Retirement Systems of Alabama Sells 707 Shares of FMC Co. (NYSE:FMC)

Retirement Systems of Alabama lessened its holdings in shares of FMC Co. (NYSE:FMC) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,496 shares of the basic materials company’s stock after selling 707 shares during the quarter. Retirement Systems of Alabama’s holdings in FMC were worth $1,734,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Cable Hill Partners LLC lifted its position in FMC by 5.1% in the 3rd quarter. Cable Hill Partners LLC now owns 3,696 shares of the basic materials company’s stock worth $248,000 after buying an additional 179 shares during the last quarter. Keybank National Association OH lifted its position in FMC by 4.3% in the 3rd quarter. Keybank National Association OH now owns 5,088 shares of the basic materials company’s stock worth $341,000 after buying an additional 208 shares during the last quarter. Treasurer of the State of North Carolina lifted its position in FMC by 0.4% in the 3rd quarter. Treasurer of the State of North Carolina now owns 56,427 shares of the basic materials company’s stock worth $3,779,000 after buying an additional 210 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in 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 buying an additional 228 shares during the last quarter. Finally, WealthPLAN Partners LLC lifted its position in FMC by 2.5% in the 4th quarter. WealthPLAN Partners LLC now owns 11,917 shares of the basic materials company’s stock worth $751,000 after buying an additional 285 shares during the last quarter. Institutional investors own 91.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on FMC. Bank of America cut FMC from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $60.00 to $57.00 in a research note on Tuesday, January 16th. Mizuho lifted their price target on FMC from $55.00 to $57.00 and gave the stock a “neutral” rating in a research note on Tuesday. BMO Capital Markets decreased their price target on FMC from $63.00 to $61.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 7th. BNP Paribas cut FMC from an “outperform” rating to a “neutral” rating and set a $56.00 price target on the stock. in a research note on Wednesday, February 7th. Finally, Wolfe Research began coverage on FMC in a research note on Friday, March 1st. They issued a “peer perform” rating on the stock. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $71.69.

Insider Transactions at FMC

In related news, CFO Andrew D. Sandifer purchased 2,150 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were purchased at an average cost of $59.22 per share, with a total value of $127,323.00. Following the transaction, the chief financial officer now directly owns 50,088 shares in the company, valued at approximately $2,966,211.36. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.81% of the company’s stock.

FMC Stock Down 2.9 %

Shares of FMC stock opened at $64.83 on Thursday. FMC Co. has a 1 year low of $49.49 and a 1 year high of $112.10. The firm has a market cap of $8.09 billion, a price-to-earnings ratio of 6.16, a PEG ratio of 1.99 and a beta of 0.88. The company has a 50-day moving average of $60.99 and a 200 day moving average of $57.84. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.52 and a quick ratio of 1.01.

FMC (NYSE:FMC) last released its earnings results on Monday, May 6th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. FMC had a net margin of 29.45% and a return on equity of 12.98%. The firm had revenue of $918.00 million during the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the business earned $1.77 earnings per share. The business’s revenue was down 31.7% on a year-over-year basis. As a group, sell-side analysts anticipate that FMC Co. will post 3.88 earnings per share for the current fiscal year.

FMC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Friday, June 28th will be given a $0.58 dividend. The ex-dividend date is Friday, June 28th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.58%. FMC’s dividend payout ratio is currently 22.03%.

About FMC

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.