Amundi Has $15.63 Million Stake in FMC Co. (NYSE:FMC)

Amundi decreased its stake in FMC Co. (NYSE:FMC - Free Report) by 22.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 316,636 shares of the basic materials company's stock after selling 89,203 shares during the quarter. Amundi owned approximately 0.25% of FMC worth $15,630,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of FMC. Inspire Trust Co. N.A. raised its holdings in shares of FMC by 18.7% during the third quarter. Inspire Trust Co. N.A. now owns 60,200 shares of the basic materials company's stock worth $3,970,000 after acquiring an additional 9,500 shares in the last quarter. Reinhart Partners LLC. increased its position in FMC by 20.9% in the 4th quarter. Reinhart Partners LLC. now owns 227,328 shares of the basic materials company's stock worth $11,050,000 after purchasing an additional 39,230 shares during the last quarter. Advisors Asset Management Inc. raised its stake in shares of FMC by 27.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 43,483 shares of the basic materials company's stock worth $2,867,000 after purchasing an additional 9,449 shares in the last quarter. First National Bank of Omaha raised its stake in shares of FMC by 85.7% during the 3rd quarter. First National Bank of Omaha now owns 33,935 shares of the basic materials company's stock worth $2,238,000 after purchasing an additional 15,662 shares in the last quarter. Finally, Algert Global LLC lifted its holdings in shares of FMC by 118.4% during the 3rd quarter. Algert Global LLC now owns 58,752 shares of the basic materials company's stock valued at $3,874,000 after buying an additional 31,850 shares during the last quarter. Institutional investors and hedge funds own 91.86% of the company's stock.

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Insider Activity at FMC

In related news, insider Ronaldo Pereira acquired 5,600 shares of the firm's stock in a transaction on Tuesday, March 4th. The shares were bought at an average cost of $35.77 per share, with a total value of $200,312.00. Following the completion of the acquisition, the insider now owns 48,837 shares of the company's stock, valued at $1,746,899.49. This trade represents a 12.95 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Michael Finian Reilly sold 2,958 shares of the stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $55.25, for a total value of $163,429.50. Following the completion of the transaction, the executive vice president now directly owns 25,468 shares of the company's stock, valued at approximately $1,407,107. The trade was 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.

Wall Street Analyst Weigh In

FMC has been the topic of a number of research reports. Redburn Atlantic downgraded FMC from a "buy" rating to a "neutral" rating and set a $49.00 price objective on the stock. in a report on Friday, February 14th. KeyCorp dropped their price target on shares of FMC from $55.00 to $51.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th. Bank of America reaffirmed an "underperform" rating and issued a $48.00 price objective (down previously from $61.00) on shares of FMC in a research note on Wednesday, February 5th. Royal Bank of Canada downgraded shares of FMC from an "outperform" rating to a "sector perform" rating and lowered their target price for the stock from $78.00 to $47.00 in a research report on Wednesday, February 5th. Finally, Mizuho decreased their price target on FMC from $70.00 to $55.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $52.14.

FMC Stock Performance

NYSE FMC traded up $1.40 during trading on Friday, hitting $41.78. The company's stock had a trading volume of 2,294,841 shares, compared to its average volume of 1,799,053. FMC Co. has a 52 week low of $33.80 and a 52 week high of $68.72. The company has a quick ratio of 1.24, a current ratio of 1.64 and a debt-to-equity ratio of 0.67. The firm has a market cap of $5.22 billion, a P/E ratio of 15.36, a price-to-earnings-growth ratio of 1.90 and a beta of 0.93. The firm has a 50 day moving average price of $44.89 and a 200 day moving average price of $54.34.

FMC (NYSE:FMC - Get Free Report) last released its 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 net margin of 8.03% and a return on equity of 9.67%. Equities research analysts forecast that FMC Co. will post 3.48 earnings per share for the current fiscal year.

FMC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 5.55%. The ex-dividend date is Monday, March 31st. FMC's dividend payout ratio (DPR) is presently 85.29%.

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.