FMC Co. (NYSE:FMC) Shares Acquired by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale raised its holdings in shares of FMC Co. (NYSE:FMC - Free Report) by 11,158.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,073 shares of the basic materials company's stock after purchasing an additional 13,948 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in FMC were worth $917,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of FMC. Price T Rowe Associates Inc. MD lifted 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 purchasing an additional 1,316,133 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of FMC by 317.7% in the 2nd quarter. AQR Capital Management LLC now owns 1,099,389 shares of the basic materials company's stock worth $63,160,000 after acquiring an additional 836,179 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of 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 acquiring an additional 768,432 shares during the last quarter. Maple Rock Capital Partners Inc. bought a new stake in shares of FMC in the 1st quarter worth about $37,686,000. Finally, Pzena Investment Management LLC bought a new stake in shares of FMC in the 2nd quarter worth about $33,191,000. Institutional investors own 91.86% of the company's stock.

FMC Stock Performance

Shares of FMC stock traded down $1.84 during midday trading on Friday, hitting $63.15. The company had a trading volume of 1,088,860 shares, compared to its average volume of 1,000,807. The stock has a market cap of $7.88 billion, a price-to-earnings ratio of 5.43, a PEG ratio of 1.66 and a beta of 0.85. The company has a quick ratio of 1.07, a current ratio of 1.48 and a debt-to-equity ratio of 0.65. The company has a fifty day simple moving average of $63.21 and a 200 day simple moving average of $60.92. FMC Co. has a 12-month low of $49.49 and a 12-month high of $68.72.

FMC (NYSE:FMC - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.49 by $0.20. FMC had a net margin of 34.93% and a return on equity of 7.68%. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the firm posted $0.44 EPS. FMC's revenue for the quarter was up 8.5% compared to the same quarter last year. As a group, analysts predict that FMC Co. will post 3.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on FMC shares. Redburn Atlantic upgraded shares of FMC from a "hold" rating to a "strong-buy" rating in a report on Friday, July 19th. Barclays boosted their price target on FMC from $62.00 to $65.00 and gave the company an "equal weight" rating in a report on Monday, August 5th. Royal Bank of Canada raised their price objective on FMC from $78.00 to $81.00 and gave the stock an "outperform" rating in a report on Friday. KeyCorp decreased their target price on FMC from $81.00 to $79.00 and set an "overweight" rating for the company in a research report on Friday, August 2nd. Finally, Mizuho increased their price target on FMC from $64.00 to $70.00 and gave the stock a "neutral" rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target 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.