FMC Co. (NYSE:FMC) Shares Acquired by Algert Global LLC

Algert Global LLC increased its holdings in FMC Co. (NYSE:FMC - Free Report) by 118.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 58,752 shares of the basic materials company's stock after purchasing an additional 31,850 shares during the quarter. Algert Global LLC's holdings in FMC were worth $3,874,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Kingsview Wealth Management LLC increased its stake in FMC by 80.1% during the 3rd quarter. Kingsview Wealth Management LLC now owns 6,382 shares of the basic materials company's stock worth $421,000 after buying an additional 2,839 shares in the last quarter. Cerity Partners LLC increased its stake in shares of FMC by 105.7% during the third quarter. Cerity Partners LLC now owns 48,888 shares of the basic materials company's stock worth $3,224,000 after buying an additional 25,122 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in FMC by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,136,344 shares of the basic materials company's stock valued at $74,931,000 after acquiring an additional 20,350 shares in the last quarter. Ontario Teachers Pension Plan Board lifted its stake in FMC by 22.2% in the third quarter. Ontario Teachers Pension Plan Board now owns 19,668 shares of the basic materials company's stock worth $1,297,000 after acquiring an additional 3,572 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its holdings in FMC by 90.8% during the 3rd quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company's stock worth $34,000 after acquiring an additional 246 shares in the last quarter. Institutional investors and hedge funds own 91.86% of the company's stock.

FMC Price Performance

FMC stock traded up $0.27 during trading on Tuesday, hitting $60.89. The stock had a trading volume of 538,466 shares, compared to its average volume of 1,663,283. The company's 50 day moving average price is $61.69 and its two-hundred day moving average price is $60.74. FMC Co. has a 1-year low of $50.03 and a 1-year high of $68.72. The stock has a market cap of $7.60 billion, a price-to-earnings ratio of 5.22, a price-to-earnings-growth ratio of 1.55 and a beta of 0.85. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.09 and a current ratio of 1.48.

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

Wall Street Analyst Weigh In

Several research firms have recently issued reports on FMC. Citigroup assumed coverage on shares of FMC in a research report on Wednesday, October 23rd. They set a "neutral" rating and a $67.00 price objective for the company. Royal Bank of Canada raised their target price on FMC from $78.00 to $81.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Barclays increased their price target on shares of FMC from $62.00 to $65.00 and gave the company an "equal weight" rating in a research note on Monday, August 5th. BMO Capital Markets boosted their price objective on shares of FMC from $60.00 to $65.00 and gave the stock a "market perform" rating in a research report on Friday, August 2nd. Finally, KeyCorp cut their price target on shares of 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 given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $68.00.

Insider Buying and Selling at FMC

In related news, VP Jacqueline Scanlan sold 4,529 shares of the stock in a transaction that occurred on 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 sale, the vice president now owns 28,649 shares of the company's stock, valued at approximately $1,709,485.83. This represents a 13.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.81% of the stock is owned by company insiders.

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.