Frontier Capital Management Co. LLC Sells 35,845 Shares of FMC Co. (NYSE:FMC)

Frontier Capital Management Co. LLC reduced its position in FMC Co. (NYSE:FMC - Free Report) by 12.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 250,485 shares of the basic materials company's stock after selling 35,845 shares during the quarter. Frontier Capital Management Co. LLC owned approximately 0.20% of FMC worth $12,176,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the stock. Barclays PLC boosted its stake in FMC by 17.3% during the third quarter. Barclays PLC now owns 310,378 shares of the basic materials company's stock valued at $20,465,000 after buying an additional 45,752 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in FMC during the third quarter valued at $58,000. GAMMA Investing LLC boosted its stake in FMC by 115.0% during the fourth quarter. GAMMA Investing LLC now owns 1,976 shares of the basic materials company's stock valued at $96,000 after buying an additional 1,057 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in FMC by 0.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 43,279 shares of the basic materials company's stock valued at $2,104,000 after buying an additional 313 shares during the period. Finally, Czech National Bank boosted its stake in FMC by 6.5% during the fourth quarter. Czech National Bank now owns 27,072 shares of the basic materials company's stock valued at $1,316,000 after buying an additional 1,645 shares during the period. 91.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FMC has been the subject of several research analyst reports. Wells Fargo & Company dropped their price target on FMC from $43.00 to $41.00 and set an "equal weight" rating for the company in a research note on Monday, April 21st. Morgan Stanley dropped their price target 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. KeyCorp lifted their price target on FMC from $49.00 to $53.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Redburn Atlantic lowered FMC from a "buy" rating to a "neutral" rating and set a $49.00 target price for the company. in a research note on Friday, February 14th. Finally, Barclays lowered their target price 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 given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $49.46.

FMC Stock Up 4.6%

Shares of FMC stock traded up $1.71 during midday trading on Thursday, hitting $38.89. The company had a trading volume of 909,872 shares, compared to its average volume of 2,046,496. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.24 and a current ratio of 1.64. The stock has a market capitalization of $4.86 billion, a P/E ratio of 14.30, a P/E/G ratio of 1.90 and a beta of 0.80. The company has a 50 day moving average of $39.24 and a 200 day moving average of $46.92. FMC Co. has a 52-week low of $32.83 and a 52-week high of $68.55.

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 (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.10. The business had revenue of $791.40 million for the quarter, compared to analysts' expectations of $783.70 million. FMC had a return on equity of 9.67% and a net margin of 8.03%. The firm's quarterly revenue was down 13.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.36 EPS. On average, equities analysts predict that FMC Co. will post 3.48 earnings per share for the current fiscal year.

FMC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, June 30th will be paid a $0.58 dividend. The ex-dividend date is Monday, June 30th. This represents a $2.32 annualized dividend and a dividend yield of 5.97%. FMC's dividend payout ratio (DPR) is 88.55%.

Insider Transactions at FMC

In other FMC news, Director Carol Anthony Davidson purchased 6,000 shares of the business's stock in a transaction on Wednesday, March 5th. The stock was acquired at an average price of $37.33 per share, for a total transaction of $223,980.00. Following the purchase, the director now owns 6,000 shares of the company's stock, valued at approximately $223,980. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Ronaldo Pereira acquired 5,600 shares of the business's stock in a transaction dated Tuesday, March 4th. The shares were purchased at an average price of $35.77 per share, with a total value of $200,312.00. Following the transaction, 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. 0.67% of the stock is currently owned by company insiders.

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.