Fmr LLC Sells 263,844 Shares of FMC Co. (NYSE:FMC)

FMR LLC reduced its position in shares of FMC Co. (NYSE:FMC - Free Report) by 34.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 491,267 shares of the basic materials company's stock after selling 263,844 shares during the quarter. FMR LLC owned about 0.39% of FMC worth $32,394,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barnett & Company Inc. bought a new position in shares of FMC in the 3rd quarter worth $2,265,000. Advisors Asset Management Inc. boosted its holdings in FMC by 27.8% during the third quarter. Advisors Asset Management Inc. now owns 43,483 shares of the basic materials company's stock worth $2,867,000 after buying an additional 9,449 shares during the last quarter. Cetera Investment Advisers grew its position in shares of FMC by 483.8% during the 1st quarter. Cetera Investment Advisers now owns 34,781 shares of the basic materials company's stock worth $2,216,000 after buying an additional 28,823 shares during the period. tru Independence LLC bought a new stake in shares of FMC in the 3rd quarter valued at about $5,323,000. Finally, CWM LLC raised its position in shares of FMC by 87.4% in the 2nd quarter. CWM LLC now owns 17,662 shares of the basic materials company's stock valued at $1,016,000 after acquiring an additional 8,238 shares during the period. 91.86% of the stock is owned by institutional investors.

FMC Stock Up 2.8 %

NYSE:FMC traded up $1.61 during trading hours on Monday, reaching $58.19. 1,331,443 shares of the stock were exchanged, compared to its average volume of 1,647,348. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.48 and a quick ratio of 1.09. FMC Co. has a twelve month low of $50.03 and a twelve month high of $68.72. The stock has a market cap of $7.26 billion, a PE ratio of 4.87, a PEG ratio of 1.49 and a beta of 0.80. The firm has a 50 day moving average of $60.73 and a 200 day moving average of $60.36.

FMC (NYSE:FMC - Get Free Report) last announced its earnings results on Tuesday, October 29th. The basic materials company reported $0.69 EPS 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 business had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.04 billion. During the same quarter in the prior year, the company posted $0.44 earnings per share. The firm's revenue was up 8.5% on a year-over-year basis. On average, equities analysts expect that FMC Co. will post 3.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other FMC news, VP Jacqueline Scanlan sold 4,529 shares of the company's stock in a transaction 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 sale, the vice president now directly owns 28,649 shares of the company's stock, valued at approximately $1,709,485.83. This represents a 13.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.81% of the stock is currently owned by corporate insiders.

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.