Impax Asset Management Group plc Takes $681,000 Position in FMC Co. (NYSE:FMC)

Impax Asset Management Group plc purchased a new position in FMC Co. (NYSE:FMC - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,327 shares of the basic materials company's stock, valued at approximately $681,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in FMC. Dark Forest Capital Management LP lifted its position in FMC by 3.1% during the second quarter. Dark Forest Capital Management LP now owns 6,465 shares of the basic materials company's stock valued at $372,000 after purchasing an additional 192 shares during the last quarter. HB Wealth Management LLC grew its position in FMC by 3.8% in the second quarter. HB Wealth Management LLC now owns 5,649 shares of the basic materials company's stock worth $325,000 after acquiring an additional 208 shares in the last quarter. CreativeOne Wealth LLC increased its stake in FMC by 6.7% in the first quarter. CreativeOne Wealth LLC now owns 3,926 shares of the basic materials company's stock valued at $250,000 after acquiring an additional 246 shares during the last quarter. UMB Bank n.a. raised its position in FMC by 56.9% during the second quarter. UMB Bank n.a. now owns 678 shares of the basic materials company's stock valued at $39,000 after purchasing an additional 246 shares in the last quarter. Finally, Benjamin Edwards Inc. lifted its stake in FMC by 24.3% during the second quarter. Benjamin Edwards Inc. now owns 1,326 shares of the basic materials company's stock worth $76,000 after purchasing an additional 259 shares during the last quarter. Hedge funds and other institutional investors own 91.86% of the company's stock.

Insider Buying and Selling

In related news, VP Jacqueline Scanlan sold 4,529 shares of FMC stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $59.67, for a total transaction of $270,245.43. Following the completion of the transaction, the vice president now directly owns 28,649 shares of the company's stock, valued at $1,709,485.83. This trade represents a 13.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.85% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Royal Bank of Canada raised their price objective on FMC from $78.00 to $81.00 and gave the company an "outperform" rating in a report on Friday, November 1st. JPMorgan Chase & Co. boosted their price objective on shares of FMC from $50.00 to $59.00 and gave the stock a "neutral" rating in a report on Monday, August 12th. Mizuho increased their target price on shares of FMC from $64.00 to $70.00 and gave the company a "neutral" rating in a report on Friday, November 1st. Citigroup began coverage on shares of FMC in a research note on Wednesday, October 23rd. They issued a "neutral" rating and a $67.00 price target for the company. Finally, KeyCorp reduced their price objective on FMC from $81.00 to $79.00 and set an "overweight" rating on the stock in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $68.00.

FMC Trading Down 2.0 %

NYSE FMC traded down $1.09 during trading on Friday, hitting $54.39. The company had a trading volume of 1,586,177 shares, compared to its average volume of 1,209,060. The company's fifty day moving average is $62.22 and its 200-day moving average is $61.00. FMC Co. has a one year low of $50.03 and a one year high of $68.72. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.65. The company has a market cap of $6.79 billion, a price-to-earnings ratio of 4.68, a price-to-earnings-growth ratio of 1.43 and a beta of 0.85.

FMC (NYSE:FMC - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.49 by $0.20. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.04 billion. FMC had a net margin of 34.93% and a return on equity of 7.68%. FMC's revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.44 earnings per share. On average, sell-side analysts predict that FMC Co. will post 3.35 earnings per share for the current year.

About FMC

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.