FMC Co. (NYSE:FMC) Shares Purchased by First Horizon Advisors Inc.

First Horizon Advisors Inc. increased its stake in FMC Co. (NYSE:FMC) by 90.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 517 shares of the basic materials company’s stock after purchasing an additional 246 shares during the period. First Horizon Advisors Inc.’s holdings in FMC were worth $34,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. AQR Capital Management LLC lifted its stake in shares of FMC by 317.7% during the second quarter. AQR Capital Management LLC now owns 1,099,389 shares of the basic materials company’s stock worth $63,160,000 after buying an additional 836,179 shares during the period. Bank of New York Mellon Corp lifted its position in FMC by 2.1% during 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 acquiring an additional 17,381 shares during the period. Dimensional Fund Advisors LP grew 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 last quarter. New South Capital Management Inc. raised its stake 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 worth $43,915,000 after purchasing an additional 9,834 shares during the last quarter. Finally, Pzena Investment Management LLC acquired a new stake in shares of FMC during the second quarter worth about $33,191,000. Hedge funds and other institutional investors own 91.86% of the company’s stock.

FMC Stock Up 3.2 %

FMC stock opened at $60.62 on Tuesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.48 and a quick ratio of 1.09. The stock has a market capitalization of $7.57 billion, a PE ratio of 5.22, a price-to-earnings-growth ratio of 1.55 and a beta of 0.85. The business has a 50 day simple moving average of $61.69 and a 200-day simple moving average of $60.74. FMC Co. has a 12 month low of $50.03 and a 12 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 EPS for the quarter, topping the consensus estimate of $0.49 by $0.20. The company 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 firm’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.44 EPS. On average, analysts anticipate that FMC Co. will post 3.35 EPS for the current fiscal year.

Insider Buying and Selling at FMC

In other FMC news, VP Jacqueline Scanlan sold 4,529 shares of the company’s stock in a transaction on 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 sale, the vice president now directly owns 28,649 shares in the company, valued at $1,709,485.83. This represents a 13.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.81% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. KeyCorp cut their price target on shares of FMC from $81.00 to $79.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Mizuho raised their target price 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. upped their price target on shares of FMC from $50.00 to $59.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Barclays lifted their price objective on FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. Finally, Royal Bank of Canada upped their target price on FMC from $78.00 to $81.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average 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.