19,044 Shares in FMC Co. (NYSE:FMC) Acquired by Neo Ivy Capital Management

Neo Ivy Capital Management bought a new stake in FMC Co. (NYSE:FMC - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 19,044 shares of the basic materials company's stock, valued at approximately $1,256,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Commerce Bank lifted its holdings in shares of FMC by 3.7% in the third quarter. Commerce Bank now owns 5,135 shares of the basic materials company's stock valued at $339,000 after purchasing an additional 183 shares in the last quarter. Dark Forest Capital Management LP raised its holdings in shares of FMC by 3.1% during the second quarter. Dark Forest Capital Management LP now owns 6,465 shares of the basic materials company's stock worth $372,000 after purchasing an additional 192 shares during the period. HB Wealth Management LLC increased its holdings in shares of FMC by 3.8% in the 2nd quarter. HB Wealth Management LLC now owns 5,649 shares of the basic materials company's stock worth $325,000 after acquiring an additional 208 shares during the period. UMB Bank n.a. increased its stake in FMC by 56.9% during the 2nd quarter. UMB Bank n.a. now owns 678 shares of the basic materials company's stock valued at $39,000 after buying an additional 246 shares during the period. Finally, First Horizon Advisors Inc. boosted its position in shares of FMC by 90.8% during the 3rd quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company's stock valued at $34,000 after purchasing an additional 246 shares in the last quarter. 91.86% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at FMC

In other FMC news, VP Jacqueline Scanlan sold 4,529 shares of the firm's stock in a transaction 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 of the company's stock, valued at $1,709,485.83. This trade represents a 13.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.85% of the stock is owned by insiders.

FMC Stock Down 1.3 %

Shares of FMC stock traded down $0.74 on Wednesday, reaching $56.51. 598,343 shares of the company were exchanged, compared to its average volume of 1,639,979. FMC Co. has a one year low of $50.03 and a one year high of $68.72. The company has a market capitalization of $7.05 billion, a price-to-earnings ratio of 4.93, a PEG ratio of 1.49 and a beta of 0.80. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.65. The company has a 50-day moving average of $60.41 and a 200 day moving average of $60.31.

FMC (NYSE:FMC - Get Free Report) last posted its earnings results on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share for the quarter, topping analysts' consensus estimates of $0.49 by $0.20. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.04 billion. FMC had a return on equity of 7.68% and a net margin of 34.93%. The company's revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.44 earnings per share. On average, equities research analysts forecast that FMC Co. will post 3.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on FMC shares. Citigroup initiated coverage on shares of FMC in a research report on Wednesday, October 23rd. They set a "neutral" rating and a $67.00 price objective on the stock. Mizuho lifted their price target on shares of FMC from $64.00 to $70.00 and gave the company a "neutral" rating in a research report on Friday, November 1st. Finally, Royal Bank of Canada raised 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 investment analyst has rated the stock with a sell rating, ten have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock 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.