Cerity Partners LLC Raises Stock Holdings in FMC Co. (NYSE:FMC)

Cerity Partners LLC raised its position in shares of FMC Co. (NYSE:FMC) by 105.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 48,888 shares of the basic materials company’s stock after buying an additional 25,122 shares during the quarter. Cerity Partners LLC’s holdings in FMC were worth $3,224,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Commerce Bank increased its position in FMC by 3.7% during the 3rd quarter. Commerce Bank now owns 5,135 shares of the basic materials company’s stock valued at $339,000 after buying an additional 183 shares in the last quarter. Dark Forest Capital Management LP increased its holdings in shares of FMC by 3.1% during the second quarter. Dark Forest Capital Management LP now owns 6,465 shares of the basic materials company’s stock valued at $372,000 after acquiring an additional 192 shares in the last quarter. HB Wealth Management LLC raised its position in shares of FMC by 3.8% in the 2nd quarter. HB Wealth Management LLC now owns 5,649 shares of the basic materials company’s stock worth $325,000 after purchasing an additional 208 shares during the last quarter. UMB Bank n.a. boosted its stake in FMC by 56.9% in the 2nd quarter. UMB Bank n.a. now owns 678 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 246 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its position in FMC by 90.8% during the 3rd quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 246 shares during the last quarter. Institutional investors own 91.86% of the company’s stock.

Insider Buying and Selling

In related news, VP Jacqueline Scanlan sold 4,529 shares of FMC 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 in the company, valued at approximately $1,709,485.83. The trade was a 13.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.85% of the stock is currently owned by insiders.

FMC Trading Down 0.7 %

Shares of FMC stock opened at $59.09 on Friday. 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 $7.38 billion, a PE ratio of 5.09, a P/E/G ratio of 1.57 and a beta of 0.85. FMC Co. has a 1-year low of $50.03 and a 1-year high of $68.72. The company’s fifty day simple moving average is $61.38 and its 200-day simple moving average is $60.62.

FMC (NYSE:FMC) last released its earnings results on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share for the quarter, beating 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 company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the previous year, the business earned $0.44 earnings per share. FMC’s quarterly revenue was up 8.5% compared to the same quarter last year. As a group, equities analysts anticipate that FMC Co. will post 3.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FMC. Royal Bank of Canada lifted their target price on shares of FMC from $78.00 to $81.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. JPMorgan Chase & Co. upped their price objective on FMC from $50.00 to $59.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Citigroup assumed coverage on FMC in a report on Wednesday, October 23rd. They issued a “neutral” rating and a $67.00 target price for the company. Barclays upped their price target on FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. Finally, Mizuho lifted their price objective on FMC from $64.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $68.00.

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.