Natixis Advisors LLC Grows Stock Position in FMC Co. (NYSE:FMC)

Natixis Advisors LLC grew its position in FMC Co. (NYSE:FMC - Free Report) by 21.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 79,217 shares of the basic materials company's stock after purchasing an additional 13,898 shares during the quarter. Natixis Advisors LLC owned approximately 0.06% of FMC worth $5,224,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of FMC. Price T Rowe Associates Inc. MD boosted its position in FMC by 35.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,061,828 shares of the basic materials company's stock valued at $322,439,000 after acquiring an additional 1,316,133 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of FMC by 317.7% during 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 purchasing an additional 836,179 shares in the last quarter. Maple Rock Capital Partners Inc. acquired a new stake in FMC during the first quarter worth approximately $37,686,000. Pzena Investment Management LLC bought a new stake in FMC in the second quarter worth approximately $33,191,000. Finally, Swedbank AB acquired a new position in FMC in the first quarter valued at approximately $21,995,000. Institutional investors own 91.86% of the company's stock.

FMC Price Performance

FMC opened at $58.74 on Friday. FMC Co. has a 1 year low of $50.03 and a 1 year 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. The company has a market capitalization of $7.33 billion, a price-to-earnings ratio of 5.06, a P/E/G ratio of 1.54 and a beta of 0.85. The firm's fifty day moving average price is $61.74 and its two-hundred day moving average price is $60.86.

FMC (NYSE:FMC - Get Free Report) last released its quarterly earnings results 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. 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 analysts' expectations of $1.04 billion. During the same period in the previous year, the company earned $0.44 earnings per share. The firm's revenue for the quarter was up 8.5% compared to the same quarter last year. As a group, analysts anticipate that FMC Co. will post 3.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of FMC from $50.00 to $59.00 and gave the company a "neutral" rating in a research note on Monday, August 12th. 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 report on Friday, November 1st. Mizuho boosted their target price on FMC from $64.00 to $70.00 and gave the company a "neutral" rating in a research report on Friday, November 1st. KeyCorp cut their price target on FMC from $81.00 to $79.00 and set an "overweight" rating on the stock in a report on Friday, August 2nd. Finally, Citigroup assumed coverage on FMC in a report on Wednesday, October 23rd. They set a "neutral" rating and a $67.00 price objective for the company. One analyst has rated the stock with a sell rating, ten have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $68.00.

Insider Activity at FMC

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

FMC 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.