FMC Corp (FMC) Holdings Cut by Parkside Investments LLC
Parkside Investments LLC reduced its position in shares of FMC Corp (NYSE:FMC) by 12.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,000 shares of the basic materials company’s stock after selling 1,000 shares during the quarter. Parkside Investments LLC’s holdings in FMC were worth $610,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its holdings in shares of FMC by 1.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 491,110 shares of the basic materials company’s stock valued at $37,604,000 after acquiring an additional 6,763 shares in the last quarter. Stifel Financial Corp grew its holdings in shares of FMC by 40.7% during the 1st quarter. Stifel Financial Corp now owns 26,460 shares of the basic materials company’s stock valued at $2,024,000 after acquiring an additional 7,655 shares in the last quarter. UBS Group AG grew its holdings in shares of FMC by 139.1% during the 1st quarter. UBS Group AG now owns 202,421 shares of the basic materials company’s stock valued at $15,500,000 after acquiring an additional 117,766 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of FMC by 48.1% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,832 shares of the basic materials company’s stock valued at $599,000 after acquiring an additional 2,545 shares in the last quarter. Finally, LPL Financial LLC grew its holdings in shares of FMC by 604.0% during the 1st quarter. LPL Financial LLC now owns 45,576 shares of the basic materials company’s stock valued at $3,490,000 after acquiring an additional 39,102 shares in the last quarter. 89.76% of the stock is currently owned by institutional investors.
NYSE:FMC traded down $1.09 during trading hours on Wednesday, reaching $83.61. The company’s stock had a trading volume of 101,186 shares, compared to its average volume of 1,289,734. The stock has a market capitalization of $11.74 billion, a PE ratio of 31.23, a P/E/G ratio of 0.78 and a beta of 1.59. FMC Corp has a one year low of $72.73 and a one year high of $98.70. The company has a current ratio of 1.63, a quick ratio of 1.24 and a debt-to-equity ratio of 0.96.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 18th. Investors of record on Friday, September 28th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date is Thursday, September 27th. FMC’s dividend payout ratio is presently 24.35%.
In other FMC news, insider Nicholas Pfeiffer sold 375 shares of the company’s stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $89.15, for a total transaction of $33,431.25. Following the completion of the sale, the insider now directly owns 8,604 shares in the company, valued at $767,046.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dirk A. Kempthorne purchased 1,173 shares of the firm’s stock in a transaction on Tuesday, August 28th. The shares were purchased at an average price of $86.12 per share, with a total value of $101,018.76. Following the completion of the acquisition, the director now directly owns 35,783 shares of the company’s stock, valued at $3,081,631.96. The disclosure for this purchase can be found here. Corporate insiders own 1.20% of the company’s stock.
FMC has been the topic of several research analyst reports. Zacks Investment Research cut shares of FMC from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 4th. ValuEngine cut shares of FMC from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Nomura boosted their price target on shares of FMC from $100.00 to $106.00 and gave the company a “buy” rating in a report on Wednesday, July 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the stock. FMC currently has an average rating of “Buy” and an average target price of $102.69.
FMC Corporation, a diversified chemical company, provides solutions, applications, and products for the agricultural, consumer, and industrial markets worldwide. The company operates in two segments, FMC Agricultural Solutions and FMC Lithium. The FMC Agricultural Solutions segment develops, manufactures, markets, and sells crop protection chemicals, including insecticides, herbicides, and fungicides that 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.
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