Townsquare Capital LLC Cuts Stake in FMC Co. (NYSE:FMC)

Townsquare Capital LLC lessened its position in shares of FMC Co. (NYSE:FMC - Free Report) by 81.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,950 shares of the basic materials company's stock after selling 44,205 shares during the period. Townsquare Capital LLC's holdings in FMC were worth $656,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its holdings in FMC by 1.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,136,344 shares of the basic materials company's stock worth $74,931,000 after acquiring an additional 20,350 shares in the last quarter. AQR Capital Management LLC grew its holdings in FMC by 317.7% during the 2nd quarter. AQR Capital Management LLC now owns 1,099,389 shares of the basic materials company's stock worth $63,160,000 after acquiring an additional 836,179 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in FMC by 2.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 858,129 shares of the basic materials company's stock worth $49,385,000 after acquiring an additional 17,381 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in FMC by 9.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 721,879 shares of the basic materials company's stock worth $41,543,000 after acquiring an additional 64,055 shares in the last quarter. Finally, New South Capital Management Inc. grew its holdings in FMC by 1.5% during the 3rd quarter. New South Capital Management Inc. now owns 665,979 shares of the basic materials company's stock worth $43,915,000 after acquiring an additional 9,834 shares in the last quarter. Institutional investors and hedge funds own 91.86% of the company's stock.

Wall Street Analyst Weigh In

FMC has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their target price on shares of FMC from $50.00 to $59.00 and gave the company a "neutral" rating in a report on Monday, August 12th. Citigroup initiated coverage on shares of FMC in a report on Wednesday, October 23rd. They issued a "neutral" rating and a $67.00 target price for the company. Mizuho upped their target price on shares of FMC from $64.00 to $70.00 and gave the company a "neutral" rating in a report on Friday, November 1st. Finally, Royal Bank of Canada upped their target price on shares of FMC from $78.00 to $81.00 and gave the company an "outperform" rating in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, FMC currently has an average rating of "Hold" and an average price target of $68.00.

Insider Activity at FMC

In other FMC news, VP Jacqueline Scanlan sold 4,529 shares of the firm's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $59.67, for a total transaction of $270,245.43. Following the sale, the vice president now directly owns 28,649 shares of the company's stock, valued at $1,709,485.83. This trade represents a 13.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.81% of the stock is owned by corporate insiders.

FMC Price Performance

Shares of NYSE:FMC traded down $0.34 on Wednesday, reaching $59.19. 345,710 shares of the company were exchanged, compared to its average volume of 1,649,965. The firm has a market cap of $7.39 billion, a price-to-earnings ratio of 5.12, a price-to-earnings-growth ratio of 1.56 and a beta of 0.80. FMC Co. has a 1-year low of $50.03 and a 1-year high of $68.72. The company has a 50-day moving average of $61.20 and a 200-day moving average of $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 issued its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $0.69 EPS for the quarter, beating 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%. The firm's revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.44 EPS. 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.