Holocene Advisors LP Has $1.13 Million Stock Position in FMC Co. (NYSE:FMC)

Holocene Advisors LP cut its stake in FMC Co. (NYSE:FMC - Free Report) by 71.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,163 shares of the basic materials company's stock after selling 43,798 shares during the period. Holocene Advisors LP's holdings in FMC were worth $1,132,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Commerce Bank boosted its holdings in shares of FMC by 3.7% in the third quarter. Commerce Bank now owns 5,135 shares of the basic materials company's stock valued at $339,000 after acquiring an additional 183 shares in the last quarter. Dark Forest Capital Management LP boosted its holdings in FMC by 3.1% during the second quarter. Dark Forest Capital Management LP now owns 6,465 shares of the basic materials company's stock worth $372,000 after buying an additional 192 shares in the last quarter. HB Wealth Management LLC boosted its holdings in FMC by 3.8% during the second quarter. HB Wealth Management LLC now owns 5,649 shares of the basic materials company's stock worth $325,000 after buying an additional 208 shares in the last quarter. UMB Bank n.a. boosted its holdings in FMC by 56.9% during the second quarter. UMB Bank n.a. now owns 678 shares of the basic materials company's stock worth $39,000 after buying an additional 246 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in FMC by 90.8% during the third quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company's stock worth $34,000 after buying an additional 246 shares in the last quarter. 91.86% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other 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 transaction of $270,245.43. Following the transaction, the vice president now owns 28,649 shares in the company, valued at $1,709,485.83. This represents a 13.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.85% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on FMC shares. Mizuho raised their target price on shares of FMC from $64.00 to $70.00 and gave the stock a "neutral" rating in a report on Friday, November 1st. JPMorgan Chase & Co. raised their target price on shares of FMC from $50.00 to $59.00 and gave the stock a "neutral" rating in a 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 stock an "outperform" rating in a report on Friday, November 1st. Finally, 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 target for the company. One analyst has rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, FMC currently has an average rating of "Hold" and a consensus target price of $68.00.

FMC Stock Down 1.1 %

FMC stock traded down $0.61 during midday trading on Friday, reaching $56.58. The company had a trading volume of 1,036,712 shares, compared to its average volume of 1,149,791. FMC Co. has a 1 year low of $50.03 and a 1 year 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 company has a market capitalization of $7.06 billion, a P/E ratio of 4.87, a PEG ratio of 1.55 and a beta of 0.80. The company has a 50 day moving average of $60.73 and a two-hundred day moving average of $60.38.

FMC (NYSE:FMC - Get Free Report) last released 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. FMC had a net margin of 34.93% and a return on equity of 7.68%. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the firm earned $0.44 EPS. The company's revenue was up 8.5% compared to the same quarter last year. On average, equities research analysts expect that FMC Co. will post 3.35 earnings per share for the current fiscal 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.