FMC Co. (NYSE:FMC) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems reduced its position in shares of FMC Co. (NYSE:FMC) by 7.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,696 shares of the basic materials company’s stock after selling 710 shares during the period. Kentucky Retirement Systems’ holdings in FMC were worth $573,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in FMC by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 15,290,219 shares of the basic materials company’s stock worth $973,987,000 after purchasing an additional 768,432 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in FMC by 35.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,061,828 shares of the basic materials company’s stock worth $322,439,000 after purchasing an additional 1,316,133 shares in the last quarter. AQR Capital Management LLC increased its stake in FMC by 317.7% in the 2nd quarter. AQR Capital Management LLC now owns 1,099,389 shares of the basic materials company’s stock worth $63,160,000 after purchasing an additional 836,179 shares in the last quarter. Bank of New York Mellon Corp increased its stake in FMC by 2.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 858,129 shares of the basic materials company’s stock worth $49,385,000 after purchasing an additional 17,381 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in FMC by 9.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 721,879 shares of the basic materials company’s stock worth $41,543,000 after purchasing an additional 64,055 shares in the last quarter. 91.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

FMC has been the topic of a number of analyst reports. Citigroup initiated coverage on FMC in a research note on Wednesday, October 23rd. They issued a “neutral” rating and a $67.00 price target on the stock. BMO Capital Markets lifted their price target on FMC from $60.00 to $65.00 and gave the stock a “market perform” rating in a research note on Friday, August 2nd. Mizuho raised their price objective on FMC from $64.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. KeyCorp decreased their price objective on FMC from $81.00 to $79.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Finally, Royal Bank of Canada raised their price objective on FMC from $78.00 to $81.00 and gave the stock an “outperform” rating in a research report 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $68.00.

FMC Stock Up 0.7 %

Shares of FMC stock opened at $55.60 on Wednesday. The firm has a market cap of $6.94 billion, a price-to-earnings ratio of 4.78, a P/E/G ratio of 1.43 and a beta of 0.85. 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 52-week low of $50.03 and a 52-week high of $68.72. The stock has a 50-day simple moving average of $61.99 and a 200-day simple moving average of $60.92.

FMC (NYSE:FMC) last announced its quarterly earnings results on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the company earned $0.44 EPS. The firm’s revenue was up 8.5% on a year-over-year basis. On average, equities research analysts expect that FMC Co. will post 3.35 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other FMC news, VP Jacqueline Scanlan sold 4,529 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.85% of the company’s stock.

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.