Neo Ivy Capital Management Purchases 192 Shares of FMC Co. (NYSE:FMC)

Posted by on Jun 18th, 2023

Neo Ivy Capital Management lifted its position in shares of FMC Co. (NYSE:FMC – Get Rating) by 533.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 228 shares of the basic materials company’s stock after acquiring an additional 192 shares during the period. Neo Ivy Capital Management’s holdings in FMC were worth $28,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Greenleaf Trust lifted its stake in FMC by 0.7% in the 4th quarter. Greenleaf Trust now owns 11,798 shares of the basic materials company’s stock worth $1,472,000 after purchasing an additional 81 shares in the last quarter. Baird Financial Group Inc. lifted its stake in FMC by 3.1% in the 4th quarter. Baird Financial Group Inc. now owns 2,826 shares of the basic materials company’s stock worth $352,000 after purchasing an additional 84 shares in the last quarter. Trustcore Financial Services LLC lifted its stake in FMC by 33.2% in the 4th quarter. Trustcore Financial Services LLC now owns 337 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 84 shares in the last quarter. Ronald Blue Trust Inc. lifted its stake in FMC by 8.6% in the 4th quarter. Ronald Blue Trust Inc. now owns 1,069 shares of the basic materials company’s stock worth $113,000 after purchasing an additional 85 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its stake in FMC by 68.9% in the 4th 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. Institutional investors own 88.28% of the company’s stock.

Insider Transactions at FMC

In other FMC news, CEO Mark Douglas purchased 4,121 shares of the stock in a transaction dated Wednesday, May 3rd. The stock was purchased at an average price of $115.53 per share, with a total value of $476,099.13. Following the transaction, the chief executive officer now owns 41,672 shares of the company’s stock, valued at $4,814,366.16. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. StockNews.com assumed coverage on shares of FMC in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. Royal Bank of Canada decreased their target price on shares of FMC from $140.00 to $136.00 in a research report on Thursday, May 4th. Redburn Partners upgraded shares of FMC from a “neutral” rating to a “buy” rating and set a $155.00 target price on the stock in a research report on Friday, March 17th. Wells Fargo & Company decreased their target price on shares of FMC from $148.00 to $142.00 in a research report on Wednesday, May 3rd. Finally, Mizuho decreased their target price on shares of FMC from $150.00 to $147.00 in a research report on Wednesday, May 3rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $143.38.

FMC Price Performance

Shares of FMC stock opened at $106.77 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.29 and a quick ratio of 0.88. The company has a market capitalization of $13.35 billion, a P/E ratio of 18.63, a P/E/G ratio of 1.36 and a beta of 0.82. The company’s 50-day simple moving average is $112.75 and its two-hundred day simple moving average is $121.26. FMC Co. has a one year low of $98.24 and a one year high of $134.38.

FMC (NYSE:FMC – Get Rating) last issued its earnings results on Monday, May 1st. The basic materials company reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.04. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.43 billion. FMC had a net margin of 12.51% and a return on equity of 27.91%. The company’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.88 EPS. As a group, equities analysts anticipate that FMC Co. will post 7.77 EPS for the current year.

FMC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 20th. Stockholders of record on Friday, June 30th will be given a $0.58 dividend. The ex-dividend date of this dividend is Thursday, June 29th. This represents a $2.32 annualized dividend and a dividend yield of 2.17%. FMC’s payout ratio is presently 40.49%.

FMC Profile

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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 include 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.

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Institutional Ownership by Quarter for FMC (NYSE:FMC)

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