Mn Services Vermogensbeheer B.V. Cuts Stake in FMC Co. (NYSE:FMC)

Mn Services Vermogensbeheer B.V. cut its position in FMC Co. (NYSE:FMC) by 3.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 57,400 shares of the basic materials company’s stock after selling 2,200 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in FMC were worth $3,619,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of FMC by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 14,067,888 shares of the basic materials company’s stock valued at $1,850,913,000 after purchasing an additional 258,552 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of FMC by 2.0% in the 1st quarter. BlackRock Inc. now owns 11,637,405 shares of the basic materials company’s stock valued at $1,421,276,000 after buying an additional 228,436 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of FMC by 17.7% in the 3rd quarter. Wellington Management Group LLP now owns 10,881,670 shares of the basic materials company’s stock valued at $728,745,000 after buying an additional 1,634,535 shares in the last quarter. State Street Corp boosted its holdings in shares of FMC by 1.8% in the 1st quarter. State Street Corp now owns 5,683,520 shares of the basic materials company’s stock valued at $697,341,000 after buying an additional 101,627 shares in the last quarter. Finally, Morgan Stanley boosted its holdings in shares of FMC by 29.3% in the 3rd quarter. Morgan Stanley now owns 2,822,117 shares of the basic materials company’s stock valued at $188,997,000 after buying an additional 639,925 shares in the last quarter. 91.86% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Andrew D. Sandifer purchased 2,150 shares of FMC stock in a transaction dated Monday, March 4th. The stock was bought at an average price 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 approximately $2,966,211.36. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.81% of the company’s stock.

FMC Trading Down 2.3 %

FMC opened at $55.43 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.52 and a debt-to-equity ratio of 0.68. The firm’s 50 day moving average is $58.58 and its 200-day moving average is $58.34. The firm has a market capitalization of $6.92 billion, a P/E ratio of 5.26, a P/E/G ratio of 1.83 and a beta of 0.87. FMC Co. has a 52-week low of $49.49 and a 52-week high of $125.20.

FMC (NYSE:FMC) last issued 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 company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter last year, the firm posted $2.37 EPS. Analysts expect that FMC Co. will post 3.88 EPS for the current fiscal year.

FMC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 18th. Stockholders of record on Thursday, March 28th will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 4.19%. The ex-dividend date is Wednesday, March 27th. FMC’s dividend payout ratio (DPR) is 22.03%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on FMC shares. BMO Capital Markets decreased their price target on shares of FMC from $63.00 to $61.00 and set a “market perform” rating for the company in a research note on Wednesday, February 7th. UBS Group upgraded shares of FMC from a “neutral” rating to a “buy” rating and increased their price target for the stock from $61.00 to $84.00 in a research note on Wednesday, March 20th. BNP Paribas cut shares of FMC from an “outperform” rating to a “neutral” rating and set a $56.00 price target for the company. in a research note on Wednesday, February 7th. KeyCorp raised their target price on shares of FMC from $76.00 to $79.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 9th. Finally, Loop Capital raised their target price on shares of FMC from $55.00 to $65.00 and gave the stock a “hold” rating in a research note on Tuesday, March 19th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, FMC currently has a consensus rating of “Hold” and a consensus price target of $71.75.

FMC 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.