Van ECK Associates Corp Sells 12,178 Shares of FMC Co. (NYSE:FMC)

Van ECK Associates Corp lowered its stake in FMC Co. (NYSE:FMC - Free Report) by 2.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 542,917 shares of the basic materials company's stock after selling 12,178 shares during the quarter. Van ECK Associates Corp owned about 0.43% of FMC worth $33,721,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC raised its position in FMC by 396.9% in the 1st quarter. SG Americas Securities LLC now owns 70,268 shares of the basic materials company's stock valued at $4,476,000 after buying an additional 56,128 shares during the last quarter. Cetera Investment Advisers boosted its position in FMC by 483.8% during the first quarter. Cetera Investment Advisers now owns 34,781 shares of the basic materials company's stock valued at $2,216,000 after purchasing an additional 28,823 shares during the last quarter. Bayesian Capital Management LP bought a new stake in shares of FMC during the 1st quarter worth approximately $1,994,000. CWM LLC grew its stake in shares of FMC by 87.4% in the second quarter. CWM LLC now owns 17,662 shares of the basic materials company's stock valued at $1,016,000 after buying an additional 8,238 shares in the last quarter. Finally, Tidal Investments LLC raised its position in FMC by 71.8% during the first quarter. Tidal Investments LLC now owns 36,512 shares of the basic materials company's stock worth $2,321,000 after acquiring an additional 15,262 shares in the last quarter. Institutional investors own 91.86% of the company's stock.

FMC Stock Performance

FMC stock traded up $0.17 during midday trading on Tuesday, hitting $63.63. The company's stock had a trading volume of 831,707 shares, compared to its average volume of 1,690,326. FMC Co. has a 1 year low of $49.49 and a 1 year high of $68.72. The stock's 50-day moving average price is $63.17 and its 200 day moving average price is $61.00. The stock has a market cap of $7.94 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 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.65.

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

Analysts Set New Price Targets

Several equities analysts have commented on FMC shares. BMO Capital Markets upped their price objective on shares of FMC from $60.00 to $65.00 and gave the company a "market perform" rating in a report on Friday, August 2nd. Barclays raised their price objective on shares of FMC from $62.00 to $65.00 and gave the company an "equal weight" rating in a report on Monday, August 5th. Wells Fargo & Company lowered their price target on shares of FMC from $68.00 to $62.00 and set an "equal weight" rating for the company in a report on Tuesday, July 16th. Redburn Atlantic raised shares of FMC from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 19th. Finally, 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. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $68.00.

About FMC

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.