Mutual of America Capital Management LLC Raises Stake in FMC Co. (NYSE:FMC)

Mutual of America Capital Management LLC grew its position in FMC Co. (NYSE:FMC - Free Report) by 16.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 72,599 shares of the basic materials company's stock after buying an additional 10,014 shares during the period. Mutual of America Capital Management LLC owned approximately 0.06% of FMC worth $4,787,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its position in 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 during the last quarter. AQR Capital Management LLC boosted its holdings in FMC by 317.7% in the second quarter. AQR Capital Management LLC now owns 1,099,389 shares of the basic materials company's stock worth $63,160,000 after purchasing an additional 836,179 shares during the last quarter. Vanguard Group Inc. grew its position 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 worth $973,987,000 after purchasing an additional 768,432 shares during the period. Maple Rock Capital Partners Inc. purchased a new stake in FMC during the 1st quarter valued at $37,686,000. Finally, Pzena Investment Management LLC bought a new position in shares of FMC during the 2nd quarter valued at $33,191,000. Institutional investors own 91.86% of the company's stock.

FMC Price Performance

FMC stock traded up $0.35 during trading on Thursday, hitting $57.55. 62,526 shares of the company's stock traded hands, compared to its average volume of 1,667,807. The business has a fifty day simple moving average of $61.91 and a 200 day simple moving average of $60.89. FMC Co. has a 52 week low of $50.03 and a 52 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 has a market capitalization of $7.18 billion, a price-to-earnings ratio of 4.92, a P/E/G ratio of 1.46 and a beta of 0.85.

FMC (NYSE:FMC - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.20. The company had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1.04 billion. FMC had a return on equity of 7.68% and a net margin of 34.93%. The firm's revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.44 earnings per share. As a group, research analysts expect that FMC Co. will post 3.35 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, VP Jacqueline Scanlan sold 4,529 shares of the stock in a transaction dated 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.85% of the stock is owned by insiders.

Analysts Set New Price Targets

FMC has been the subject of a number of research reports. Citigroup began coverage on FMC in a research report on Wednesday, October 23rd. They set a "neutral" rating and a $67.00 price objective for the company. 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 report on Friday, August 2nd. Barclays lifted their price target on shares of FMC from $62.00 to $65.00 and gave the stock an "equal weight" rating in a research note on Monday, August 5th. Mizuho raised their target price on FMC from $64.00 to $70.00 and gave the stock a "neutral" rating in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. lifted their price target on shares of FMC from $50.00 to $59.00 and gave the company a "neutral" rating in a report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have issued 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 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.