Cerity Partners LLC Has $3.22 Million Position in FMC Co. (NYSE:FMC)

Cerity Partners LLC boosted its position in shares of FMC Co. (NYSE:FMC - Free Report) by 105.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,888 shares of the basic materials company's stock after purchasing an additional 25,122 shares during the period. Cerity Partners LLC's holdings in FMC were worth $3,224,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its holdings in shares of FMC by 1.8% during the 3rd 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 purchasing an additional 20,350 shares in the last quarter. AQR Capital Management LLC raised its holdings in FMC by 317.7% during the second quarter. AQR Capital Management LLC now owns 1,099,389 shares of the basic materials company's stock valued at $63,160,000 after buying an additional 836,179 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of FMC by 2.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 858,129 shares of the basic materials company's stock worth $49,385,000 after acquiring an additional 17,381 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of FMC by 9.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 721,879 shares of the basic materials company's stock valued at $41,543,000 after acquiring an additional 64,055 shares during the last quarter. Finally, New South Capital Management Inc. raised its stake in shares of FMC by 1.5% in the 3rd quarter. New South Capital Management Inc. now owns 665,979 shares of the basic materials company's stock valued at $43,915,000 after acquiring an additional 9,834 shares in the last quarter. Hedge funds and other institutional investors own 91.86% of the company's stock.

Insider Activity

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 document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.85% of the company's stock.

Analyst Ratings Changes

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

FMC Stock Performance

FMC stock traded down $0.41 during midday trading on Friday, hitting $59.09. The stock had a trading volume of 607,117 shares, compared to its average volume of 1,200,119. The firm has a market capitalization of $7.38 billion, a price-to-earnings ratio of 5.09, a P/E/G ratio of 1.56 and a beta of 0.85. 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 stock has a 50-day simple moving average of $61.38 and a 200 day simple moving average of $60.58. 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, beating the consensus estimate of $0.49 by $0.20. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.04 billion. FMC had a net margin of 34.93% and a return on equity of 7.68%. The firm's revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.44 EPS. As a group, equities research analysts anticipate 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.