Silvercrest Asset Management Group LLC Sells 354,969 Shares of FMC Co. (NYSE:FMC)

Silvercrest Asset Management Group LLC reduced its position in shares of FMC Co. (NYSE:FMC - Free Report) by 86.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 55,219 shares of the basic materials company's stock after selling 354,969 shares during the quarter. Silvercrest Asset Management Group LLC's holdings in FMC were worth $2,684,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Golden State Wealth Management LLC bought a new stake in shares of FMC during the 4th quarter valued at about $29,000. EverSource Wealth Advisors LLC grew 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 valued at $36,000 after purchasing an additional 511 shares during the period. Resona Asset Management Co. Ltd. bought a new stake in shares of FMC during the 4th quarter valued at about $37,000. IFP Advisors Inc grew its stake in shares of FMC by 65.3% during the 4th 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. grew its stake in shares of FMC by 34.7% during the 4th 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 period. 91.86% of the stock is currently owned by institutional investors.

Insider Transactions at FMC

In other news, Director Carol Anthony Davidson acquired 6,000 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average cost of $37.33 per share, with a total value of $223,980.00. Following the acquisition, the director now directly owns 6,000 shares of the company's stock, valued at approximately $223,980. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Ronaldo Pereira purchased 5,600 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average price of $35.77 per share, for a total transaction of $200,312.00. Following the acquisition, the insider now directly owns 48,837 shares in the company, valued at $1,746,899.49. This trade represents a 12.95% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.67% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on FMC shares. Royal Bank of Canada downgraded FMC from an "outperform" rating to a "sector perform" rating and cut their price target for the company from $78.00 to $47.00 in a research note on Wednesday, February 5th. Morgan Stanley cut their price objective on FMC from $70.00 to $46.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 5th. StockNews.com downgraded FMC from a "buy" rating to a "hold" rating in a research note on Saturday, February 22nd. Mizuho upgraded FMC from a "neutral" rating to an "outperform" rating and set a $49.00 price objective for the company in a research note on Friday, April 25th. Finally, Barclays cut their price objective on FMC from $65.00 to $48.00 and set an "overweight" rating for the company in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $49.46.

FMC Trading Down 0.0%

FMC stock opened at $40.00 on Tuesday. FMC Co. has a 1-year low of $32.83 and a 1-year high of $68.55. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.64 and a quick ratio of 1.24. The company has a market capitalization of $5.00 billion, a price-to-earnings ratio of 14.71, a PEG ratio of 1.90 and a beta of 0.80. The business has a 50 day simple moving average of $39.17 and a two-hundred day simple moving average of $46.20.

FMC (NYSE:FMC - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.10. FMC had a return on equity of 9.67% and a net margin of 8.03%. The business had revenue of $791.40 million during the quarter, compared to the consensus estimate of $783.70 million. During the same period in the prior year, the company posted $0.36 EPS. The firm's revenue for the quarter was down 13.8% compared to the same quarter last year. Research analysts anticipate that FMC Co. will post 3.48 EPS for the current fiscal year.

FMC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.58 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.32 annualized dividend and a dividend yield of 5.80%. FMC's dividend payout ratio (DPR) is 88.55%.

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.

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