SVB Wealth LLC Acquires Shares of 4,755 FMC Co. (NYSE:FMC)

SVB Wealth LLC bought a new position in FMC Co. (NYSE:FMC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,755 shares of the basic materials company’s stock, valued at approximately $231,000.

A number of other institutional investors have also modified their holdings of FMC. Barnett & Company Inc. bought a new stake in FMC in the third quarter valued at about $2,265,000. Inspire Trust Co. N.A. grew its position in shares of FMC by 18.7% in the 3rd 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 holdings in shares of FMC by 20.9% in the 4th quarter. Reinhart Partners LLC. now owns 227,328 shares of the basic materials company’s stock valued at $11,050,000 after acquiring an additional 39,230 shares during the last quarter. Advisors Asset Management Inc. raised its position 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 valued at $2,867,000 after acquiring an additional 9,449 shares in the last quarter. Finally, First National Bank of Omaha lifted its stake in FMC by 85.7% during the third 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 during the last quarter. Institutional investors and hedge funds own 91.86% of the company’s stock.

Insider Buying and Selling

In other FMC news, EVP Michael Finian Reilly sold 2,958 shares of FMC stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $55.25, for a total value of $163,429.50. Following the transaction, the executive vice president now owns 25,468 shares in the company, valued at approximately $1,407,107. The trade was a 10.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Ronaldo Pereira acquired 5,600 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were bought at an average price of $35.77 per share, with a total value of $200,312.00. Following the transaction, the insider now directly owns 48,837 shares in the company, valued at approximately $1,746,899.49. The trade was 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 Stock Up 7.9 %

FMC stock opened at $39.48 on Thursday. FMC Co. has a 52 week low of $33.80 and a 52 week high of $68.72. The stock 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 company’s 50-day moving average price is $45.98 and its two-hundred day moving average price is $55.43. The company has a current ratio of 1.64, a quick ratio of 1.24 and a debt-to-equity ratio of 0.67.

FMC (NYSE:FMC) last announced its earnings results on Tuesday, February 4th. The basic materials company reported $1.79 EPS for the quarter, topping 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%. On average, analysts expect that FMC Co. will post 3.48 EPS for the current fiscal year.

FMC Dividend Announcement

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 paid a dividend of $0.58 per share. The ex-dividend date is Monday, March 31st. This represents a $2.32 annualized dividend and a yield of 5.88%. FMC’s dividend payout ratio is currently 85.29%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. StockNews.com cut shares of FMC from a “buy” rating to a “hold” rating in a report on Saturday, February 22nd. Royal Bank of Canada cut shares of FMC from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from $78.00 to $47.00 in a report on Wednesday, February 5th. KeyCorp lowered their target price on FMC from $55.00 to $51.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. Citigroup raised their price target on FMC from $55.00 to $61.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Finally, Bank of America restated an “underperform” rating and set a $48.00 price objective (down from $61.00) on shares of FMC in a research note on Wednesday, February 5th. 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $52.23.

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.