Two Sigma Advisers LP Has $35.36 Million Stock Position in FMC Co. (NYSE:FMC)

Two Sigma Advisers LP decreased its position in FMC Co. (NYSE:FMC - Free Report) by 32.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 536,200 shares of the basic materials company's stock after selling 255,800 shares during the quarter. Two Sigma Advisers LP owned 0.43% of FMC worth $35,357,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Commerce Bank increased its position in shares of FMC by 3.7% during the 3rd quarter. Commerce Bank now owns 5,135 shares of the basic materials company's stock worth $339,000 after purchasing an additional 183 shares in the last quarter. Dark Forest Capital Management LP increased its position in shares of FMC by 3.1% during the 2nd quarter. Dark Forest Capital Management LP now owns 6,465 shares of the basic materials company's stock worth $372,000 after purchasing an additional 192 shares in the last quarter. HB Wealth Management LLC increased its position in shares of FMC by 3.8% during the 2nd quarter. HB Wealth Management LLC now owns 5,649 shares of the basic materials company's stock worth $325,000 after purchasing an additional 208 shares in the last quarter. UMB Bank n.a. increased its position 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 in the last quarter. Finally, First Horizon Advisors Inc. increased its position in shares of FMC by 90.8% during the 3rd 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. Institutional investors and hedge funds own 91.86% of the company's stock.

FMC Trading Down 1.1 %

Shares of NYSE FMC traded down $0.61 during mid-day trading on Friday, hitting $56.58. The company's stock had a trading volume of 1,036,712 shares, compared to its average volume of 1,149,791. The stock has a market cap of $7.06 billion, a price-to-earnings ratio of 4.87, a price-to-earnings-growth ratio of 1.55 and a beta of 0.80. 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 one year low of $50.03 and a one year high of $68.72. The company's fifty day simple moving average is $60.73 and its 200-day simple moving average is $60.38.

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, 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%. The company's revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.44 EPS. On average, sell-side analysts anticipate that FMC Co. will post 3.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, VP Jacqueline Scanlan sold 4,529 shares of FMC stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $59.67, for a total transaction of $270,245.43. Following the transaction, the vice president now 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.85% of the stock is owned by insiders.

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.