FMC Co. (NYSE:FMC) Stock Position Lowered by Rakuten Securities Inc.

Rakuten Securities Inc. lessened its holdings in FMC Co. (NYSE:FMC - Free Report) by 94.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 584 shares of the basic materials company's stock after selling 9,799 shares during the period. Rakuten Securities Inc.'s holdings in FMC were worth $39,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Mather Group LLC. raised its position in shares of FMC by 250.6% in the third 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. LRI Investments LLC acquired a new stake in shares of FMC during the first quarter worth $39,000. UMB Bank n.a. increased its stake in FMC by 56.9% in the second quarter. UMB Bank n.a. now owns 678 shares of the basic materials company's stock valued at $39,000 after purchasing an additional 246 shares during the last quarter. Sentry Investment Management LLC purchased a new position in FMC during the first quarter worth about $45,000. Finally, EntryPoint Capital LLC boosted its stake in FMC by 1,282.3% in the 1st quarter. EntryPoint Capital LLC now owns 857 shares of the basic materials company's stock worth $55,000 after buying an additional 795 shares during the last quarter. 91.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FMC. Barclays upped their price objective on shares of FMC from $62.00 to $65.00 and gave the company an "equal weight" rating in a research note on Monday, August 5th. Redburn Atlantic upgraded shares of FMC from a "hold" rating to a "strong-buy" rating in a report on Friday, July 19th. Mizuho boosted their price objective on shares of FMC from $64.00 to $70.00 and gave the company a "neutral" rating in a research note on Friday, November 1st. Wells Fargo & Company cut their target price on FMC from $68.00 to $62.00 and set an "equal weight" rating on the stock in a research report on Tuesday, July 16th. Finally, Citigroup assumed coverage on FMC in a research report on Wednesday, October 23rd. They set a "neutral" rating and a $67.00 price target for the company. One research analyst has rated the stock with a sell rating, ten have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $68.00.

Insider Activity

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 transaction, the vice president now owns 28,649 shares in the company, valued at approximately $1,709,485.83. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.85% of the company's stock.

FMC Stock Performance

Shares of FMC stock traded down $0.21 on Wednesday, hitting $55.73. 1,368,291 shares of the stock traded hands, compared to its average volume of 1,684,039. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.48 and a quick ratio of 1.09. FMC Co. has a 1-year low of $50.03 and a 1-year high of $68.72. The company's fifty day moving average is $62.63 and its 200 day moving average is $61.08. The company has a market capitalization of $6.96 billion, a PE ratio of 4.83, a PEG ratio of 1.47 and a beta of 0.85.

FMC (NYSE:FMC - Get Free Report) last issued its 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. The firm 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 revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the company posted $0.44 earnings per share. On average, equities research analysts predict that FMC Co. will post 3.35 earnings per share for the current fiscal year.

FMC 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.