Charles Schwab Investment Management Inc. Has $74.93 Million Holdings in FMC Co. (NYSE:FMC)

Charles Schwab Investment Management Inc. raised its holdings in shares of FMC Co. (NYSE:FMC - Free Report) by 1.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,136,344 shares of the basic materials company's stock after acquiring an additional 20,350 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.91% of FMC worth $74,931,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of FMC. AQR Capital Management LLC increased its position in shares of FMC by 317.7% during the 2nd quarter. AQR Capital Management LLC now owns 1,099,389 shares of the basic materials company's stock valued at $63,160,000 after purchasing an additional 836,179 shares during the last quarter. Pzena Investment Management LLC purchased a new position in shares of FMC in the 2nd quarter valued at $33,191,000. Swedbank AB purchased a new stake in shares of FMC during the first quarter valued at about $21,995,000. Van ECK Associates Corp boosted its stake in FMC by 116.8% in the 2nd quarter. Van ECK Associates Corp now owns 555,095 shares of the basic materials company's stock worth $31,946,000 after purchasing an additional 299,097 shares in the last quarter. Finally, Mizuho Securities USA LLC raised its stake in shares of FMC by 2,531.3% in the third quarter. Mizuho Securities USA LLC now owns 253,179 shares of the basic materials company's stock worth $16,695,000 after purchasing an additional 243,557 shares during the last quarter. Hedge funds and other institutional investors own 91.86% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of FMC from $50.00 to $59.00 and gave the company a "neutral" rating in a report on Monday, August 12th. Mizuho lifted their price objective on FMC from $64.00 to $70.00 and gave the company a "neutral" rating in a research note on Friday, November 1st. Barclays upped their target price on shares of FMC from $62.00 to $65.00 and gave the stock an "equal weight" rating in a research note on Monday, August 5th. KeyCorp reduced their target price on shares of FMC from $81.00 to $79.00 and set an "overweight" rating on the stock in a report on Friday, August 2nd. Finally, Citigroup started coverage on FMC in a report on Wednesday, October 23rd. They issued a "neutral" rating and a $67.00 target price on the stock. One 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 company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $68.00.

FMC Price Performance

NYSE FMC traded down $0.41 on Friday, reaching $59.09. The company's stock had a trading volume of 607,117 shares, compared to its average volume of 1,659,382. FMC Co. has a 52 week low of $50.03 and a 52 week 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 firm has a market cap of $7.38 billion, a PE ratio of 5.06, a price-to-earnings-growth ratio of 1.57 and a beta of 0.85. The business has a 50-day moving average price of $61.44 and a 200 day moving average price of $60.67.

FMC (NYSE:FMC - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.04 billion. During the same period in the prior year, the firm earned $0.44 earnings per share. The company's quarterly revenue was up 8.5% compared to the same quarter last year. Sell-side analysts expect that FMC Co. will post 3.35 EPS for the current year.

Insider Buying and Selling at FMC

In other FMC news, VP Jacqueline Scanlan sold 4,529 shares of the stock in a transaction on 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 sale, the vice president now 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 legal filing with the SEC, which is available through this link. Insiders own 0.85% of the company's stock.

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.