UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 488,827 Shares of FMC Co. (NYSE:FMC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its stake in FMC Co. (NYSE:FMC - Free Report) by 30.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,130,070 shares of the basic materials company's stock after selling 488,827 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.91% of FMC worth $74,517,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. AQR Capital Management LLC lifted its holdings in 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 purchasing an additional 836,179 shares during the last quarter. Pzena Investment Management LLC bought a new position in FMC in the 2nd quarter worth approximately $33,191,000. Van ECK Associates Corp grew its stake in FMC by 116.8% in the 2nd quarter. Van ECK Associates Corp now owns 555,095 shares of the basic materials company's stock valued at $31,946,000 after buying an additional 299,097 shares in the last quarter. Mizuho Securities USA LLC raised its holdings 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 acquiring an additional 243,557 shares during the period. Finally, Federated Hermes Inc. purchased a new stake in shares of FMC during the second quarter worth $13,492,000. 91.86% of the stock is owned by institutional investors.

FMC Stock Performance

Shares of FMC stock traded up $0.15 during trading on Tuesday, hitting $59.53. 1,303,058 shares of the company's stock traded hands, compared to its average volume of 1,655,777. FMC Co. has a 1 year low of $50.03 and a 1 year high of $68.72. The business has a 50-day simple moving average of $61.30 and a 200-day simple moving average of $60.52. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.48 and a quick ratio of 1.09. The stock has a market capitalization of $7.43 billion, a P/E ratio of 5.12, a PEG ratio of 1.56 and a beta of 0.80.

FMC (NYSE:FMC - Get Free Report) last released its quarterly 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. FMC had a return on equity of 7.68% and a net margin of 34.93%. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the business posted $0.44 EPS. The company's revenue for the quarter was up 8.5% on a year-over-year basis. As a group, analysts forecast that FMC Co. will post 3.35 EPS for the current year.

Insiders Place Their Bets

In other news, VP Jacqueline Scanlan sold 4,529 shares of FMC stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $59.67, for a total transaction of $270,245.43. Following the transaction, the vice president now directly owns 28,649 shares of the company's stock, valued at $1,709,485.83. The trade was a 13.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.81% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on FMC. Mizuho raised their target price on FMC from $64.00 to $70.00 and gave the stock a "neutral" rating in a research note on Friday, November 1st. Barclays boosted 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. JPMorgan Chase & Co. increased their target price on shares of FMC from $50.00 to $59.00 and gave the stock a "neutral" rating in a research note on Monday, August 12th. Royal Bank of Canada upped their price target on shares of FMC from $78.00 to $81.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Finally, Citigroup began coverage on FMC in a research note on Wednesday, October 23rd. They set a "neutral" rating and a $67.00 price objective for the company. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have issued 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 a consensus rating of "Hold" and a consensus target price of $68.00.

FMC Company 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.