80,730 Shares in FMC Co. (NYSE:FMC) Bought by tru Independence LLC

tru Independence LLC purchased a new stake in FMC Co. (NYSE:FMC - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 80,730 shares of the basic materials company's stock, valued at approximately $5,323,000. FMC makes up about 1.6% of tru Independence LLC's portfolio, making the stock its 25th largest position. tru Independence LLC owned about 0.06% of FMC as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its stake in FMC by 35.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,061,828 shares of the basic materials company's stock valued at $322,439,000 after buying an additional 1,316,133 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of FMC by 317.7% during 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 acquiring an additional 836,179 shares during the period. Vanguard Group Inc. boosted its stake in shares of FMC by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 15,290,219 shares of the basic materials company's stock valued at $973,987,000 after purchasing an additional 768,432 shares in the last quarter. Maple Rock Capital Partners Inc. bought a new stake in shares of FMC in the 1st quarter worth about $37,686,000. Finally, Pzena Investment Management LLC acquired a new stake in shares of FMC during the 2nd quarter worth about $33,191,000. Institutional investors own 91.86% of the company's stock.

Analysts Set New Price Targets

FMC has been the subject of a number of research analyst reports. KeyCorp cut their price target on FMC from $81.00 to $79.00 and set an "overweight" rating for the company in a report on Friday, August 2nd. BMO Capital Markets increased their price target on shares of FMC from $60.00 to $65.00 and gave the company a "market perform" rating in a research note on Friday, August 2nd. Wells Fargo & Company dropped their price objective on shares of FMC from $68.00 to $62.00 and set an "equal weight" rating for the company in a research report on Tuesday, July 16th. Royal Bank of Canada increased their price objective on FMC from $78.00 to $81.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. boosted 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 equities 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. Based on data from MarketBeat.com, FMC currently has a consensus rating of "Hold" and a consensus price target of $68.00.

FMC Stock Performance

FMC stock traded down $0.61 during trading hours on Monday, reaching $59.09. The stock had a trading volume of 894,874 shares, compared to its average volume of 1,683,889. FMC Co. has a fifty-two week low of $50.03 and a fifty-two week high of $68.72. The stock has a market capitalization of $7.38 billion, a PE ratio of 5.14, a price-to-earnings-growth ratio of 1.57 and a beta of 0.85. The stock has a 50-day simple moving average of $62.87 and a 200 day simple moving average of $61.09. 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 (NYSE:FMC - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.49 by $0.20. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.04 billion. FMC had a net margin of 34.93% and a return on equity of 7.68%. The business's revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.44 EPS. Analysts predict that FMC Co. will post 3.35 EPS 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.