FMC Co. (NYSE:FMC) Shares Sold by NFJ Investment Group LLC

NFJ Investment Group LLC lowered its stake in FMC Co. (NYSE:FMC) by 9.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 472,207 shares of the basic materials company’s stock after selling 51,609 shares during the period. NFJ Investment Group LLC’s holdings in FMC were worth $31,137,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its stake in FMC by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,136,344 shares of the basic materials company’s stock worth $74,931,000 after purchasing an additional 20,350 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of 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 valued at $63,160,000 after acquiring an additional 836,179 shares in the last quarter. Bank of New York Mellon Corp boosted 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 during the period. Dimensional Fund Advisors LP raised its stake in FMC by 9.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 721,879 shares of the basic materials company’s stock valued at $41,543,000 after purchasing an additional 64,055 shares during the period. Finally, New South Capital Management Inc. lifted its holdings in shares of FMC by 1.5% in the third quarter. New South Capital Management Inc. now owns 665,979 shares of the basic materials company’s stock valued at $43,915,000 after purchasing an additional 9,834 shares in the last quarter. Institutional investors and hedge funds own 91.86% of the company’s stock.

Analyst Upgrades and Downgrades

FMC has been the topic of a number of research analyst reports. Citigroup assumed coverage on shares of FMC in a research report on Wednesday, October 23rd. They set a “neutral” rating and a $67.00 price objective on the stock. JPMorgan Chase & Co. increased their price objective on FMC from $50.00 to $59.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Royal Bank of Canada boosted their target price on shares of FMC from $78.00 to $81.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Mizuho upped their price objective on shares of FMC from $64.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Finally, Barclays increased their price objective on FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $68.00.

FMC Stock Performance

NYSE:FMC traded up $0.62 during trading hours on Tuesday, hitting $60.00. 107,046 shares of the company traded hands, compared to its average volume of 1,650,324. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $7.49 billion, a price-to-earnings ratio of 5.11, a P/E/G ratio of 1.56 and a beta of 0.80. The firm has a 50-day moving average of $61.38 and a 200 day moving average of $60.56. FMC Co. has a twelve month low of $50.03 and a twelve month high of $68.72.

FMC (NYSE:FMC) last issued 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 firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the company posted $0.44 earnings per share. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. On average, analysts forecast that FMC Co. will post 3.35 EPS for the current year.

Insider Transactions at FMC

In other news, VP Jacqueline Scanlan sold 4,529 shares of the company’s 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.81% of the stock is owned by insiders.

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.