Aperio Group LLC increased its position in FMC Co. (NYSE:FMC) by 12.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 168,055 shares of the basic materials company’s stock after buying an additional 18,519 shares during the quarter. Aperio Group LLC owned about 0.13% of FMC worth $17,799,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the company. Louisiana State Employees Retirement System lifted its holdings in shares of FMC by 1.8% during the second quarter. Louisiana State Employees Retirement System now owns 5,600 shares of the basic materials company’s stock valued at $558,000 after purchasing an additional 100 shares during the last quarter. Seelaus Asset Management LLC boosted its stake in shares of FMC by 1.0% during the 2nd quarter. Seelaus Asset Management LLC now owns 10,500 shares of the basic materials company’s stock worth $1,046,000 after acquiring an additional 100 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in shares of FMC by 4.1% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 2,677 shares of the basic materials company’s stock worth $267,000 after acquiring an additional 106 shares in the last quarter. Xponance Inc. boosted its stake in shares of FMC by 1.4% during the 3rd quarter. Xponance Inc. now owns 7,935 shares of the basic materials company’s stock worth $840,000 after acquiring an additional 113 shares in the last quarter. Finally, Creative Planning boosted its stake in shares of FMC by 1.5% during the 2nd quarter. Creative Planning now owns 8,568 shares of the basic materials company’s stock worth $854,000 after acquiring an additional 126 shares in the last quarter. Institutional investors and hedge funds own 88.35% of the company’s stock.
Several research firms have recently issued reports on FMC. Zacks Investment Research downgraded FMC from a “buy” rating to a “hold” rating and set a $113.00 price target for the company. in a research note on Wednesday, October 21st. ValuEngine upgraded FMC from a “sell” rating to a “hold” rating in a research note on Friday, August 7th. KeyCorp upped their price target on FMC from $119.00 to $121.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 4th. Cleveland Research initiated coverage on FMC in a research note on Tuesday, September 15th. They set a “neutral” rating for the company. Finally, Credit Suisse Group increased their target price on FMC from $128.00 to $135.00 and gave the company an “outperform” rating in a research note on Wednesday, November 4th. Four analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. FMC currently has an average rating of “Buy” and a consensus target price of $117.81.
In other news, CEO Mark Douglas sold 52,480 shares of FMC stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $109.40, for a total value of $5,741,312.00. Following the completion of the sale, the chief executive officer now directly owns 40,928 shares of the company’s stock, valued at approximately $4,477,523.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.99% of the stock is currently owned by company insiders.
FMC stock opened at $108.60 on Monday. The business has a fifty day moving average price of $106.46 and a 200 day moving average price of $103.22. FMC Co. has a fifty-two week low of $56.77 and a fifty-two week high of $115.90. The stock has a market capitalization of $14.09 billion, a price-to-earnings ratio of 28.43, a P/E/G ratio of 1.50 and a beta of 1.03. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.70 and a quick ratio of 1.17.
FMC (NYSE:FMC) last released its quarterly earnings results on Saturday, November 7th. The basic materials company reported $1.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.11. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.07 billion. FMC had a return on equity of 30.81% and a net margin of 10.64%. The business’s revenue was up 6.9% on a year-over-year basis. During the same period last year, the firm posted $0.94 EPS. On average, equities analysts expect that FMC Co. will post 6.53 earnings per share for the current fiscal year.
FMC Company Profile
FMC Corporation, an agricultural sciences company, provides crop protection, plant health, and professional pest and turf management products. The company develop, markets, and sells crop protection chemicals, which include insecticides, herbicides, and fungicides that are used in agriculture to enhance crop yield and quality by controlling a range of insects, weeds, and disease, as well as in non-agricultural markets for pest control.
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