Moody Lynn & Lieberson LLC acquired a new position in shares of FMC Corporation (NYSE:FMC) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 57,985 shares of the basic materials company’s stock, valued at approximately $5,179,000.
Other institutional investors also recently bought and sold shares of the company. Gabelli Funds LLC boosted its stake in FMC Corporation by 1.8% in the 3rd quarter. Gabelli Funds LLC now owns 34,600 shares of the basic materials company’s stock worth $3,090,000 after buying an additional 600 shares during the last quarter. Hanseatic Management Services Inc. boosted its stake in FMC Corporation by 13.3% in the 2nd quarter. Hanseatic Management Services Inc. now owns 14,350 shares of the basic materials company’s stock worth $1,048,000 after buying an additional 1,688 shares during the last quarter. Advisor Partners LLC acquired a new stake in FMC Corporation in the 3rd quarter worth about $216,000. Aperio Group LLC boosted its stake in FMC Corporation by 5.7% in the 2nd quarter. Aperio Group LLC now owns 46,329 shares of the basic materials company’s stock worth $3,384,000 after buying an additional 2,485 shares during the last quarter. Finally, Oakbrook Investments LLC boosted its stake in FMC Corporation by 27.9% in the 3rd quarter. Oakbrook Investments LLC now owns 13,290 shares of the basic materials company’s stock worth $1,187,000 after buying an additional 2,900 shares during the last quarter. Hedge funds and other institutional investors own 90.69% of the company’s stock.
In other FMC Corporation news, VP Andrea E. Utecht sold 14,174 shares of FMC Corporation stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $84.00, for a total transaction of $1,190,616.00. Following the sale, the vice president now directly owns 131,639 shares in the company, valued at approximately $11,057,676. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is owned by insiders.
A number of analysts have issued reports on the company. Credit Suisse Group set a $93.00 price target on FMC Corporation and gave the stock a “buy” rating in a research note on Thursday, August 3rd. They noted that the move was a valuation call. Nomura raised their price target on FMC Corporation from $97.00 to $106.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $110.00 price objective (up from $102.00) on shares of FMC Corporation in a research note on Thursday. BMO Capital Markets lifted their price objective on FMC Corporation from $80.00 to $90.00 and gave the company a “market perform” rating in a research note on Wednesday, November 8th. They noted that the move was a valuation call. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $92.00 price objective on shares of FMC Corporation in a research note on Friday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have given a buy rating to the company’s stock. FMC Corporation currently has a consensus rating of “Buy” and an average target price of $90.94.
FMC Corporation (NYSE:FMC) traded up $1.06 during trading on Monday, reaching $93.22. The company had a trading volume of 733,600 shares, compared to its average volume of 1,293,995. The firm has a market cap of $12,670.00, a price-to-earnings ratio of 37.44, a PEG ratio of 3.12 and a beta of 1.61. The company has a quick ratio of 1.81, a current ratio of 2.19 and a debt-to-equity ratio of 0.70. FMC Corporation has a 12-month low of $52.24 and a 12-month high of $95.08.
FMC Corporation (NYSE:FMC) last posted its quarterly earnings data on Monday, November 6th. The basic materials company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.07. FMC Corporation had a return on equity of 16.77% and a net margin of 0.78%. The company had revenue of $646.20 million for the quarter, compared to the consensus estimate of $686.21 million. During the same period in the previous year, the business earned $0.67 EPS. FMC Corporation’s revenue for the quarter was up 2.8% compared to the same quarter last year. sell-side analysts anticipate that FMC Corporation will post 2.66 earnings per share for the current year.
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FMC Corporation Company Profile
FMC Corporation is a diversified chemical company serving agricultural, consumer and industrial markets. The Company operates in three business segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. As of December 31, 2016, the FMC Agricultural Solutions segment developed, marketed and sold three classes of crop protection chemicals: insecticides, herbicides and fungicides.
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