho decreased their price objective on FMC from $59.00 to $55.00 and set a “neutral” rating for the company in a research note on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, FMC currently has an average rating of “Hold” and a consensus price target of $74.53.

View Our Latest Stock Analysis on FMC

Insiders Place Their Bets

In other news, Director Robert C. Pallash acquired 3,845 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The stock was acquired at an average cost of $52.48 per share, for a total transaction of $201,785.60. Following the completion of the acquisition, the director now owns 47,871 shares in the company, valued at $2,512,270.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.85% of the company’s stock.

FMC Trading Up 3.6 %

NYSE FMC opened at $53.61 on Tuesday. FMC Co. has a one year low of $49.49 and a one year high of $131.77. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.52 and a quick ratio of 1.01. The firm has a market cap of $6.69 billion, a P/E ratio of 5.09, a P/E/G ratio of 1.63 and a beta of 0.88. The stock’s 50-day moving average is $58.55 and its 200-day moving average is $65.92.

FMC (NYSE:FMCGet Free Report) last announced its earnings results on Tuesday, February 6th. The basic materials company reported $1.07 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.01). The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.25 billion. FMC had a return on equity of 12.98% and a net margin of 29.45%. During the same quarter last year, the business posted $2.37 earnings per share. Sell-side analysts anticipate that FMC Co. will post 3.97 earnings per share for the current fiscal year.

FMC Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 18th. Investors of record on Friday, December 29th were paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date was Thursday, December 28th. FMC’s payout ratio is presently 22.03%.

About FMC

(Free Report)

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.

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Institutional Ownership by Quarter for FMC (NYSE:FMC)

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