FMC Co. (NYSE:FMC) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC decreased its holdings in FMC Co. (NYSE:FMC - Free Report) by 14.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,485 shares of the basic materials company's stock after selling 10,083 shares during the quarter. Janus Henderson Group PLC's holdings in FMC were worth $3,923,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Ascent Group LLC purchased a new stake in FMC in the third quarter valued at approximately $237,000. Atom Investors LP purchased a new stake in shares of FMC during the 3rd quarter valued at $235,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of FMC during the 3rd quarter worth $151,000. Erste Asset Management GmbH purchased a new position in shares of FMC in the 3rd quarter worth $1,824,000. Finally, True Wealth Design LLC acquired a new position in FMC in the third quarter valued at $68,000. Hedge funds and other institutional investors own 91.86% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on FMC shares. Mizuho raised their price objective on FMC from $64.00 to $70.00 and gave the stock 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 company an "outperform" rating in a research report on Friday, November 1st. Finally, Citigroup initiated coverage on shares of FMC in a research note on Wednesday, October 23rd. They set a "neutral" rating and a $67.00 price objective for the company. One research analyst has rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, FMC presently has a consensus rating of "Hold" and a consensus target price of $68.00.

FMC Stock Down 1.4 %

Shares of NYSE:FMC traded down $0.80 during trading on Wednesday, hitting $56.46. The company's stock had a trading volume of 2,124,819 shares, compared to its average volume of 1,646,436. The company has a market capitalization of $7.05 billion, a PE ratio of 4.86, a PEG ratio of 1.49 and a beta of 0.80. FMC Co. has a fifty-two week low of $50.03 and a fifty-two week high of $68.72. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.09 and a current ratio of 1.48. The stock's 50-day moving average price is $60.23 and its two-hundred day moving average price is $60.29.

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, beating 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 quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.44 EPS. As a group, sell-side analysts expect that FMC Co. will post 3.35 EPS for the current year.

Insiders Place Their Bets

In other news, VP Jacqueline Scanlan sold 4,529 shares of the business's stock in a transaction that occurred 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 sale, the vice president now directly owns 28,649 shares in the company, valued at approximately $1,709,485.83. The trade was a 13.65 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.85% of the stock is 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.