Mizuho Securities USA LLC boosted its position in FMC Co. (NYSE:FMC - Free Report) by 2,531.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 253,179 shares of the basic materials company's stock after purchasing an additional 243,557 shares during the period. Mizuho Securities USA LLC owned about 0.20% of FMC worth $16,695,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mather Group LLC. raised 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 purchasing an additional 396 shares during the last quarter. LRI Investments LLC acquired a new position in shares of FMC in the first quarter worth $41,000. UMB Bank n.a. boosted its stake in shares of FMC by 56.9% during the second quarter. UMB Bank n.a. now owns 678 shares of the basic materials company's stock valued at $39,000 after acquiring an additional 246 shares during the last quarter. EntryPoint Capital LLC increased its position in FMC by 1,282.3% during the 1st quarter. EntryPoint Capital LLC now owns 857 shares of the basic materials company's stock worth $55,000 after purchasing an additional 795 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in FMC by 120.9% in the 3rd quarter. GAMMA Investing LLC now owns 919 shares of the basic materials company's stock valued at $61,000 after purchasing an additional 503 shares during the last quarter. 91.86% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
FMC has been the topic of several analyst reports. Mizuho raised their price target on shares of FMC from $64.00 to $70.00 and gave the stock a "neutral" rating in a research note on Friday, November 1st. BMO Capital Markets boosted their price target on FMC from $60.00 to $65.00 and gave the company a "market perform" rating in a report on Friday, August 2nd. Citigroup assumed coverage on FMC in a report on Wednesday, October 23rd. They set a "neutral" rating and a $67.00 price objective on the stock. Barclays lifted their price objective on FMC from $62.00 to $65.00 and gave the company an "equal weight" rating in a research report on Monday, August 5th. Finally, KeyCorp decreased their price target on FMC from $81.00 to $79.00 and set an "overweight" rating on the stock in a research note on Friday, August 2nd. 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 stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $68.00.
Read Our Latest Analysis on FMC
Insider Activity at FMC
In related 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 value of $270,245.43. Following the sale, the vice president now directly owns 28,649 shares of the company's stock, valued at $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 accessible through this link. 0.85% of the stock is currently owned by company insiders.
FMC Stock Down 2.0 %
NYSE FMC traded down $1.09 during trading hours on Friday, hitting $54.39. The company had a trading volume of 1,586,177 shares, compared to its average volume of 1,209,060. The firm's 50 day moving average is $62.22 and its 200 day moving average is $60.97. The company has a market capitalization of $6.79 billion, a price-to-earnings ratio of 4.68, a P/E/G ratio of 1.43 and a beta of 0.85. 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 current ratio of 1.48 and a quick ratio of 1.09.
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, beating the consensus estimate of $0.49 by $0.20. FMC had a return on equity of 7.68% and a net margin of 34.93%. 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 business posted $0.44 EPS. The company's revenue was up 8.5% on a year-over-year basis. Sell-side analysts anticipate that FMC Co. will post 3.35 earnings per share for the current fiscal year.
About FMC
(
Free Report)
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.
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