Everpar Advisors LLC Makes New $357,000 Investment in FMC Co. (NYSE:FMC)

Everpar Advisors LLC acquired a new position in shares of FMC Co. (NYSE:FMC) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 5,667 shares of the basic materials company’s stock, valued at approximately $357,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. CVA Family Office LLC acquired a new stake in shares of FMC during the 4th quarter worth $31,000. Quintet Private Bank Europe S.A. acquired a new stake in shares of FMC during the 3rd quarter worth $33,000. Financial Connections Group Inc. acquired a new stake in shares of FMC during the 4th quarter worth $31,000. Spire Wealth Management increased its holdings in shares of 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 buying an additional 299 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in shares of FMC by 50.0% during 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. 91.86% of the stock is currently owned by institutional investors and hedge funds.

FMC Stock Down 2.9 %

Shares of NYSE FMC traded down $1.92 during midday trading on Wednesday, reaching $64.83. 2,705,738 shares of the company’s stock were exchanged, compared to its average volume of 1,990,886. FMC Co. has a 52-week low of $49.49 and a 52-week high of $112.10. The stock has a market capitalization of $8.09 billion, a PE ratio of 6.17, a price-to-earnings-growth ratio of 1.99 and a beta of 0.88. 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 fifty day moving average price is $60.71 and its two-hundred day moving average price is $57.79.

FMC (NYSE:FMC) last announced its earnings results on Monday, May 6th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. FMC had a return on equity of 12.98% and a net margin of 29.45%. The business had revenue of $918.00 million for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the company earned $1.77 earnings per share. The company’s revenue for the quarter was down 31.7% compared to the same quarter last year. Analysts forecast that FMC Co. will post 3.88 EPS for the current year.

FMC Dividend Announcement

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

Insider Transactions at FMC

In other news, CFO Andrew D. Sandifer acquired 2,150 shares of FMC stock in a transaction that occurred on Monday, March 4th. The shares were purchased at an average cost of $59.22 per share, for a total transaction of $127,323.00. Following the completion of the purchase, the chief financial officer now directly owns 50,088 shares of the company’s stock, valued at approximately $2,966,211.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on FMC shares. Wells Fargo & Company upped their price objective on FMC from $65.00 to $68.00 and gave the stock an “equal weight” rating in a report on Wednesday. Mizuho increased their price target on FMC from $55.00 to $57.00 and gave the company a “neutral” rating in a report on Tuesday. Royal Bank of Canada lowered 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. Finally, BMO Capital Markets lowered 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. 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 company. According to data from MarketBeat.com, FMC presently has a consensus rating of “Hold” and an average price target of $71.69.

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.