Mutual of America Capital Management LLC Buys 10,014 Shares of FMC Co. (NYSE:FMC)

Mutual of America Capital Management LLC raised its stake in shares of FMC Co. (NYSE:FMC) by 16.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 72,599 shares of the basic materials company’s stock after purchasing an additional 10,014 shares during the quarter. Mutual of America Capital Management LLC owned 0.06% of FMC worth $4,787,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in FMC by 5.3% in the first quarter. Vanguard Group Inc. now owns 15,290,219 shares of the basic materials company’s stock valued at $973,987,000 after acquiring an additional 768,432 shares during the last quarter. UniSuper Management Pty Ltd boosted its stake in FMC by 659.9% in the first quarter. UniSuper Management Pty Ltd now owns 15,866 shares of the basic materials company’s stock worth $1,011,000 after buying an additional 13,778 shares in the last quarter. Pitcairn Co. grew its position in FMC by 7.3% during the first quarter. Pitcairn Co. now owns 4,867 shares of the basic materials company’s stock valued at $310,000 after acquiring an additional 330 shares during the last quarter. EntryPoint Capital LLC raised its stake in shares of 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 acquiring an additional 795 shares in the last quarter. Finally, CreativeOne Wealth LLC lifted its holdings in shares of FMC by 6.7% in the 1st 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 during the last quarter. Hedge funds and other institutional investors own 91.86% of the company’s stock.

Insider Transactions at FMC

In other news, VP Jacqueline Scanlan sold 4,529 shares of FMC stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $59.67, for a total value of $270,245.43. Following the completion of the sale, the vice president now directly owns 28,649 shares in the company, valued at $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 link. Company insiders own 0.85% of the company’s stock.

FMC Stock Up 2.9 %

Shares of NYSE:FMC opened at $57.20 on Thursday. The stock has a 50 day moving average price of $61.91 and a 200-day moving average price of $60.89. The firm has a market capitalization of $7.14 billion, a P/E ratio of 4.92, a P/E/G ratio of 1.43 and a beta of 0.85. 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.

FMC (NYSE:FMC) last released its 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. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.04 billion. FMC had a net margin of 34.93% and a return on equity of 7.68%. The business’s revenue was up 8.5% on a year-over-year basis. During the same period last year, the business earned $0.44 earnings per share. As a group, equities research analysts anticipate that FMC Co. will post 3.35 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of FMC from $50.00 to $59.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. BMO Capital Markets boosted their target price on FMC from $60.00 to $65.00 and gave the company a “market perform” rating in a research note on Friday, August 2nd. Mizuho lifted their price target on FMC from $64.00 to $70.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. KeyCorp dropped their price objective on FMC from $81.00 to $79.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Finally, Barclays lifted their target price on shares of FMC from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Monday, August 5th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $68.00.

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.