FMC Corporation (NYSE:FMC) was the recipient of a large increase in short interest in the month of October. As of October 13th, there was short interest totalling 2,751,123 shares, an increase of 40.9% from the September 29th total of 1,953,113 shares. Approximately 2.1% of the company’s shares are sold short. Based on an average trading volume of 908,388 shares, the short-interest ratio is presently 3.0 days.

In other FMC Corporation news, VP Andrea E. Utecht sold 14,174 shares of the stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $84.00, for a total transaction of $1,190,616.00. Following the completion of the sale, the vice president now directly owns 131,639 shares in the company, valued at approximately $11,057,676. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.10% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in FMC. Teachers Advisors LLC grew its holdings in FMC Corporation by 244.3% in the first quarter. Teachers Advisors LLC now owns 522,556 shares of the basic materials company’s stock worth $36,365,000 after purchasing an additional 370,781 shares during the period. Canada Pension Plan Investment Board grew its holdings in FMC Corporation by 78.8% in the second quarter. Canada Pension Plan Investment Board now owns 219,070 shares of the basic materials company’s stock worth $16,003,000 after purchasing an additional 96,559 shares during the period. Dimensional Fund Advisors LP grew its holdings in FMC Corporation by 7.7% in the first quarter. Dimensional Fund Advisors LP now owns 515,431 shares of the basic materials company’s stock worth $35,840,000 after purchasing an additional 37,011 shares during the period. Bank of Nova Scotia purchased a new stake in FMC Corporation in the first quarter worth about $2,123,000. Finally, Nationwide Fund Advisors grew its holdings in FMC Corporation by 12.0% in the third quarter. Nationwide Fund Advisors now owns 278,929 shares of the basic materials company’s stock worth $24,911,000 after purchasing an additional 29,858 shares during the period. Institutional investors and hedge funds own 90.65% of the company’s stock.

Shares of FMC Corporation (FMC) opened at 92.35 on Tuesday. FMC Corporation has a 52 week low of $45.91 and a 52 week high of $95.08. The stock has a 50 day moving average price of $91.25 and a 200 day moving average price of $81.02. The firm has a market capitalization of $12.39 billion, a P/E ratio of 274.04 and a beta of 1.61.

FMC Corporation (NYSE:FMC) last announced its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.01. FMC Corporation had a net margin of 1.58% and a return on equity of 16.51%. The company had revenue of $656.80 million for the quarter, compared to analysts’ expectations of $614.01 million. During the same quarter in the previous year, the company earned $0.46 earnings per share. FMC Corporation’s quarterly revenue was up 6.7% on a year-over-year basis. Analysts forecast that FMC Corporation will post $2.43 EPS for the current year.

FMC has been the subject of a number of recent analyst reports. Jefferies Group LLC reiterated a “buy” rating and set a $84.00 price target on shares of FMC Corporation in a report on Thursday, July 6th. Zacks Investment Research upgraded FMC Corporation from a “hold” rating to a “buy” rating and set a $84.00 price target for the company in a report on Monday, July 10th. Royal Bank Of Canada reiterated a “buy” rating and set a $83.00 price target on shares of FMC Corporation in a report on Wednesday, July 12th. Seaport Global Securities downgraded FMC Corporation from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $82.00 to $80.00 in a report on Tuesday, July 18th. Finally, BidaskClub upgraded FMC Corporation from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. FMC Corporation has an average rating of “Buy” and an average target price of $88.24.

ILLEGAL ACTIVITY NOTICE: This news story was reported by American Banking News and is owned by of American Banking News. If you are viewing this news story on another domain, it was copied illegally and republished in violation of international copyright and trademark legislation. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/10/31/fmc-corporation-fmc-short-interest-up-40-9-in-october.html.

FMC Corporation Company Profile

FMC Corporation is a diversified chemical company serving agricultural, consumer and industrial markets. The Company operates in three business segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. As of December 31, 2016, the FMC Agricultural Solutions segment developed, marketed and sold three classes of crop protection chemicals: insecticides, herbicides and fungicides.

Receive News & Ratings for FMC Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FMC Corporation and related companies with MarketBeat.com's FREE daily email newsletter.