Everpar Advisors LLC Takes Position in FMC Co. (NYSE:FMC)

Everpar Advisors LLC bought a new stake in FMC Co. (NYSE:FMC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 5,667 shares of the basic materials company’s stock, valued at approximately $357,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CVA Family Office LLC purchased a new position in shares of FMC in the fourth quarter valued at approximately $31,000. Financial Connections Group Inc. purchased a new position in shares of FMC in the fourth quarter valued at approximately $31,000. Quintet Private Bank Europe S.A. purchased a new position in shares of FMC in the third quarter valued at approximately $33,000. Spire Wealth Management lifted its position in shares of FMC by 143.1% in the third quarter. Spire Wealth Management now owns 508 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 299 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in shares of FMC by 50.0% in the third quarter. Parkside Financial Bank & Trust now owns 684 shares of the basic materials company’s stock valued at $46,000 after purchasing an additional 228 shares during the last quarter. Hedge funds and other institutional investors own 91.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Wells Fargo & Company increased their price target on FMC from $65.00 to $68.00 and gave the company an “equal weight” rating in a report on Wednesday. Royal Bank of Canada cut their price target on FMC from $61.00 to $59.00 and set an “outperform” rating for the company in a report on Thursday, February 8th. KeyCorp increased their price target on FMC from $79.00 to $81.00 and gave the company an “overweight” rating in a report on Wednesday. BMO Capital Markets cut their price target on FMC from $63.00 to $61.00 and set a “market perform” rating for the company in a report on Wednesday, February 7th. Finally, UBS Group raised FMC from a “neutral” rating to a “buy” rating and increased their price target for the company from $61.00 to $84.00 in a report on Wednesday, March 20th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, FMC currently has an average rating of “Hold” and an average price target of $71.69.

FMC Trading Down 2.9 %

Shares of NYSE FMC traded down $1.92 during trading on Wednesday, reaching $64.83. The stock had a trading volume of 2,705,738 shares, compared to its average volume of 1,990,886. FMC Co. has a fifty-two week low of $49.49 and a fifty-two week high of $112.10. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.52. The business’s 50-day moving average price is $60.71 and its 200-day moving average price is $57.79. The company has a market cap of $8.09 billion, a P/E ratio of 6.17, a PEG ratio of 1.99 and a beta of 0.88.

FMC (NYSE:FMC) last issued its quarterly earnings data on Monday, May 6th. The basic materials company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The business had revenue of $918.00 million during the quarter, compared to analysts’ expectations of $1.01 billion. FMC had a return on equity of 12.98% and a net margin of 29.45%. The company’s revenue was down 31.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.77 earnings per share. On average, equities research analysts predict that FMC Co. will post 3.88 EPS for the current fiscal year.

FMC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Friday, June 28th will be issued a $0.58 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.32 dividend on an annualized basis and a yield of 3.58%. FMC’s dividend payout ratio (DPR) is presently 22.03%.

Insider Activity at FMC

In related news, CFO Andrew D. Sandifer bought 2,150 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was purchased at an average cost of $59.22 per share, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.81% of the stock is currently owned by company insiders.

FMC Company 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.