Gibraltar Capital Management Inc. Purchases New Holdings in FMC Co. (NYSE:FMC)

Gibraltar Capital Management Inc. acquired a new position in shares of FMC Co. (NYSE:FMC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 10,811 shares of the basic materials company’s stock, valued at approximately $682,000.

A number of other hedge funds also recently modified their holdings of FMC. AE Wealth Management LLC grew its position in FMC by 5.7% during the third quarter. AE Wealth Management LLC now owns 4,130 shares of the basic materials company’s stock valued at $277,000 after purchasing an additional 223 shares in the last quarter. Czech National Bank lifted its holdings in shares of FMC by 47.3% during the 3rd quarter. Czech National Bank now owns 21,800 shares of the basic materials company’s stock valued at $1,460,000 after buying an additional 6,997 shares during the last quarter. Handelsbanken Fonder AB grew its stake in shares of FMC by 1.4% in the 3rd quarter. Handelsbanken Fonder AB now owns 81,983 shares of the basic materials company’s stock valued at $5,490,000 after buying an additional 1,139 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in FMC by 18.1% in the third quarter. Commonwealth Equity Services LLC now owns 20,583 shares of the basic materials company’s stock worth $1,378,000 after buying an additional 3,154 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC bought a new stake in FMC in the third quarter worth $347,000. Hedge funds and other institutional investors own 91.86% of the company’s stock.

Insiders Place Their Bets

In other FMC news, CFO Andrew D. Sandifer purchased 2,150 shares of FMC stock in a transaction that occurred on Monday, March 4th. The shares were bought at an average price of $59.22 per share, for a total transaction of $127,323.00. Following the completion of the transaction, the chief financial officer now owns 50,088 shares of the company’s stock, valued at approximately $2,966,211.36. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.81% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on FMC shares. UBS Group raised FMC from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $61.00 to $84.00 in a research report on Wednesday, March 20th. Roth Mkm began coverage on FMC in a research report on Thursday, January 4th. They set a “buy” rating and a $74.00 price objective for the company. Bank of America lowered FMC from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $60.00 to $57.00 in a research report on Tuesday, January 16th. Wolfe Research assumed coverage on shares of FMC in a research note on Friday, March 1st. They issued a “peer perform” rating for the company. Finally, Loop Capital increased their price target on shares of FMC from $55.00 to $65.00 and gave the company a “hold” rating in a report on Tuesday, March 19th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $71.75.

FMC Stock Performance

FMC traded down $1.20 during trading on Tuesday, hitting $59.01. The company’s stock had a trading volume of 1,954,886 shares, compared to its average volume of 1,942,466. FMC Co. has a one year low of $49.49 and a one year high of $124.61. The business’s 50 day simple moving average is $59.61 and its 200-day simple moving average is $57.97. The company has a quick ratio of 1.01, a current ratio of 1.52 and a debt-to-equity ratio of 0.68. The firm has a market cap of $7.37 billion, a PE ratio of 5.60, a P/E/G ratio of 1.88 and a beta of 0.87.

FMC (NYSE:FMC) last released its earnings results on Tuesday, February 6th. The basic materials company reported $1.07 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.01). The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.25 billion. FMC had a net margin of 29.45% and a return on equity of 12.98%. During the same quarter last year, the firm posted $2.37 earnings per share. As a group, sell-side analysts predict that FMC Co. will post 3.88 EPS for the current fiscal year.

FMC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Friday, June 28th will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.93%. FMC’s payout ratio is 22.03%.

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.