BNP Paribas Financial Markets Has $12.33 Million Position in FMC Co. (NYSE:FMC)

BNP Paribas Financial Markets boosted its holdings in FMC Co. (NYSE:FMC - Free Report) by 139.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 187,028 shares of the basic materials company's stock after purchasing an additional 108,978 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.15% of FMC worth $12,333,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. First Horizon Advisors Inc. boosted its holdings in shares of FMC by 90.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company's stock valued at $34,000 after buying an additional 246 shares during the period. Mather Group LLC. boosted its stake in FMC by 250.6% in the third quarter. Mather Group LLC. now owns 554 shares of the basic materials company's stock valued at $37,000 after acquiring an additional 396 shares during the period. UMB Bank n.a. grew its holdings in shares of 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 during the last quarter. Peterson Financial Group Inc. acquired a new stake in shares of FMC during the 3rd quarter worth approximately $51,000. Finally, Brooklyn Investment Group bought a new stake in shares of FMC in the 3rd quarter worth approximately $52,000. Institutional investors own 91.86% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FMC. Royal Bank of Canada upped their price objective on FMC from $78.00 to $81.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. JPMorgan Chase & Co. upped their price target on shares of FMC from $50.00 to $59.00 and gave the stock a "neutral" rating in a research report on Monday, August 12th. Citigroup assumed coverage on shares of FMC in a research report on Wednesday, October 23rd. They issued a "neutral" rating and a $67.00 price objective on the stock. Mizuho upped their target price on shares of FMC from $64.00 to $70.00 and gave the stock a "neutral" rating in a research report on Friday, November 1st. Finally, Barclays lifted their price target on FMC from $62.00 to $65.00 and gave the company an "equal weight" rating in a report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $68.00.

FMC Price Performance

Shares of NYSE:FMC traded up $0.29 during trading hours on Monday, hitting $59.38. 1,129,386 shares of the company's stock traded hands, compared to its average volume of 1,657,097. The company's fifty day simple moving average is $61.38 and its two-hundred day simple moving average is $60.56. The company has a market cap of $7.41 billion, a price-to-earnings ratio of 5.04, a price-to-earnings-growth ratio of 1.56 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 Co. has a 52 week low of $50.03 and a 52 week high of $68.72.

FMC (NYSE:FMC - Get Free Report) last issued its earnings results on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share for the quarter, topping analysts' consensus estimates of $0.49 by $0.20. FMC had a net margin of 34.93% and a return on equity of 7.68%. The firm had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.04 billion. During the same period last year, the firm posted $0.44 earnings per share. The firm's revenue for the quarter was up 8.5% compared to the same quarter last year. As a group, equities analysts anticipate that FMC Co. will post 3.35 EPS for the current fiscal year.

Insider Transactions at FMC

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