12,212 Shares in FMC Co. (NYSE:FMC) Purchased by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP purchased a new position in FMC Co. (NYSE:FMC - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 12,212 shares of the basic materials company's stock, valued at approximately $594,000.

Other hedge funds have also modified their holdings of the company. Golden State Wealth Management LLC acquired a new stake in shares of FMC during the 4th quarter valued at about $29,000. EverSource Wealth Advisors LLC raised its position in FMC by 217.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company's stock valued at $36,000 after acquiring an additional 511 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of FMC during the 3rd quarter valued at $58,000. IFP Advisors Inc boosted its stake in shares of FMC by 65.3% during the 4th quarter. IFP Advisors Inc now owns 959 shares of the basic materials company's stock worth $47,000 after acquiring an additional 379 shares in the last quarter. Finally, Principal Securities Inc. increased its holdings in shares of FMC by 34.7% during the 4th quarter. Principal Securities Inc. now owns 990 shares of the basic materials company's stock valued at $48,000 after acquiring an additional 255 shares during the last quarter. 91.86% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other FMC news, EVP Michael Finian Reilly sold 2,958 shares of the firm's stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $55.25, for a total value of $163,429.50. Following the completion of the sale, the executive vice president now owns 25,468 shares in the company, valued at approximately $1,407,107. This trade represents a 10.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Ronaldo Pereira purchased 5,600 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was bought at an average cost of $35.77 per share, with a total value of $200,312.00. Following the acquisition, the insider now owns 48,837 shares of the company's stock, valued at $1,746,899.49. This represents a 12.95 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.67% of the stock is owned by corporate insiders.

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FMC Price Performance

Shares of FMC stock traded down $0.19 during trading on Tuesday, hitting $37.38. 1,326,011 shares of the company's stock traded hands, compared to its average volume of 2,033,907. FMC Co. has a twelve month low of $32.83 and a twelve month high of $68.72. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.64 and a quick ratio of 1.24. The company has a market cap of $4.67 billion, a PE ratio of 13.74, a PEG ratio of 1.90 and a beta of 0.83. The firm's fifty day moving average price is $38.81 and its 200 day moving average price is $50.45.

FMC (NYSE:FMC - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $1.79 EPS for the quarter, beating the consensus estimate of $1.65 by $0.14. FMC had a return on equity of 9.67% and a net margin of 8.03%. Analysts forecast that FMC Co. will post 3.48 earnings per share for the current year.

FMC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.32 annualized dividend and a yield of 6.21%. FMC's dividend payout ratio is 85.29%.

Analyst Ratings Changes

A number of brokerages have issued reports on FMC. Barclays decreased their target price on FMC from $65.00 to $48.00 and set an "overweight" rating for the company in a research report on Friday, February 7th. Vertical Research upgraded shares of FMC to a "hold" rating in a research note on Wednesday, February 5th. Citigroup boosted their target price 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. Morgan Stanley lowered their price target on FMC from $70.00 to $46.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. Finally, StockNews.com cut FMC from a "buy" rating to a "hold" rating in a research report on Saturday, February 22nd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, FMC presently has an average rating of "Hold" and an average price target of $50.31.

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.