FMC Co. (NYSE:FMC) Holdings Decreased by Amalgamated Bank

Amalgamated Bank decreased its position in FMC Co. (NYSE:FMC - Free Report) by 39.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,534 shares of the basic materials company's stock after selling 15,928 shares during the quarter. Amalgamated Bank's holdings in FMC were worth $1,618,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Greenwood Capital Associates LLC boosted its position in FMC by 5.6% during the 3rd quarter. Greenwood Capital Associates LLC now owns 13,271 shares of the basic materials company's stock valued at $875,000 after purchasing an additional 701 shares during the period. Impax Asset Management Group plc acquired a new position in FMC during the 3rd quarter valued at approximately $681,000. Asset Management One Co. Ltd. boosted its position in FMC by 13.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 2,809 shares of the basic materials company's stock valued at $185,000 after purchasing an additional 330 shares during the period. Old North State Wealth Management LLC acquired a new position in FMC during the 3rd quarter valued at approximately $2,989,000. Finally, Pallas Capital Advisors LLC boosted its position in FMC by 26.7% during the 3rd quarter. Pallas Capital Advisors LLC now owns 10,102 shares of the basic materials company's stock valued at $621,000 after purchasing an additional 2,129 shares during the period. Institutional investors and hedge funds own 91.86% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on FMC shares. Barclays boosted their price objective on FMC from $62.00 to $65.00 and gave the company an "equal weight" rating in a research report on Monday, August 5th. JPMorgan Chase & Co. boosted their price target on FMC from $50.00 to $59.00 and gave the stock a "neutral" rating in a research report on Monday, August 12th. BMO Capital Markets boosted their price target on FMC from $60.00 to $65.00 and gave the stock a "market perform" rating in a research report on Friday, August 2nd. Citigroup started coverage on FMC in a research report on Wednesday, October 23rd. They set a "neutral" rating and a $67.00 price target for the company. Finally, Mizuho boosted their price target on FMC from $64.00 to $70.00 and gave the stock a "neutral" rating in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, ten have issued 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 a consensus rating of "Hold" and a consensus target price of $68.00.

FMC Price Performance

Shares of FMC traded up $0.26 during midday trading on Wednesday, reaching $56.20. The stock had a trading volume of 561,889 shares, compared to its average volume of 1,680,359. FMC Co. has a 52 week low of $50.03 and a 52 week high of $68.72. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.48 and a quick ratio of 1.09. The firm's 50 day moving average price is $62.63 and its 200-day moving average price is $61.08. The company has a market capitalization of $7.02 billion, a P/E ratio of 4.84, a P/E/G ratio of 1.47 and a beta of 0.85.

FMC (NYSE:FMC - Get Free Report) last announced its 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 for the quarter, compared to analyst estimates of $1.04 billion. FMC had a return on equity of 7.68% and a net margin of 34.93%. FMC's revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.44 earnings per share. On average, analysts forecast that FMC Co. will post 3.35 earnings per share for the current fiscal year.

FMC 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.