Weiss Asset Management LP Acquires Shares of 16,366 FMC Co. (NYSE:FMC)

Weiss Asset Management LP purchased a new position in shares of FMC Co. (NYSE:FMC - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 16,366 shares of the basic materials company's stock, valued at approximately $1,079,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in FMC. Cetera Investment Advisers boosted its holdings in FMC by 483.8% in the first quarter. Cetera Investment Advisers now owns 34,781 shares of the basic materials company's stock valued at $2,216,000 after acquiring an additional 28,823 shares during the last quarter. CWM LLC boosted its holdings in FMC by 87.4% in the second quarter. CWM LLC now owns 17,662 shares of the basic materials company's stock valued at $1,016,000 after acquiring an additional 8,238 shares during the last quarter. Czech National Bank boosted its holdings in FMC by 8.4% in the second quarter. Czech National Bank now owns 23,785 shares of the basic materials company's stock valued at $1,369,000 after acquiring an additional 1,837 shares during the last quarter. M&G Plc boosted its holdings in FMC by 5.1% in the second quarter. M&G Plc now owns 88,742 shares of the basic materials company's stock valued at $5,147,000 after acquiring an additional 4,338 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in FMC by 28.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 17,244 shares of the basic materials company's stock valued at $992,000 after acquiring an additional 3,822 shares during the last quarter. 91.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

FMC Stock Up 2.8 %

Shares of NYSE:FMC traded up $1.61 during trading on Monday, reaching $58.19. 1,331,443 shares of the stock were exchanged, compared to its average volume of 1,647,348. 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 stock has a fifty day moving average of $60.73 and a two-hundred day moving average of $60.36. The firm has a market cap of $7.26 billion, a price-to-earnings ratio of 4.87, a price-to-earnings-growth ratio of 1.49 and a beta of 0.80.

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 for the quarter, topping analysts' consensus estimates 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 return on equity of 7.68% and a net margin of 34.93%. FMC's revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.44 earnings per share. Research analysts anticipate that FMC Co. will post 3.35 earnings per share for the current fiscal year.

Insider Activity at FMC

In other FMC news, VP Jacqueline Scanlan sold 4,529 shares of the company's stock in a transaction on Monday, November 11th. The stock was 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 $1,709,485.83. This represents a 13.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.81% of the stock is currently owned by insiders.

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.