Point72 Asset Management L.P. acquired a new position in shares of FMC Co. (NYSE:FMC - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 85,270 shares of the basic materials company's stock, valued at approximately $5,623,000. Point72 Asset Management L.P. owned 0.07% of FMC as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the business. AQR Capital Management LLC boosted its stake in shares of FMC by 317.7% in the second quarter. AQR Capital Management LLC now owns 1,099,389 shares of the basic materials company's stock valued at $63,160,000 after purchasing an additional 836,179 shares during the period. Pzena Investment Management LLC acquired a new stake in shares of FMC during the second quarter valued at about $33,191,000. Ilex Capital Partners UK LLP increased its position in shares of FMC by 2,129.4% during the third quarter. Ilex Capital Partners UK LLP now owns 440,353 shares of the basic materials company's stock worth $29,037,000 after acquiring an additional 420,601 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of FMC by 116.8% in the second quarter. Van ECK Associates Corp now owns 555,095 shares of the basic materials company's stock worth $31,946,000 after acquiring an additional 299,097 shares in the last quarter. Finally, Mizuho Securities USA LLC grew its stake in FMC by 2,531.3% during the 3rd quarter. Mizuho Securities USA LLC now owns 253,179 shares of the basic materials company's stock valued at $16,695,000 after purchasing an additional 243,557 shares in the last quarter. Institutional investors and hedge funds own 91.86% of the company's stock.
Insider Buying and Selling
In other FMC news, VP Jacqueline Scanlan sold 4,529 shares of the company's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $59.67, for a total value of $270,245.43. Following the completion of the sale, the vice president now directly owns 28,649 shares of the company's stock, valued at approximately $1,709,485.83. This represents a 13.65 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.81% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on FMC shares. Mizuho lifted their price target on shares of FMC from $64.00 to $70.00 and gave the stock a "neutral" rating in a research note on Friday, November 1st. 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 report on Friday, November 1st. Citigroup initiated coverage on FMC in a report on Wednesday, October 23rd. They issued a "neutral" rating and a $67.00 price objective for the company. Finally, JPMorgan Chase & Co. lifted their target price on FMC from $50.00 to $59.00 and gave the stock a "neutral" rating in a research report 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $68.00.
Check Out Our Latest Research Report on FMC
FMC Stock Performance
Shares of FMC stock traded up $1.81 during trading on Monday, hitting $58.39. 970,381 shares of the stock were exchanged, compared to its average volume of 1,645,714. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.09 and a current ratio of 1.48. FMC Co. has a 12 month low of $50.03 and a 12 month high of $68.72. The stock's fifty day moving average is $60.73 and its 200 day moving average is $60.36. The stock has a market cap of $7.29 billion, a PE ratio of 4.87, a P/E/G ratio of 1.49 and a beta of 0.80.
FMC (NYSE:FMC - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The basic materials company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.49 by $0.20. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.04 billion. FMC had a net margin of 34.93% and a return on equity of 7.68%. FMC's revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.44 earnings per share. As a group, sell-side analysts anticipate that FMC Co. will post 3.35 EPS for the current year.
About FMC
(
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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