Victory Capital Management Inc. decreased its holdings in FMC Corp (NYSE:FMC) by 5.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 492,335 shares of the basic materials company’s stock after selling 30,346 shares during the quarter. Victory Capital Management Inc. owned about 0.37% of FMC worth $42,922,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. North Star Investment Management Corp. purchased a new position in shares of FMC in the second quarter valued at $116,000. Thompson Davis & CO. Inc. increased its position in shares of FMC by 307.1% in the second quarter. Thompson Davis & CO. Inc. now owns 1,425 shares of the basic materials company’s stock valued at $127,000 after buying an additional 1,075 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in shares of FMC by 221.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,525 shares of the basic materials company’s stock valued at $136,000 after buying an additional 1,050 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new position in shares of FMC in the second quarter valued at $139,000. Finally, Exane Derivatives purchased a new position in shares of FMC in the second quarter valued at $141,000. Hedge funds and other institutional investors own 89.77% of the company’s stock.
FMC opened at $83.57 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.24 and a debt-to-equity ratio of 0.84. The firm has a market cap of $11.30 billion, a P/E ratio of 30.84, a P/E/G ratio of 0.75 and a beta of 1.60. FMC Corp has a 52 week low of $72.73 and a 52 week high of $98.70.
FMC (NYSE:FMC) last posted its quarterly earnings data on Monday, November 5th. The basic materials company reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.06. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.01 billion. FMC had a return on equity of 26.26% and a net margin of 22.28%. The business’s revenue for the quarter was up 60.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.70 earnings per share. Equities analysts predict that FMC Corp will post 6.03 earnings per share for the current fiscal year.
A number of research analysts have recently weighed in on FMC shares. Loop Capital started coverage on FMC in a research report on Friday. They issued a “buy” rating and a $118.00 price target for the company. Citigroup started coverage on FMC in a research report on Monday, November 5th. They issued a “buy” rating and a $92.00 price target for the company. Zacks Investment Research cut FMC from a “buy” rating to a “hold” rating in a research report on Thursday, July 19th. ValuEngine upgraded FMC from a “sell” rating to a “hold” rating in a research report on Thursday, November 1st. Finally, Credit Suisse Group started coverage on FMC in a research report on Monday, November 5th. They issued an “outperform” rating and a $103.00 price target for the company. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $101.42.
In related news, COO Mark Douglas acquired 4,250 shares of the firm’s stock in a transaction that occurred on Tuesday, August 14th. The shares were acquired at an average price of $86.13 per share, with a total value of $366,052.50. Following the completion of the purchase, the chief operating officer now directly owns 59,943 shares in the company, valued at $5,162,890.59. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Dirk A. Kempthorne acquired 1,173 shares of the firm’s stock in a transaction that occurred on Tuesday, August 28th. The shares were bought at an average cost of $86.12 per share, for a total transaction of $101,018.76. Following the purchase, the director now owns 35,783 shares of the company’s stock, valued at $3,081,631.96. The disclosure for this purchase can be found here. 1.20% of the stock is owned by company insiders.
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FMC Corporation, a diversified chemical company, provides solutions, applications, and products for the agricultural, consumer, and industrial markets worldwide. The company operates in two segments, FMC Agricultural Solutions and FMC Lithium. The FMC Agricultural Solutions segment develops, manufactures, markets, and sells crop protection chemicals, including insecticides, herbicides, and fungicides that 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.
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