FMC Co. (NYSE:FMC) Shares Sold by Swiss National Bank

Swiss National Bank reduced its position in FMC Co. (NYSE:FMC) by 0.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 243,800 shares of the basic materials company’s stock after selling 2,000 shares during the period. Swiss National Bank owned about 0.20% of FMC worth $16,076,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in FMC. EntryPoint Capital LLC increased its position in shares of FMC by 1,282.3% in the first quarter. EntryPoint Capital LLC now owns 857 shares of the basic materials company’s stock worth $55,000 after acquiring an additional 795 shares in the last quarter. CreativeOne Wealth LLC increased its position in shares of FMC by 6.7% in the first quarter. CreativeOne Wealth LLC now owns 3,926 shares of the basic materials company’s stock worth $250,000 after acquiring an additional 246 shares in the last quarter. LRI Investments LLC purchased a new position in shares of FMC in the first quarter worth approximately $41,000. Price T Rowe Associates Inc. MD increased its position in shares of FMC by 35.1% in the first 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 acquiring an additional 1,316,133 shares in the last quarter. Finally, Maple Rock Capital Partners Inc. purchased a new position in shares of FMC in the first quarter worth approximately $37,686,000. 91.86% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at FMC

In related news, VP Jacqueline Scanlan sold 4,529 shares of the business’s stock in a transaction 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 owns 28,649 shares of the company’s stock, valued at approximately $1,709,485.83. The trade was a 13.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.85% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

FMC has been the subject of several research reports. Barclays raised their price target on shares of FMC from $62.00 to $65.00 and gave the stock an “equal weight” rating in a report on Monday, August 5th. KeyCorp decreased their price target on shares of FMC from $81.00 to $79.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Mizuho raised their price target on shares of FMC from $64.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. JPMorgan Chase & Co. raised their price target on shares of FMC from $50.00 to $59.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Finally, Citigroup initiated coverage on shares of FMC in a report on Wednesday, October 23rd. They set a “neutral” rating and a $67.00 price target for the company. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, FMC has a consensus rating of “Hold” and an average price target of $68.00.

FMC Price Performance

Shares of FMC stock opened at $58.74 on Friday. The firm has a fifty day simple moving average of $61.74 and a 200-day simple moving average of $60.86. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.65. FMC Co. has a 1-year low of $50.03 and a 1-year high of $68.72. The stock has a market capitalization of $7.33 billion, a price-to-earnings ratio of 5.06, a PEG ratio of 1.46 and a beta of 0.85.

FMC (NYSE:FMC) last issued its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.20. FMC had a net margin of 34.93% and a return on equity of 7.68%. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the previous year, the company earned $0.44 earnings per share. FMC’s revenue for the quarter was up 8.5% on a year-over-year basis. On average, sell-side analysts expect that FMC Co. will post 3.35 earnings per share for the current year.

About FMC

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.