First Horizon Advisors Inc. Buys 246 Shares of FMC Co. (NYSE:FMC)

First Horizon Advisors Inc. raised its stake in shares of FMC Co. (NYSE:FMC) by 90.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 517 shares of the basic materials company’s stock after purchasing an additional 246 shares during the period. First Horizon Advisors Inc.’s holdings in FMC were worth $34,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. California State Teachers Retirement System lifted its position in FMC by 11.0% during the first quarter. California State Teachers Retirement System now owns 322,693 shares of the basic materials company’s stock valued at $20,556,000 after purchasing an additional 31,858 shares during the last quarter. Tidal Investments LLC grew its position in FMC by 71.8% in the first quarter. Tidal Investments LLC now owns 36,512 shares of the basic materials company’s stock worth $2,321,000 after acquiring an additional 15,262 shares in the last quarter. Comerica Bank increased its stake in FMC by 23.0% during the first quarter. Comerica Bank now owns 45,814 shares of the basic materials company’s stock worth $2,918,000 after acquiring an additional 8,562 shares during the last quarter. Jaffetilchin Investment Partners LLC purchased a new stake in FMC during the first quarter valued at approximately $238,000. Finally, WealthPlan Investment Management LLC lifted its stake in shares of FMC by 99.3% in the 1st quarter. WealthPlan Investment Management LLC now owns 21,119 shares of the basic materials company’s stock valued at $1,345,000 after purchasing an additional 10,523 shares during the last quarter. 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 shares were 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 owns 28,649 shares of the company’s stock, valued at $1,709,485.83. This represents a 13.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.81% of the stock is owned by corporate insiders.

FMC Stock Performance

FMC stock opened at $60.62 on Tuesday. 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 business has a 50-day moving average price of $61.69 and a 200 day moving average price of $60.74. The company has a market capitalization of $7.57 billion, a P/E ratio of 5.22, a PEG ratio of 1.55 and a beta of 0.85.

FMC (NYSE:FMC) last released its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.20. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.04 billion. FMC had a net margin of 34.93% and a return on equity of 7.68%. The company’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period last year, the firm earned $0.44 earnings per share. As a group, equities research analysts forecast that FMC Co. will post 3.35 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. JPMorgan Chase & Co. increased their price target on FMC from $50.00 to $59.00 and gave the company a “neutral” rating in a report on Monday, August 12th. KeyCorp lowered their target price on shares of FMC from $81.00 to $79.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Royal Bank of Canada upped their price target on shares of FMC from $78.00 to $81.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Citigroup started coverage on shares of FMC in a research note on Wednesday, October 23rd. They issued a “neutral” rating and a $67.00 price objective for the company. Finally, Mizuho upped their target price on FMC from $64.00 to $70.00 and gave the company a “neutral” 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 assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $68.00.

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.