Xponance Inc. Has $503,000 Holdings in FMC Co. (NYSE:FMC)

Xponance Inc. decreased its stake in FMC Co. (NYSE:FMC) by 6.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,346 shares of the basic materials company’s stock after selling 755 shares during the quarter. Xponance Inc.’s holdings in FMC were worth $503,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of FMC. Millburn Ridgefield Corp lifted its holdings in shares of FMC by 186.2% during the third quarter. Millburn Ridgefield Corp now owns 498 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 324 shares during the period. First Horizon Advisors Inc. lifted its holdings in FMC by 90.8% during the 3rd quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 246 shares during the last quarter. Golden State Wealth Management LLC bought a new position in FMC during the 4th quarter valued at about $29,000. EverSource Wealth Advisors LLC boosted its position in FMC by 217.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company’s stock valued at $36,000 after buying an additional 511 shares in the last quarter. Finally, Brooklyn Investment Group bought a new stake in FMC during the third quarter worth about $52,000. 91.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on FMC shares. Redburn Atlantic downgraded FMC from a “buy” rating to a “neutral” rating and set a $49.00 target price on the stock. in a report on Friday, February 14th. Vertical Research raised FMC to a “hold” rating in a research note on Wednesday, February 5th. Bank of America restated an “underperform” rating and set a $48.00 target price (down previously from $61.00) on shares of FMC in a report on Wednesday, February 5th. Royal Bank of Canada cut shares of FMC from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from $78.00 to $47.00 in a research note on Wednesday, February 5th. Finally, Citigroup boosted their price objective on shares of FMC from $55.00 to $61.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, FMC currently has a consensus rating of “Hold” and a consensus price target of $51.15.

FMC Trading Down 1.5 %

NYSE:FMC opened at $41.13 on Wednesday. The company has a current ratio of 1.64, a quick ratio of 1.24 and a debt-to-equity ratio of 0.67. FMC Co. has a 1-year low of $33.80 and a 1-year high of $68.72. The firm has a market capitalization of $5.14 billion, a price-to-earnings ratio of 15.12, a PEG ratio of 1.90 and a beta of 0.93. The business’s 50-day moving average price is $43.67 and its two-hundred day moving average price is $53.15.

FMC (NYSE:FMC) last announced its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.14. FMC had a net margin of 8.03% and a return on equity of 9.67%. On average, equities analysts expect that FMC Co. will post 3.48 earnings per share for the current year.

FMC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be paid a $0.58 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.32 dividend on an annualized basis and a yield of 5.64%. FMC’s payout ratio is 85.29%.

Insiders Place Their Bets

In other FMC news, Director Carol Anthony Davidson acquired 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average cost of $37.33 per share, for a total transaction of $223,980.00. Following the transaction, the director now owns 6,000 shares of the company’s stock, valued at $223,980. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael Finian Reilly sold 2,958 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $55.25, for a total transaction of $163,429.50. Following the sale, the executive vice president now owns 25,468 shares in the company, valued at $1,407,107. This trade represents a 10.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.85% of the company’s stock.

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.