Legacy Wealth Asset Management LLC Raises Holdings in FMC Co. (NYSE:FMC)

Legacy Wealth Asset Management LLC lifted its holdings in FMC Co. (NYSE:FMC) by 37.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,546 shares of the basic materials company’s stock after purchasing an additional 3,446 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in FMC were worth $610,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of FMC. Park Avenue Securities LLC lifted its stake in FMC by 6.2% during the 4th quarter. Park Avenue Securities LLC now owns 5,024 shares of the basic materials company’s stock valued at $244,000 after acquiring an additional 293 shares during the period. Reinhart Partners LLC. raised its holdings in shares of FMC by 20.9% during the fourth quarter. Reinhart Partners LLC. now owns 227,328 shares of the basic materials company’s stock valued at $11,050,000 after purchasing an additional 39,230 shares during the last quarter. Brookstone Capital Management lifted its position in FMC by 9.4% during the fourth quarter. Brookstone Capital Management now owns 164,887 shares of the basic materials company’s stock valued at $8,015,000 after purchasing an additional 14,197 shares during the period. Czech National Bank boosted its holdings in FMC by 6.5% in the fourth quarter. Czech National Bank now owns 27,072 shares of the basic materials company’s stock worth $1,316,000 after purchasing an additional 1,645 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in FMC by 0.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 43,279 shares of the basic materials company’s stock worth $2,104,000 after purchasing an additional 313 shares during the period. 91.86% of the stock is owned by institutional investors.

FMC Trading Down 0.1 %

FMC stock opened at $53.48 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.48 and a quick ratio of 1.09. FMC Co. has a 1-year low of $47.71 and a 1-year high of $68.72. The business has a 50 day simple moving average of $53.89 and a two-hundred day simple moving average of $58.97. The company has a market capitalization of $6.68 billion, a price-to-earnings ratio of 4.60, a PEG ratio of 0.96 and a beta of 0.83.

FMC (NYSE:FMC) last issued its earnings results on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.20. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.04 billion. FMC had a net margin of 34.93% and a return on equity of 7.68%. FMC’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.44 earnings per share. Research analysts anticipate that FMC Co. will post 3.34 EPS for the current fiscal year.

FMC Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Tuesday, December 31st were given a $0.58 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.34%. FMC’s dividend payout ratio is currently 19.97%.

Insider Activity at FMC

In other FMC news, VP Jacqueline Scanlan sold 4,529 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $59.67, for a total transaction of $270,245.43. Following the completion of the transaction, the vice president now owns 28,649 shares in the company, valued at $1,709,485.83. This trade represents a 13.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.85% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. UBS Group reduced their price objective on FMC from $75.00 to $66.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Mizuho reduced their price target on shares of FMC from $70.00 to $55.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. KeyCorp cut their target price on shares of FMC from $79.00 to $69.00 and set an “overweight” rating for the company in a research report on Thursday, January 2nd. Bank of America upgraded shares of FMC from an “underperform” rating to a “neutral” rating and decreased their price target for the stock from $63.00 to $61.00 in a research report on Tuesday. Finally, Royal Bank of Canada boosted their price objective on shares of FMC from $78.00 to $81.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Eleven investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $63.25.

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.