Y Intercept Hong Kong Ltd Grows Stake in FMC Co. (NYSE:FMC)

Y Intercept Hong Kong Ltd increased its holdings in shares of FMC Co. (NYSE:FMC - Free Report) by 65.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,530 shares of the basic materials company's stock after buying an additional 13,242 shares during the period. Y Intercept Hong Kong Ltd's holdings in FMC were worth $2,211,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in FMC. Barnett & Company Inc. bought a new stake in FMC in the third quarter valued at approximately $2,265,000. Advisors Asset Management Inc. boosted its stake in shares of FMC by 27.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 43,483 shares of the basic materials company's stock valued at $2,867,000 after purchasing an additional 9,449 shares during the last quarter. Cetera Investment Advisers increased its position in shares of FMC by 483.8% during the first quarter. Cetera Investment Advisers now owns 34,781 shares of the basic materials company's stock worth $2,216,000 after buying an additional 28,823 shares during the period. tru Independence LLC bought a new position in FMC during the third quarter worth $5,323,000. Finally, First National Bank of Omaha lifted its holdings in FMC by 85.7% in the third quarter. First National Bank of Omaha now owns 33,935 shares of the basic materials company's stock valued at $2,238,000 after buying an additional 15,662 shares during the period. 91.86% of the stock is owned by institutional investors.

Insider Activity at FMC

In related news, VP Jacqueline Scanlan sold 4,529 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $59.67, for a total transaction of $270,245.43. Following the completion of the sale, the vice president now directly owns 28,649 shares of the company's stock, valued at approximately $1,709,485.83. This trade represents a 13.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.85% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on FMC. Mizuho lifted their price objective on FMC from $64.00 to $70.00 and gave the stock a "neutral" rating in a research report 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. JPMorgan Chase & Co. increased their price target on FMC from $50.00 to $59.00 and gave the stock a "neutral" rating in a report on Monday, August 12th. Finally, Royal Bank of Canada lifted their price objective on shares of FMC from $78.00 to $81.00 and gave the company an "outperform" rating in a research note 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 issued a strong buy rating to the stock. According to data from MarketBeat, FMC has an average rating of "Hold" and a consensus target price of $68.00.

FMC Stock Down 1.6 %

NYSE FMC traded down $0.93 during trading hours on Tuesday, hitting $57.25. The company's stock had a trading volume of 951,933 shares, compared to its average volume of 1,644,424. The company has a market capitalization of $7.15 billion, a PE ratio of 4.93, a price-to-earnings-growth ratio of 1.49 and a beta of 0.80. 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 Co. has a 52 week low of $50.03 and a 52 week high of $68.72. The company's 50-day simple moving average is $60.41 and its two-hundred day simple moving average is $60.31.

FMC (NYSE:FMC - Get Free Report) last announced 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 analysts' expectations of $1.04 billion. FMC had a return on equity of 7.68% and a net margin of 34.93%. FMC's quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.44 earnings per share. Research analysts anticipate 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.