Lindbrook Capital LLC Has $160,000 Stake in FMC Co. (NYSE:FMC)

Lindbrook Capital LLC boosted its stake in FMC Co. (NYSE:FMC) by 16.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,538 shares of the basic materials company’s stock after buying an additional 355 shares during the quarter. Lindbrook Capital LLC’s holdings in FMC were worth $160,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of FMC. CVA Family Office LLC acquired a new stake in FMC in the 4th quarter valued at $31,000. Financial Connections Group Inc. acquired a new stake in FMC in the 4th quarter valued at $31,000. Quintet Private Bank Europe S.A. acquired a new stake in FMC in the 3rd quarter valued at $33,000. Spire Wealth Management raised its position in FMC by 143.1% in the 3rd quarter. Spire Wealth Management now owns 508 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 299 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its position in FMC by 50.0% in the 3rd quarter. Parkside Financial Bank & Trust now owns 684 shares of the basic materials company’s stock valued at $46,000 after purchasing an additional 228 shares during the last quarter. Institutional investors and hedge funds own 91.86% of the company’s stock.

FMC Trading Up 0.7 %

NYSE FMC opened at $58.65 on Wednesday. The stock has a 50-day simple moving average of $59.06 and a 200 day simple moving average of $58.10. The company has a market capitalization of $7.32 billion, a PE ratio of 5.57, a P/E/G ratio of 1.86 and a beta of 0.87. The company has a current ratio of 1.52, a quick ratio of 1.01 and a debt-to-equity ratio of 0.68. FMC Co. has a 12 month low of $49.49 and a 12 month high of $124.61.

FMC (NYSE:FMC) last released its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $1.07 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.01). FMC had a net margin of 29.45% and a return on equity of 12.98%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the prior year, the company posted $2.37 EPS. Research analysts forecast that FMC Co. will post 3.88 EPS for the current year.

FMC Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Thursday, March 28th were paid a $0.58 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $2.32 dividend on an annualized basis and a yield of 3.96%. FMC’s payout ratio is 22.03%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. BMO Capital Markets cut their price objective on FMC from $63.00 to $61.00 and set a “market perform” rating for the company in a research report on Wednesday, February 7th. StockNews.com downgraded FMC from a “hold” rating to a “sell” rating in a research report on Thursday, April 18th. Royal Bank of Canada cut their price objective on FMC from $61.00 to $59.00 and set an “outperform” rating for the company in a research report on Thursday, February 8th. KeyCorp lifted their price objective on FMC from $76.00 to $79.00 and gave the company an “overweight” rating in a research report on Tuesday, April 9th. Finally, Wolfe Research assumed coverage on FMC in a research report on Friday, March 1st. They issued a “peer perform” rating for the company. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, FMC presently has a consensus rating of “Hold” and a consensus target price of $71.75.

Insider Buying and Selling at FMC

In other FMC news, CFO Andrew D. Sandifer bought 2,150 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was purchased at an average cost of $59.22 per share, with a total value of $127,323.00. Following the completion of the purchase, the chief financial officer now owns 50,088 shares in the company, valued at $2,966,211.36. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.81% of the company’s stock.

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.