Mutual of America Capital Management LLC Boosts Stock Holdings in FMC Co. (NYSE:FMC)

Mutual of America Capital Management LLC raised its holdings in FMC Co. (NYSE:FMC) by 77.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,756 shares of the basic materials company’s stock after purchasing an additional 23,477 shares during the period. Mutual of America Capital Management LLC’s holdings in FMC were worth $3,389,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Steward Partners Investment Advisory LLC increased its stake in shares of FMC by 68.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 228 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 93 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in shares of FMC by 99.4% in the first quarter. Parkside Financial Bank & Trust now owns 351 shares of the basic materials company’s stock valued at $47,000 after acquiring an additional 175 shares during the period. Quilter Plc bought a new position in shares of FMC in the second quarter valued at approximately $47,000. High Net Worth Advisory Group LLC bought a new position in shares of FMC in the first quarter valued at approximately $60,000. Finally, CVA Family Office LLC bought a new position in shares of FMC in the fourth quarter valued at approximately $31,000. Hedge funds and other institutional investors own 91.86% of the company’s stock.

FMC Trading Up 1.1 %

Shares of FMC opened at $56.06 on Thursday. The firm has a market cap of $7.00 billion, a price-to-earnings ratio of 5.32, a PEG ratio of 1.83 and a beta of 0.87. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.52. FMC Co. has a fifty-two week low of $49.49 and a fifty-two week high of $125.20. The firm has a 50 day moving average price of $58.61 and a 200-day moving average price of $58.32.

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

FMC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 18th. Investors of record on Thursday, March 28th will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 4.14%. The ex-dividend date is Wednesday, March 27th. FMC’s payout ratio is 22.03%.

Insider Buying and Selling

In other news, CFO Andrew D. Sandifer bought 2,150 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were bought 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 directly owns 50,088 shares in the company, valued at $2,966,211.36. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.81% of the stock is owned by insiders.

Analysts Set New Price Targets

FMC has been the subject of a number of analyst reports. Royal Bank of Canada cut their price objective on shares of FMC from $61.00 to $59.00 and set an “outperform” rating for the company in a research report on Thursday, February 8th. Wolfe Research began coverage on shares of FMC in a research report on Friday, March 1st. They issued a “peer perform” rating for the company. BNP Paribas lowered shares of FMC from an “outperform” rating to a “neutral” rating and set a $56.00 target price for the company. in a research report on Wednesday, February 7th. Roth Mkm began coverage on shares of FMC in a research report on Thursday, January 4th. They set a “buy” rating and a $74.00 target price for the company. Finally, Bank of America lowered shares of FMC from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $60.00 to $57.00 in a research report on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, FMC currently has a consensus rating of “Hold” and an average price target of $71.75.

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.