ING Groep NV Buys New Shares in FMC Co. (NYSE:FMC)

ING Groep NV acquired a new position in FMC Co. (NYSE:FMC - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 104,694 shares of the basic materials company's stock, valued at approximately $6,904,000. ING Groep NV owned 0.08% of FMC as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mather Group LLC. grew its position in shares of FMC by 250.6% during the 3rd quarter. Mather Group LLC. now owns 554 shares of the basic materials company's stock worth $37,000 after buying an additional 396 shares during the period. LRI Investments LLC bought a new stake in FMC in the 1st quarter valued at $41,000. UMB Bank n.a. lifted its holdings in shares of FMC by 56.9% in the second quarter. UMB Bank n.a. now owns 678 shares of the basic materials company's stock valued at $39,000 after purchasing an additional 246 shares in the last quarter. EntryPoint Capital LLC lifted its stake in FMC by 1,282.3% in the 1st quarter. EntryPoint Capital LLC now owns 857 shares of the basic materials company's stock valued at $55,000 after acquiring an additional 795 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in FMC by 120.9% during the third quarter. GAMMA Investing LLC now owns 919 shares of the basic materials company's stock worth $61,000 after purchasing an additional 503 shares during the last quarter. 91.86% of the stock is owned by institutional investors.

FMC Trading Down 2.0 %

Shares of FMC stock traded down $1.09 during mid-day trading on Friday, reaching $54.39. 1,586,177 shares of the stock traded hands, compared to its average volume of 1,680,966. The company has a market cap of $6.79 billion, a price-to-earnings ratio of 4.68, a price-to-earnings-growth ratio of 1.47 and a beta of 0.85. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.65. The stock's fifty day simple moving average is $62.22 and its two-hundred day simple moving average is $60.96. FMC Co. has a 1-year low of $50.03 and a 1-year high of $68.72.

FMC (NYSE:FMC - Get Free Report) last posted 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 for the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the company earned $0.44 EPS. The firm's revenue was up 8.5% compared to the same quarter last year. On average, research analysts anticipate that FMC Co. will post 3.35 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on FMC. KeyCorp cut their target price on shares of FMC from $81.00 to $79.00 and set an "overweight" rating for the company in a research note on Friday, August 2nd. JPMorgan Chase & Co. boosted their price target on FMC from $50.00 to $59.00 and gave the company a "neutral" rating in a research note on Monday, August 12th. 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. BMO Capital Markets increased their target price on FMC from $60.00 to $65.00 and gave the stock a "market perform" rating in a report on Friday, August 2nd. Finally, Royal Bank of Canada increased their price objective on shares of FMC from $78.00 to $81.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, ten have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $68.00.

Insider Activity at FMC

In other FMC news, VP Jacqueline Scanlan sold 4,529 shares of the stock in a transaction that occurred 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 completion of the sale, the vice president now owns 28,649 shares of the company's stock, valued at approximately $1,709,485.83. This represents a 13.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.85% of the stock is currently owned by company insiders.

FMC Company 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.