Atria Wealth Solutions Inc. Buys 744 Shares of FMC Co. (NYSE:FMC)

Atria Wealth Solutions Inc. lifted its stake in shares of FMC Co. (NYSE:FMC) by 12.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,515 shares of the basic materials company’s stock after acquiring an additional 744 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in FMC were worth $414,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. CVA Family Office LLC acquired a new position in shares of FMC in the 4th quarter worth approximately $31,000. Quintet Private Bank Europe S.A. acquired a new position in FMC in the third quarter valued at $33,000. Financial Connections Group Inc. bought a new stake in FMC during the fourth quarter valued at $31,000. Spire Wealth Management grew its holdings in FMC by 143.1% during the 3rd quarter. Spire Wealth Management now owns 508 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 299 shares during the period. Finally, Parkside Financial Bank & Trust raised its position in shares of FMC by 50.0% in the 3rd quarter. Parkside Financial Bank & Trust now owns 684 shares of the basic materials company’s stock worth $46,000 after acquiring an additional 228 shares in the last quarter. 91.86% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other FMC news, CFO Andrew D. Sandifer acquired 2,150 shares of FMC stock in a transaction on Monday, March 4th. The stock was purchased at an average price of $59.22 per share, for a total transaction of $127,323.00. Following the purchase, the chief financial officer now directly owns 50,088 shares of the company’s stock, valued at $2,966,211.36. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.81% of the stock is currently owned by corporate insiders.

FMC Price Performance

Shares of NYSE:FMC opened at $60.98 on Tuesday. FMC Co. has a 1-year low of $49.49 and a 1-year high of $114.66. The company has a current ratio of 1.52, a quick ratio of 1.01 and a debt-to-equity ratio of 0.68. The stock has a market cap of $7.61 billion, a PE ratio of 5.79, a price-to-earnings-growth ratio of 1.99 and a beta of 0.88. The stock’s fifty day simple moving average is $60.27 and its two-hundred day simple moving average is $57.83.

FMC (NYSE:FMC) last released its quarterly earnings results on Monday, May 6th. The basic materials company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.13). FMC had a net margin of 29.45% and a return on equity of 12.98%. The firm had revenue of $918.00 million for the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the previous year, the business earned $1.77 earnings per share. The firm’s revenue for the quarter was down 31.7% on a year-over-year basis. As a group, analysts forecast that FMC Co. will post 3.88 EPS for the current fiscal year.

FMC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Friday, June 28th will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date is Friday, June 28th. FMC’s payout ratio is 22.03%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on FMC shares. Loop Capital raised their target price on FMC from $55.00 to $65.00 and gave the stock a “hold” rating in a research note on Tuesday, March 19th. KeyCorp boosted their target price on shares of FMC from $76.00 to $79.00 and gave the company an “overweight” rating in a research report on Tuesday, April 9th. Bank of America downgraded shares of FMC from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $60.00 to $57.00 in a research note on Tuesday, January 16th. Wolfe Research began coverage on shares of FMC in a report on Friday, March 1st. They set a “peer perform” rating on the stock. Finally, Mizuho reduced their target price on FMC from $59.00 to $55.00 and set a “neutral” rating for the company in a research note on Tuesday, February 6th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price 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.