Tidal Investments LLC Has $1.85 Million Position in FMC Co. (NYSE:FMC)

Tidal Investments LLC increased its position in FMC Co. (NYSE:FMC - Free Report) by 30.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,976 shares of the basic materials company's stock after purchasing an additional 8,960 shares during the period. Tidal Investments LLC's holdings in FMC were worth $1,846,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Golden State Wealth Management LLC purchased a new stake in FMC in the 4th quarter worth about $29,000. EverSource Wealth Advisors LLC grew its holdings in 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 buying an additional 511 shares in the last quarter. Resona Asset Management Co. Ltd. purchased a new position in FMC during the 4th quarter valued at about $37,000. IFP Advisors Inc grew its holdings in 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 buying an additional 379 shares in the last quarter. Finally, Principal Securities Inc. grew its holdings in 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 buying an additional 255 shares in the last quarter. 91.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on FMC shares. Bank of America restated an "underperform" rating and issued a $48.00 target price (down previously from $61.00) on shares of FMC in a research report on Wednesday, February 5th. Mizuho upgraded FMC from a "neutral" rating to an "outperform" rating and set a $49.00 target price for the company in a research report on Friday, April 25th. Redburn Atlantic downgraded FMC from a "buy" rating to a "neutral" rating and set a $49.00 target price for the company. in a research report on Friday, February 14th. Wells Fargo & Company dropped their target price on FMC from $43.00 to $41.00 and set an "equal weight" rating for the company in a research report on Monday, April 21st. Finally, BMO Capital Markets dropped their target price on FMC from $62.00 to $50.00 and set a "market perform" rating for the company in a research report on Wednesday, February 5th. Two equities research 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's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $49.46.

Insider Activity

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

FMC Stock Up 0.2%

FMC stock traded up $0.08 during trading on Thursday, reaching $39.54. 290,604 shares of the company's stock were exchanged, compared to its average volume of 2,053,278. The company's 50-day moving average is $38.73 and its two-hundred day moving average is $45.32. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.24 and a current ratio of 1.64. FMC Co. has a 52-week low of $32.83 and a 52-week high of $68.55. The firm has a market cap of $4.94 billion, a price-to-earnings ratio of 14.54, a PEG ratio of 1.90 and a beta of 0.80.

FMC (NYSE:FMC - Get Free Report) last released its quarterly earnings data 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 net margin of 8.03% and a return on equity of 9.67%. The firm had revenue of $791.40 million for the quarter, compared to analyst estimates of $783.70 million. During the same quarter in the prior year, the business earned $0.36 earnings per share. FMC's quarterly revenue was down 13.8% on a year-over-year basis. On average, analysts predict that FMC Co. will post 3.48 earnings per share for the current year.

FMC Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 5.87%. FMC's dividend payout ratio is currently 88.55%.

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.