Metis Global Partners LLC Purchases 1,672 Shares of FMC Co. (NYSE:FMC)

Metis Global Partners LLC grew its position in shares of FMC Co. (NYSE:FMC) by 15.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,430 shares of the basic materials company’s stock after purchasing an additional 1,672 shares during the quarter. Metis Global Partners LLC’s holdings in FMC were worth $820,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Huntington National Bank grew its position in FMC by 56.1% during the third quarter. Huntington National Bank now owns 1,308 shares of the basic materials company’s stock valued at $86,000 after acquiring an additional 470 shares during the last quarter. Barnett & Company Inc. bought a new position in shares of FMC during the 3rd quarter valued at $2,265,000. Aigen Investment Management LP purchased a new position in FMC in the 3rd quarter worth $350,000. New South Capital Management Inc. lifted its stake in FMC by 1.5% in the third quarter. New South Capital Management Inc. now owns 665,979 shares of the basic materials company’s stock worth $43,915,000 after purchasing an additional 9,834 shares during the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd boosted its position in FMC by 20.7% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 4,574 shares of the basic materials company’s stock valued at $302,000 after buying an additional 784 shares during the period. 91.86% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP Jacqueline Scanlan sold 4,529 shares of the stock in a transaction dated Monday, November 11th. The shares were 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 directly owns 28,649 shares in the company, valued at $1,709,485.83. This trade represents a 13.65 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on FMC shares. Royal Bank of Canada lifted their price objective on FMC from $78.00 to $81.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Barclays boosted their price objective on FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a research report on Monday, August 5th. Mizuho raised their target price on shares of FMC from $64.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Citigroup began coverage on shares of FMC in a research note on Wednesday, October 23rd. They issued a “neutral” rating and a $67.00 target price on the stock. Finally, KeyCorp dropped their price target on shares of FMC from $81.00 to $79.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, ten have given 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, the company currently has an average rating of “Hold” and an average price target of $68.00.

FMC Price Performance

FMC stock opened at $54.39 on Monday. 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 firm has a 50-day moving average of $62.22 and a 200 day moving average of $61.00. The company has a market cap of $6.79 billion, a P/E ratio of 4.68, a PEG ratio of 1.43 and a beta of 0.85.

FMC (NYSE:FMC) last announced its earnings results on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the prior year, the company earned $0.44 EPS. The business’s revenue was up 8.5% compared to the same quarter last year. On average, sell-side analysts forecast that FMC Co. will post 3.35 EPS for the current 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.