Monaco Asset Management SAM Makes New Investment in FMC Co. (NYSE:FMC)

Monaco Asset Management SAM purchased a new stake in shares of 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 40,000 shares of the basic materials company's stock, valued at approximately $1,944,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FMC. Commerce Bank grew its stake in FMC by 3.7% during the 3rd quarter. Commerce Bank now owns 5,135 shares of the basic materials company's stock valued at $339,000 after purchasing an additional 183 shares during the last quarter. WP Advisors LLC grew its stake in FMC by 3.3% during the 4th quarter. WP Advisors LLC now owns 6,193 shares of the basic materials company's stock valued at $301,000 after purchasing an additional 200 shares during the last quarter. International Private Wealth Advisors LLC grew its stake in FMC by 3.8% during the 4th quarter. International Private Wealth Advisors LLC now owns 5,604 shares of the basic materials company's stock valued at $272,000 after purchasing an additional 205 shares during the last quarter. Blue Trust Inc. grew its stake in FMC by 9.9% during the 4th quarter. Blue Trust Inc. now owns 2,620 shares of the basic materials company's stock valued at $127,000 after purchasing an additional 236 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its stake 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. 91.86% of the stock is owned by institutional investors.

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Insider Activity

In related news, EVP Michael Finian Reilly sold 2,958 shares of the company'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 value of $163,429.50. Following the sale, the executive vice president now owns 25,468 shares of the company's stock, valued at approximately $1,407,107. This represents a 10.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ronaldo Pereira bought 5,600 shares of FMC stock in a transaction that occurred on Tuesday, March 4th. The stock was bought at an average cost of $35.77 per share, for a total transaction of $200,312.00. Following the purchase, the insider now owns 48,837 shares in the company, valued at $1,746,899.49. This represents a 12.95 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.85% of the company's stock.

FMC Stock Performance

FMC traded up $0.13 during trading on Tuesday, reaching $42.81. The company's stock had a trading volume of 2,299,782 shares, compared to its average volume of 1,784,170. FMC Co. has a 52-week low of $33.80 and a 52-week high of $68.72. The company's fifty day moving average price is $44.75 and its 200-day moving average price is $54.03. The company has a market capitalization of $5.35 billion, a price-to-earnings ratio of 15.74, a price-to-earnings-growth ratio of 1.90 and a beta of 0.93. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.24 and a current ratio of 1.64.

FMC (NYSE:FMC - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share (EPS) 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 forecast that FMC Co. will post 3.48 earnings per share for the current fiscal year.

FMC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be given a dividend of $0.58 per share. The ex-dividend date is Monday, March 31st. This represents a $2.32 dividend on an annualized basis and a dividend yield of 5.42%. FMC's payout ratio is 85.29%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. BMO Capital Markets decreased their price objective on FMC from $62.00 to $50.00 and set a "market perform" rating for the company in a report on Wednesday, February 5th. Redburn Atlantic cut FMC from a "buy" rating to a "neutral" rating and set a $49.00 price target for the company. in a report on Friday, February 14th. Morgan Stanley reduced their price target on FMC from $70.00 to $46.00 and set an "equal weight" rating for the company in a report on Wednesday, February 5th. Bank of America reaffirmed an "underperform" rating and issued a $48.00 price target (down previously from $61.00) on shares of FMC in a report on Wednesday, February 5th. Finally, Wells Fargo & Company reissued a "cautious" rating on shares of FMC in a report on Thursday, March 6th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $52.14.

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.