FMC (NYSE:FMC) VP Sells $32,291.50 in Stock

FMC Corporation (NYSE:FMC) VP Jacqueline Scanlan sold 4,930 shares of the stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $6.55, for a total value of $32,291.50. Following the completion of the transaction, the vice president owned 58,628 shares of the company’s stock, valued at $384,013.40. This trade represents a 7.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

FMC Trading Down 7.3%

Shares of FMC opened at $5.62 on Friday. The business’s 50-day moving average price is $8.63 and its 200 day moving average price is $12.23. The company has a current ratio of 1.66, a quick ratio of 1.18 and a debt-to-equity ratio of 416.31. The stock has a market capitalization of $875.02 million, a P/E ratio of -0.17 and a beta of 0.50. FMC Corporation has a 1-year low of $4.37 and a 1-year high of $18.29.

FMC (NYSE:FMC) last posted its quarterly earnings data on Thursday, October 29th. The basic materials company reported ($4.41) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($4.49). FMC had a negative net margin of 151.18% and a negative return on equity of 30.77%. The firm had revenue of $105.90 million for the quarter, compared to analysts’ expectations of $487.63 million. During the same period in the prior year, the company posted $0.89 earnings per share. FMC’s quarterly revenue was down 80.5% compared to the same quarter last year. Analysts expect that FMC Corporation will post -3.71 earnings per share for the current year.

Institutional Trading of FMC

Hedge funds have recently made changes to their positions in the stock. Pinnacle Wealth Planning Services Inc. boosted its holdings in shares of FMC by 1,292.2% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 3,411 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 3,166 shares during the period. IFP Advisors Inc increased its stake in FMC by 99.0% in the 2nd quarter. IFP Advisors Inc now owns 2,726 shares of the basic materials company’s stock valued at $31,000 after buying an additional 1,356 shares during the period. Root Financial Partners LLC increased its stake in FMC by 3,642.9% in the 1st quarter. Root Financial Partners LLC now owns 1,834 shares of the basic materials company’s stock valued at $32,000 after buying an additional 1,785 shares during the period. Essential Partners LLC purchased a new stake in FMC in the 1st quarter worth approximately $43,000. Finally, Nykredit A S purchased a new stake in FMC in the 2nd quarter worth approximately $55,000. 91.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. UBS Group decreased their price objective on shares of FMC from $10.00 to $6.50 and set a “neutral” rating for the company in a research note on Tuesday, November 3rd. Morgan Stanley cut their target price on shares of FMC from $12.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Monday, November 2nd. KeyCorp began coverage on FMC in a report on Friday, September 11th. They issued an “overweight” rating and a $16.00 target price for the company. Weiss Ratings lowered FMC from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, November 2nd. Finally, JPMorgan Chase & Co. decreased their target price on FMC from $16.00 to $12.00 and set a “neutral” rating for the company in a research report on Friday, July 31st. Three investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $10.71.

FMC Company Profile

FMC Corporation (NYSE: FMC) is an agricultural sciences company that develops and markets crop protection products and technologies. Its portfolio is designed to help farmers manage weeds, insects and diseases that can affect crop yields and quality.

The company’s products include herbicides, insecticides, fungicides, biological crop protection products and seed treatment solutions. FMC also develops crop health technologies and digital tools intended to support more precise and efficient agricultural applications.

FMC serves farmers, agricultural retailers and distributors in major farming regions around the world, with products used across a broad range of crops.