GSA Capital Partners LLP Sells 11,668 Shares of FMC Co. (NYSE:FMC)

GSA Capital Partners LLP trimmed its stake in shares of FMC Co. (NYSE:FMC - Free Report) by 54.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,837 shares of the basic materials company's stock after selling 11,668 shares during the quarter. GSA Capital Partners LLP's holdings in FMC were worth $649,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Price T Rowe Associates Inc. MD raised its stake in shares of FMC by 35.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,061,828 shares of the basic materials company's stock worth $322,439,000 after buying an additional 1,316,133 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of FMC by 317.7% in 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 buying an additional 836,179 shares in the last quarter. Vanguard Group Inc. boosted its holdings in FMC by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 15,290,219 shares of the basic materials company's stock valued at $973,987,000 after purchasing an additional 768,432 shares during the period. Maple Rock Capital Partners Inc. bought a new position in shares of FMC during the 1st quarter worth about $37,686,000. Finally, Pzena Investment Management LLC bought a new position in FMC during the second quarter valued at about $33,191,000. 91.86% of the stock is currently owned by institutional investors and hedge funds.

FMC Price Performance

NYSE:FMC traded up $0.38 during trading hours on Tuesday, reaching $55.61. 1,260,679 shares of the company were exchanged, compared to its average volume of 1,677,426. The company has a market capitalization of $6.94 billion, a P/E ratio of 4.75, a P/E/G ratio of 1.43 and a beta of 0.85. 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 1-year low of $50.03 and a 1-year high of $68.72. The business has a 50 day moving average of $62.10 and a 200 day moving average of $60.96.

FMC (NYSE:FMC - Get Free Report) last released its quarterly earnings data 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 return on equity of 7.68% and a net margin of 34.93%. FMC's revenue was up 8.5% compared to the same quarter last year. During the same period last year, the firm posted $0.44 earnings per share. Research analysts forecast that FMC Co. will post 3.35 EPS for the current year.

Insider Activity

In other FMC news, VP Jacqueline Scanlan sold 4,529 shares of the company's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $59.67, for a total value of $270,245.43. Following the completion of 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 Securities & Exchange Commission, which is available through the SEC website. 0.85% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on FMC. BMO Capital Markets raised their target price on FMC from $60.00 to $65.00 and gave the stock a "market perform" rating in a research report on Friday, August 2nd. Royal Bank of Canada increased their target price on FMC from $78.00 to $81.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Citigroup initiated coverage on shares of FMC in a research report on Wednesday, October 23rd. They set a "neutral" rating and a $67.00 price target on the stock. JPMorgan Chase & Co. boosted their price objective on FMC from $50.00 to $59.00 and gave the company a "neutral" rating in a research report on Monday, August 12th. Finally, Mizuho upped 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 investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $68.00.

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.