Parkside Financial Bank & Trust Purchases 3,129 Shares of FMC Co. (NYSE:FMC)

Parkside Financial Bank & Trust grew its position in shares of FMC Co. (NYSE:FMC) by 356.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,008 shares of the basic materials company’s stock after purchasing an additional 3,129 shares during the period. Parkside Financial Bank & Trust’s holdings in FMC were worth $195,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in FMC. Versor Investments LP lifted its stake in shares of FMC by 108.6% in the 4th quarter. Versor Investments LP now owns 14,809 shares of the basic materials company’s stock valued at $720,000 after acquiring an additional 7,709 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of FMC in the 4th quarter valued at about $1,505,000. Convergence Financial LLC lifted its stake in shares of FMC by 18.2% in the 4th quarter. Convergence Financial LLC now owns 11,599 shares of the basic materials company’s stock valued at $564,000 after acquiring an additional 1,786 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of FMC by 48.9% in the 4th quarter. Bank of New York Mellon Corp now owns 2,088,235 shares of the basic materials company’s stock valued at $101,509,000 after acquiring an additional 685,995 shares during the last quarter. Finally, Skylands Capital LLC lifted its stake in shares of FMC by 33.7% in the 4th quarter. Skylands Capital LLC now owns 340,775 shares of the basic materials company’s stock valued at $16,565,000 after acquiring an additional 85,950 shares during the last quarter. Institutional investors own 91.86% of the company’s stock.

FMC Stock Down 2.2 %

FMC stock opened at $36.87 on Friday. FMC Co. has a fifty-two week low of $33.80 and a fifty-two week high of $68.72. The business’s 50 day moving average price is $46.73 and its two-hundred day moving average price is $55.95. 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 company has a market capitalization of $4.60 billion, a price-to-earnings ratio of 13.55, a price-to-earnings-growth ratio of 1.90 and a beta of 0.84.

FMC (NYSE:FMC) last posted its earnings results on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.14. FMC had a return on equity of 9.67% and a net margin of 8.03%. As a group, analysts forecast that FMC Co. will post 3.48 earnings per share for the current fiscal year.

FMC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 6.29%. FMC’s dividend payout ratio (DPR) is 85.29%.

Analysts Set New Price Targets

FMC has been the subject of a number of recent research reports. Vertical Research raised FMC to a “hold” rating in a research note on Wednesday, February 5th. Morgan Stanley lowered their target price 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. Mizuho reduced their price target on FMC from $70.00 to $55.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Bank of America restated an “underperform” rating and set a $48.00 price target (down previously from $61.00) on shares of FMC in a report on Wednesday, February 5th. Finally, StockNews.com downgraded FMC from a “buy” rating to a “hold” rating in a report on Saturday, February 22nd. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $52.23.

Insiders Place Their Bets

In related news, EVP Michael Finian Reilly sold 2,958 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $55.25, for a total value of $163,429.50. Following the sale, the executive vice president now owns 25,468 shares in the company, valued at $1,407,107. This represents a 10.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.85% of the company’s stock.

FMC Company 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.