Oppenheimer Asset Management Inc. Has $1.55 Million Stake in FMC Co. (NYSE:FMC)

Oppenheimer Asset Management Inc. lessened its holdings in shares of FMC Co. (NYSE:FMC) by 72.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 23,427 shares of the basic materials company’s stock after selling 60,127 shares during the period. Oppenheimer Asset Management Inc.’s holdings in FMC were worth $1,545,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of FMC. Mather Group LLC. raised its position in FMC by 250.6% in the 3rd quarter. Mather Group LLC. now owns 554 shares of the basic materials company’s stock valued at $37,000 after buying an additional 396 shares during the last quarter. LRI Investments LLC bought a new stake in FMC in the 1st quarter valued at $39,000. UMB Bank n.a. lifted its holdings in FMC by 56.9% during the 2nd quarter. UMB Bank n.a. now owns 678 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 246 shares during the last quarter. EntryPoint Capital LLC boosted its position in FMC by 1,282.3% during the first 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 period. Finally, Summit Securities Group LLC acquired a new position in shares of FMC in the second quarter valued at $58,000. 91.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on FMC. KeyCorp cut 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. Mizuho upped their price objective on FMC from $64.00 to $70.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Barclays lifted their target price on FMC from $62.00 to $65.00 and gave the stock an “equal weight” rating in a report on Monday, August 5th. Royal Bank of Canada boosted their target price on shares of FMC from $78.00 to $81.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of FMC from $50.00 to $59.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $68.00.

FMC Trading Down 2.0 %

Shares of FMC opened at $54.39 on Monday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.09 and a current ratio of 1.48. FMC Co. has a 52-week low of $50.03 and a 52-week high of $68.72. The firm has a market cap of $6.79 billion, a price-to-earnings ratio of 4.68, a PEG ratio of 1.43 and a beta of 0.85. The business’s fifty day moving average is $62.22 and its 200-day moving average is $61.00.

FMC (NYSE:FMC) last issued its earnings results on Tuesday, October 29th. The basic materials company reported $0.69 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the firm earned $0.44 earnings per share. The business’s quarterly revenue was up 8.5% on a year-over-year basis. Equities analysts anticipate that FMC Co. will post 3.35 EPS for the current fiscal year.

Insider Activity at FMC

In other FMC news, VP Jacqueline Scanlan sold 4,529 shares of the company’s stock in a transaction dated 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 owns 28,649 shares of the company’s stock, valued at $1,709,485.83. This represents a 13.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.85% of the stock is owned by insiders.

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.