New Mexico Educational Retirement Board lessened its holdings in shares of FMC Corp (NYSE:FMC) by 8.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,132 shares of the basic materials company’s stock after selling 900 shares during the period. New Mexico Educational Retirement Board’s holdings in FMC were worth $888,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in FMC. Squar Milner Financial Services LLC lifted its holdings in shares of FMC by 51.4% during the 2nd quarter. Squar Milner Financial Services LLC now owns 383 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 130 shares in the last quarter. Princeton Global Asset Management LLC bought a new stake in FMC in the 2nd quarter valued at approximately $33,000. San Francisco Sentry Investment Group CA lifted its stake in FMC by 130.8% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 397 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 225 shares in the last quarter. Advantage Investment Management LLC lifted its stake in FMC by 248.2% in the 3rd quarter. Advantage Investment Management LLC now owns 397 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 283 shares in the last quarter. Finally, Ellevest Inc. lifted its stake in FMC by 91.2% in the 2nd quarter. Ellevest Inc. now owns 457 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 218 shares in the last quarter. Institutional investors and hedge funds own 87.98% of the company’s stock.
FMC has been the topic of several research reports. Royal Bank of Canada upgraded FMC from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $87.00 to $103.00 in a research note on Friday, August 9th. BNP Paribas initiated coverage on FMC in a research note on Wednesday, September 18th. They issued a “buy” rating and a $110.00 target price on the stock. SunTrust Banks set a $102.00 target price on FMC and gave the company a “buy” rating in a research note on Friday, November 1st. Robert W. Baird upgraded FMC from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $86.00 to $95.00 in a research note on Wednesday, October 16th. Finally, BMO Capital Markets set a $100.00 target price on FMC and gave the company a “buy” rating in a research note on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $99.00.
NYSE:FMC opened at $97.96 on Monday. The firm has a market capitalization of $12.80 billion, a price-to-earnings ratio of 15.57, a price-to-earnings-growth ratio of 1.64 and a beta of 1.47. FMC Corp has a twelve month low of $69.36 and a twelve month high of $99.34. The stock’s 50 day moving average price is $91.38 and its two-hundred day moving average price is $85.05. The company has a quick ratio of 1.15, a current ratio of 1.62 and a debt-to-equity ratio of 1.13.
FMC (NYSE:FMC) last posted its quarterly earnings results on Tuesday, October 29th. The basic materials company reported $0.94 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.14. The firm had revenue of $1,000.00 million for the quarter, compared to analyst estimates of $978.47 million. FMC had a return on equity of 27.94% and a net margin of 11.08%. The business’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.98 EPS. As a group, analysts anticipate that FMC Corp will post 5.86 earnings per share for the current year.
FMC Corporation, a diversified chemical company, provides solutions, applications, and products for the agricultural, consumer, and industrial markets worldwide. The company operates in two segments, FMC Agricultural Solutions and FMC Lithium. The FMC Agricultural Solutions segment develops, manufactures, markets, and sells crop protection chemicals, including insecticides, herbicides, and fungicides that 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.
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