New South Capital Management Inc. Sells 168,369 Shares of FMC Co. (NYSE:FMC)

New South Capital Management Inc. decreased its holdings in FMC Co. (NYSE:FMC) by 25.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 497,610 shares of the basic materials company’s stock after selling 168,369 shares during the period. New South Capital Management Inc. owned about 0.40% of FMC worth $24,189,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. State Street Corp raised its stake in FMC by 27.3% in the third quarter. State Street Corp now owns 6,271,760 shares of the basic materials company’s stock worth $417,151,000 after buying an additional 1,343,615 shares in the last quarter. Bank of New York Mellon Corp raised its stake in FMC by 48.9% in the fourth quarter. Bank of New York Mellon Corp now owns 2,088,235 shares of the basic materials company’s stock worth $101,509,000 after buying an additional 685,995 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in FMC by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,164,403 shares of the basic materials company’s stock worth $56,602,000 after buying an additional 28,059 shares in the last quarter. Van ECK Associates Corp raised its stake in FMC by 8.5% in the fourth quarter. Van ECK Associates Corp now owns 589,054 shares of the basic materials company’s stock worth $28,634,000 after buying an additional 46,137 shares in the last quarter. Finally, Ilex Capital Partners UK LLP raised its stake in FMC by 2,129.4% in the third quarter. Ilex Capital Partners UK LLP now owns 440,353 shares of the basic materials company’s stock worth $29,037,000 after buying an additional 420,601 shares in the last quarter. Institutional investors own 91.86% of the company’s stock.

Wall Street Analysts Forecast Growth

FMC has been the subject of a number of recent research reports. Redburn Atlantic downgraded shares of FMC from a “buy” rating to a “neutral” rating and set a $49.00 price objective for the company. in a research note on Friday, February 14th. Royal Bank of Canada lowered shares of FMC from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $78.00 to $47.00 in a report on Wednesday, February 5th. StockNews.com lowered shares of FMC from a “buy” rating to a “hold” rating in a report on Saturday, February 22nd. KeyCorp cut their price target on shares of FMC from $55.00 to $51.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. Finally, UBS Group lowered shares of FMC from a “buy” rating to a “neutral” rating and cut their price target for the stock from $66.00 to $38.00 in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, FMC has a consensus rating of “Hold” and a consensus target price of $52.23.

Insider Buying and Selling at FMC

In other FMC news, EVP Michael Finian Reilly sold 2,958 shares of the company’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 transaction, the executive vice president now owns 25,468 shares in the company, valued at approximately $1,407,107. This represents a 10.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Ronaldo Pereira acquired 5,600 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was purchased at an average price of $35.77 per share, with a total value of $200,312.00. Following the transaction, the insider now owns 48,837 shares of the company’s stock, valued at approximately $1,746,899.49. This trade represents a 12.95 % increase in their position. The disclosure for this purchase can be found here. 0.85% of the stock is owned by corporate insiders.

FMC Price Performance

NYSE:FMC opened at $39.48 on Thursday. FMC Co. has a one year low of $33.80 and a one year high of $68.72. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.24 and a current ratio of 1.64. The firm has a market cap of $4.93 billion, a price-to-earnings ratio of 14.51, a PEG ratio of 1.90 and a beta of 0.93. The firm’s fifty day moving average is $45.98 and its two-hundred day moving average is $55.43.

FMC (NYSE:FMC) last posted 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 net margin of 8.03% and a return on equity of 9.67%. Research analysts expect that FMC Co. will post 3.48 EPS for the current year.

FMC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 5.88%. The ex-dividend date is Monday, March 31st. FMC’s payout ratio is 85.29%.

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.