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

Silvercrest Asset Management Group LLC lessened its holdings in FMC Co. (NYSE:FMC - Free Report) by 86.5% during the 4th quarter, according to 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 period. Silvercrest Asset Management Group LLC's holdings in FMC were worth $2,684,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FMC. Golden State Wealth Management LLC purchased a new position in FMC during the fourth quarter worth $29,000. EverSource Wealth Advisors LLC grew its stake in shares of FMC by 217.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company's stock worth $36,000 after acquiring an additional 511 shares during the last quarter. Resona Asset Management Co. Ltd. purchased a new stake in shares of FMC during the fourth quarter worth about $37,000. IFP Advisors Inc boosted its position in 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 buying an additional 379 shares during the last quarter. Finally, Principal Securities Inc. boosted its position 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 buying an additional 255 shares during the last quarter. Institutional investors own 91.86% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. UBS Group upped their target price on FMC from $38.00 to $41.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. BMO Capital Markets lowered their price target on FMC from $62.00 to $50.00 and set a "market perform" rating for the company in a report on Wednesday, February 5th. The Goldman Sachs Group started coverage on FMC in a report on Thursday, March 13th. They set a "buy" rating and a $51.00 target price for the company. Citigroup lifted their target price on FMC from $55.00 to $61.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Finally, Bank of America reissued an "underperform" rating and set a $48.00 price objective (down from $61.00) on shares of FMC in a research report on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, FMC has a consensus rating of "Hold" and an average target price of $49.46.

Insider Activity

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

FMC Stock Up 0.6%

NYSE:FMC traded up $0.23 on Friday, hitting $38.24. 1,148,971 shares of the company's stock traded hands, compared to its average volume of 2,059,101. FMC Co. has a 1 year low of $32.83 and a 1 year high of $68.55. The company has a current ratio of 1.64, a quick ratio of 1.24 and a debt-to-equity ratio of 0.67. The company has a market cap of $4.78 billion, a PE ratio of 14.06, a price-to-earnings-growth ratio of 1.90 and a beta of 0.80. The firm has a 50-day moving average price of $38.94 and a 200-day moving average price of $45.55.

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 (EPS) 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 company had revenue of $791.40 million during the quarter, compared to the consensus estimate of $783.70 million. During the same quarter in the prior year, the company posted $0.36 EPS. The firm's revenue was down 13.8% on a year-over-year basis. Equities analysts anticipate that FMC Co. will post 3.48 EPS for the current fiscal year.

FMC Dividend Announcement

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 dividend of $0.58 per share. The ex-dividend date is Monday, June 30th. This represents a $2.32 dividend on an annualized basis and a yield of 6.07%. FMC's dividend payout ratio 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.