SG Americas Securities LLC Sells 8,119 Shares of FMC Co. (NYSE:FMC)

SG Americas Securities LLC cut its stake in shares of FMC Co. (NYSE:FMC - Free Report) by 66.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,137 shares of the basic materials company's stock after selling 8,119 shares during the quarter. SG Americas Securities LLC's holdings in FMC were worth $273,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Norden Group LLC bought a new stake in FMC in the first quarter valued at approximately $4,700,000. Leeward Investments LLC MA boosted its stake in shares of FMC by 62.8% in the 1st quarter. Leeward Investments LLC MA now owns 193,156 shares of the basic materials company's stock valued at $12,304,000 after purchasing an additional 74,529 shares during the last quarter. Cetera Investment Advisers increased its position in shares of FMC by 483.8% during the first quarter. Cetera Investment Advisers now owns 34,781 shares of the basic materials company's stock worth $2,216,000 after buying an additional 28,823 shares during the period. Bayesian Capital Management LP bought a new position in FMC during the first quarter worth $1,994,000. Finally, BNP Paribas acquired a new position in FMC in the first quarter valued at $1,372,000. Institutional investors own 91.86% of the company's stock.

Wall Street Analysts Forecast Growth

FMC has been the subject of several research analyst reports. BMO Capital Markets lifted their price objective on FMC from $60.00 to $65.00 and gave the stock a "market perform" rating in a research report on Friday, August 2nd. Redburn Atlantic raised FMC from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 19th. JPMorgan Chase & Co. raised their price objective on shares of FMC from $50.00 to $59.00 and gave the stock a "neutral" rating in a research report on Monday, August 12th. Wells Fargo & Company dropped their target price on shares of FMC from $68.00 to $62.00 and set an "equal weight" rating on the stock in a research report on Tuesday, July 16th. Finally, KeyCorp reduced their price target on shares of FMC from $81.00 to $79.00 and set an "overweight" rating for the company in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, FMC currently has an average rating of "Hold" and an average target price of $66.64.

FMC Stock Down 0.6 %

NYSE:FMC traded down $0.36 on Monday, hitting $62.33. The stock had a trading volume of 694,628 shares, compared to its average volume of 1,718,354. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.07 and a current ratio of 1.48. The stock has a market cap of $7.78 billion, a P/E ratio of 6.96, a price-to-earnings-growth ratio of 1.53 and a beta of 0.85. The firm's fifty day simple moving average is $63.27 and its two-hundred day simple moving average is $60.70. FMC Co. has a 1 year low of $49.49 and a 1 year high of $68.72.

FMC (NYSE:FMC - Get Free Report) last announced its earnings results on Wednesday, July 31st. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.08. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. FMC had a return on equity of 7.52% and a net margin of 33.97%. The business's revenue was up 2.4% compared to the same quarter last year. During the same period last year, the firm posted $0.50 EPS. Analysts predict that FMC Co. will post 3.4 earnings per share for the current year.

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.