FMC Co. (NYSE:FMC) Shares Purchased by CIBC Asset Management Inc

CIBC Asset Management Inc raised its holdings in FMC Co. (NYSE:FMC) by 8.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 17,433 shares of the basic materials company’s stock after acquiring an additional 1,310 shares during the quarter. CIBC Asset Management Inc’s holdings in FMC were worth $1,150,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Mather Group LLC. grew its stake in FMC by 250.6% during the 3rd quarter. Mather Group LLC. now owns 554 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 396 shares in the last quarter. LRI Investments LLC acquired a new stake in FMC in the first quarter valued at approximately $39,000. UMB Bank n.a. lifted its stake in FMC by 56.9% in the second quarter. UMB Bank n.a. now owns 678 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 246 shares during the last quarter. EntryPoint Capital LLC lifted its position in shares of FMC by 1,282.3% during the 1st quarter. EntryPoint Capital LLC now owns 857 shares of the basic materials company’s stock worth $55,000 after purchasing an additional 795 shares during the last quarter. Finally, Summit Securities Group LLC acquired a new position in shares of FMC during the 2nd quarter worth about $58,000. Institutional investors and hedge funds own 91.86% of the company’s stock.

Insiders Place Their Bets

In related news, VP Jacqueline Scanlan sold 4,529 shares of the company’s stock in a transaction on Monday, November 11th. The stock was 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 approximately $1,709,485.83. This represents a 13.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.85% of the stock is owned by corporate insiders.

FMC Stock Up 2.9 %

FMC stock opened at $57.20 on Thursday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.48 and a quick ratio of 1.09. The company’s 50 day simple moving average is $61.91 and its 200-day simple moving average is $60.89. FMC Co. has a 12 month low of $50.03 and a 12 month high of $68.72. The firm has a market capitalization of $7.14 billion, a PE ratio of 4.92, a P/E/G ratio of 1.43 and a beta of 0.85.

FMC (NYSE:FMC) last released its quarterly earnings results on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.20. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.04 billion. FMC had a return on equity of 7.68% and a net margin of 34.93%. FMC’s revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.44 earnings per share. Equities analysts expect that FMC Co. will post 3.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on FMC. Mizuho increased their target price on shares of FMC from $64.00 to $70.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Citigroup assumed coverage on FMC in a report on Wednesday, October 23rd. They issued a “neutral” rating and a $67.00 target price on the stock. KeyCorp reduced their target price on shares of FMC from $81.00 to $79.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. JPMorgan Chase & Co. increased their price target on shares of FMC from $50.00 to $59.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Finally, BMO Capital Markets lifted their price objective on FMC from $60.00 to $65.00 and gave the company a “market perform” rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $68.00.

FMC Company 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.