DoubleLine ETF Adviser LP Takes $672,000 Position in FMC Co. (NYSE:FMC)

DoubleLine ETF Adviser LP acquired a new position in shares of FMC Co. (NYSE:FMC - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 13,823 shares of the basic materials company's stock, valued at approximately $672,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC purchased a new position in shares of FMC during the fourth quarter valued at approximately $29,000. EverSource Wealth Advisors LLC lifted its stake in shares of FMC by 217.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company's stock worth $36,000 after purchasing an additional 511 shares during the period. Resona Asset Management Co. Ltd. acquired a new stake in shares of FMC during the fourth quarter worth $37,000. IFP Advisors Inc grew its position in shares of FMC by 65.3% in the fourth quarter. IFP Advisors Inc now owns 959 shares of the basic materials company's stock valued at $47,000 after purchasing an additional 379 shares during the period. Finally, Principal Securities Inc. increased its stake in FMC by 34.7% in the fourth quarter. Principal Securities Inc. now owns 990 shares of the basic materials company's stock valued at $48,000 after purchasing an additional 255 shares during the last quarter. Hedge funds and other institutional investors own 91.86% of the company's stock.

Insider Buying and Selling at FMC

In related news, insider Ronaldo Pereira purchased 5,600 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average price of $35.77 per share, for a total transaction of $200,312.00. Following the completion of the purchase, the insider now owns 48,837 shares in the company, valued at approximately $1,746,899.49. This represents a 12.95 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Carol Anthony Davidson acquired 6,000 shares of FMC stock in a transaction on Wednesday, March 5th. The shares were bought at an average price of $37.33 per share, for a total transaction of $223,980.00. Following the completion of the purchase, the director now directly owns 6,000 shares in the company, valued at $223,980. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.67% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on FMC shares. The Goldman Sachs Group started coverage on shares of FMC in a research note on Thursday, March 13th. They set a "buy" rating and a $51.00 price objective for the company. KeyCorp increased their price target on shares of FMC from $49.00 to $53.00 and gave the stock an "overweight" rating in a research note on Friday. Redburn Atlantic cut 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. Morgan Stanley cut their target price 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, Mizuho raised FMC from a "neutral" rating to an "outperform" rating and set a $49.00 price target for the company in a research report on Friday, April 25th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and four 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 price target of $49.46.

FMC Stock Down 1.7 %

NYSE FMC opened at $37.81 on Friday. The stock has a market cap of $4.72 billion, a PE ratio of 13.90, a P/E/G ratio of 1.90 and a beta of 0.83. The business has a 50 day moving average price of $39.49 and a two-hundred day moving average price of $48.33. FMC Co. has a fifty-two week low of $32.83 and a fifty-two 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.

FMC (NYSE:FMC - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $0.18 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.10. FMC had a net margin of 8.03% and a return on equity of 9.67%. The business had revenue of $791.40 million during the quarter, compared to analyst estimates of $783.70 million. During the same period last year, the business earned $0.36 EPS. The business's revenue was down 13.8% on a year-over-year basis. As a group, sell-side analysts predict that FMC Co. will post 3.48 EPS for the current fiscal year.

FMC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, June 30th will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 6.14%. The ex-dividend date is Monday, June 30th. FMC's dividend payout ratio is currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.