Janus Henderson Group PLC Trims Holdings in FMC Co. (NYSE:FMC)

Janus Henderson Group PLC lowered its stake in shares of FMC Co. (NYSE:FMC) by 14.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 59,485 shares of the basic materials company’s stock after selling 10,083 shares during the period. Janus Henderson Group PLC’s holdings in FMC were worth $3,923,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in FMC. Charles Schwab Investment Management Inc. boosted its position in shares of FMC by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,136,344 shares of the basic materials company’s stock worth $74,931,000 after buying an additional 20,350 shares during the period. AQR Capital Management LLC grew its position in FMC by 317.7% in the 2nd quarter. AQR Capital Management LLC now owns 1,099,389 shares of the basic materials company’s stock valued at $63,160,000 after acquiring an additional 836,179 shares in the last quarter. Bank of New York Mellon Corp increased its stake in FMC by 2.1% during the second quarter. Bank of New York Mellon Corp now owns 858,129 shares of the basic materials company’s stock worth $49,385,000 after purchasing an additional 17,381 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of FMC by 9.7% during the second quarter. Dimensional Fund Advisors LP now owns 721,879 shares of the basic materials company’s stock worth $41,543,000 after purchasing an additional 64,055 shares in the last quarter. Finally, New South Capital Management Inc. boosted 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 valued at $43,915,000 after purchasing an additional 9,834 shares during the period. Institutional investors and hedge funds own 91.86% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Citigroup assumed coverage on shares of FMC in a report on Wednesday, October 23rd. They set a “neutral” rating and a $67.00 target price on the stock. Mizuho increased their price objective on FMC from $64.00 to $70.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Finally, Royal Bank of Canada lifted their target price on FMC from $78.00 to $81.00 and gave the company an “outperform” rating in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $68.00.

Insiders Place Their Bets

In related 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 sale, the vice president now directly 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 through the SEC website. Corporate insiders own 0.85% of the company’s stock.

FMC Stock Performance

Shares of FMC opened at $57.25 on Wednesday. The company has a market capitalization of $7.15 billion, a price-to-earnings ratio of 4.93, a price-to-earnings-growth ratio of 1.49 and a beta of 0.80. FMC Co. has a 52-week low of $50.03 and a 52-week high of $68.72. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.65. The stock has a 50 day moving average price of $60.41 and a 200 day moving average price of $60.31.

FMC (NYSE:FMC) last issued 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. 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 quarter in the prior year, the business posted $0.44 EPS. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. Research analysts predict that FMC Co. will post 3.35 EPS for the current fiscal year.

FMC Company 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.