Nisa Investment Advisors LLC Reduces Stake in FMC Co. (NYSE:FMC)

Nisa Investment Advisors LLC lessened its stake in shares of FMC Co. (NYSE:FMC) by 9.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 65,540 shares of the basic materials company’s stock after selling 6,812 shares during the period. Nisa Investment Advisors LLC’s holdings in FMC were worth $3,224,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of FMC. Commerce Bank raised its stake in FMC by 3.7% during the third quarter. Commerce Bank now owns 5,135 shares of the basic materials company’s stock worth $339,000 after purchasing an additional 183 shares during the period. Dark Forest Capital Management LP raised its position in shares of FMC by 3.1% during the 2nd quarter. Dark Forest Capital Management LP now owns 6,465 shares of the basic materials company’s stock valued at $372,000 after buying an additional 192 shares during the period. First Horizon Advisors Inc. raised its position in shares of 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 buying an additional 246 shares during the period. V Square Quantitative Management LLC lifted its holdings in FMC by 5.9% in the third quarter. V Square Quantitative Management LLC now owns 4,747 shares of the basic materials company’s stock valued at $313,000 after acquiring an additional 265 shares during the last quarter. Finally, CX Institutional grew its position in FMC by 4.2% in the third quarter. CX Institutional now owns 6,573 shares of the basic materials company’s stock worth $433,000 after acquiring an additional 266 shares during the period. Hedge funds and other institutional investors own 91.86% of the company’s stock.

FMC Stock Down 0.1 %

Shares of NYSE:FMC opened at $55.59 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.65. FMC Co. has a fifty-two week low of $47.71 and a fifty-two week high of $68.72. The stock has a market cap of $6.94 billion, a price-to-earnings ratio of 4.78, a price-to-earnings-growth ratio of 1.15 and a beta of 0.83. The firm’s 50 day moving average price is $53.75 and its 200 day moving average price is $58.97.

FMC (NYSE:FMC) last issued its earnings results on Tuesday, October 29th. The basic materials company reported $0.69 EPS 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 the consensus estimate of $1.04 billion. FMC had a net margin of 34.93% and a return on equity of 7.68%. The company’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.44 earnings per share. As a group, equities research analysts predict that FMC Co. will post 3.34 earnings per share for the current fiscal year.

FMC Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 4.17%. The ex-dividend date of this dividend was Tuesday, December 31st. FMC’s dividend payout ratio (DPR) is presently 19.97%.

Analyst Ratings Changes

Several brokerages have recently commented on FMC. Citigroup decreased their price target on FMC from $70.00 to $55.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. Mizuho decreased their target price on shares of FMC from $70.00 to $55.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Royal Bank of Canada lifted their target price on shares of FMC from $78.00 to $81.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Barclays upgraded FMC from an “equal weight” rating to an “overweight” rating and set a $65.00 price target on the stock in a research note on Tuesday, January 21st. Finally, UBS Group dropped their price objective on FMC from $75.00 to $66.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Ten analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $63.25.

Insider Buying and Selling

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

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.