Paloma Partners Management Co trimmed its holdings in shares of FMC Co. (NYSE:FMC - Free Report) by 72.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,205 shares of the basic materials company's stock after selling 21,640 shares during the quarter. Paloma Partners Management Co's holdings in FMC were worth $541,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the company. First Horizon Advisors Inc. boosted its position in shares of FMC by 90.8% during the third quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company's stock worth $34,000 after purchasing an additional 246 shares in the last quarter. Mather Group LLC. increased its stake in FMC by 250.6% in the 3rd quarter. Mather Group LLC. now owns 554 shares of the basic materials company's stock valued at $37,000 after buying an additional 396 shares during the last quarter. UMB Bank n.a. increased its stake in shares of FMC by 56.9% during the 2nd quarter. UMB Bank n.a. now owns 678 shares of the basic materials company's stock worth $39,000 after purchasing an additional 246 shares during the last quarter. Peterson Financial Group Inc. acquired a new position in shares of FMC during the 3rd quarter worth about $51,000. Finally, Brooklyn Investment Group acquired a new position in shares of FMC during the 3rd quarter worth about $52,000. 91.86% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other FMC news, VP Jacqueline Scanlan sold 4,529 shares of the company's stock in a transaction that occurred 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 sale, the vice president now owns 28,649 shares in the company, valued at approximately $1,709,485.83. This represents a 13.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.81% of the stock is currently owned by corporate insiders.
FMC Stock Performance
NYSE FMC traded down $0.52 on Wednesday, reaching $59.01. 980,311 shares of the stock were exchanged, compared to its average volume of 1,652,865. FMC Co. has a one year low of $50.03 and a one year high of $68.72. The firm has a market capitalization of $7.37 billion, a PE ratio of 5.12, a PEG ratio of 1.56 and a beta of 0.80. The company's 50-day simple moving average is $61.20 and its two-hundred day simple moving average is $60.49. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.65.
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, topping the consensus estimate of $0.49 by $0.20. The company had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1.04 billion. FMC had a net margin of 34.93% and a return on equity of 7.68%. FMC's quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.44 earnings per share. Analysts expect that FMC Co. will post 3.35 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of analysts have issued reports on FMC shares. JPMorgan Chase & Co. boosted their price objective on shares of FMC from $50.00 to $59.00 and gave the company a "neutral" rating in a report on Monday, August 12th. Royal Bank of Canada increased their price objective on shares of FMC from $78.00 to $81.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Mizuho upped 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, 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 for the company. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, FMC presently has an average rating of "Hold" and a consensus target price of $68.00.
View Our Latest Report on FMC
FMC Profile
(
Free Report)
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.
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