Oppenheimer Asset Management Inc. Lowers Stock Holdings in FMC Co. (NYSE:FMC)

Oppenheimer Asset Management Inc. trimmed its holdings in shares of FMC Co. (NYSE:FMC - Free Report) by 72.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,427 shares of the basic materials company's stock after selling 60,127 shares during the period. Oppenheimer Asset Management Inc.'s holdings in FMC were worth $1,545,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. US Bancorp DE boosted its holdings in shares of FMC by 8.7% during the first quarter. US Bancorp DE now owns 13,410 shares of the basic materials company's stock worth $854,000 after purchasing an additional 1,072 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of FMC by 11.3% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 13,862 shares of the basic materials company's stock worth $883,000 after purchasing an additional 1,411 shares during the period. Kingsview Wealth Management LLC purchased a new stake in shares of FMC during the first quarter worth about $206,000. Vanguard Group Inc. boosted its holdings in shares of FMC by 5.3% during the first quarter. Vanguard Group Inc. now owns 15,290,219 shares of the basic materials company's stock worth $973,987,000 after purchasing an additional 768,432 shares during the period. Finally, Covestor Ltd boosted its holdings in shares of FMC by 91.2% during the first quarter. Covestor Ltd now owns 3,123 shares of the basic materials company's stock worth $199,000 after purchasing an additional 1,490 shares during the period. 91.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on FMC. Mizuho increased their target price on shares of FMC from $64.00 to $70.00 and gave the stock a "neutral" rating in a report on Friday, November 1st. Citigroup initiated coverage on shares of FMC in a research note on Wednesday, October 23rd. They issued a "neutral" rating and a $67.00 price target for the company. Royal Bank of Canada increased their price target 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. BMO Capital Markets increased their price target on shares of FMC from $60.00 to $65.00 and gave the stock a "market perform" rating in a research note on Friday, August 2nd. Finally, JPMorgan Chase & Co. increased their price target on shares of FMC from $50.00 to $59.00 and gave the stock a "neutral" rating in a research note on Monday, August 12th. One 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. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $68.00.

Insider Buying and Selling

In other news, VP Jacqueline Scanlan sold 4,529 shares of FMC stock in a transaction on Monday, November 11th. The shares were sold at an average price of $59.67, for a total transaction of $270,245.43. Following the transaction, the vice president now owns 28,649 shares in the company, valued at $1,709,485.83. This trade represents a 13.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.85% of the stock is currently owned by corporate insiders.

FMC Stock Up 1.0 %

Shares of FMC traded up $0.53 on Monday, hitting $54.92. 607,718 shares of the stock traded hands, compared to its average volume of 1,675,833. The company has a market capitalization of $6.86 billion, a PE ratio of 4.68, a P/E/G ratio of 1.43 and a beta of 0.85. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.09 and a current ratio of 1.48. The business has a 50 day simple moving average of $62.22 and a 200 day simple moving average of $61.00. FMC Co. has a one year low of $50.03 and a one year high of $68.72.

FMC (NYSE:FMC - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share for the quarter, beating 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 company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the firm earned $0.44 earnings per share. The firm's quarterly revenue was up 8.5% compared to the same quarter last year. As a group, equities analysts forecast that FMC Co. will post 3.35 earnings per share for the current fiscal year.

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.