First National Bank of Omaha lessened its holdings in shares of FMC Corp (NYSE:FMC) by 1.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,051 shares of the basic materials company’s stock after selling 1,077 shares during the quarter. First National Bank of Omaha’s holdings in FMC were worth $5,353,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in FMC. Keybank National Association OH raised its holdings in FMC by 3.1% in the 3rd quarter. Keybank National Association OH now owns 5,501 shares of the basic materials company’s stock valued at $482,000 after acquiring an additional 163 shares in the last quarter. Fulcrum Capital LLC acquired a new position in shares of FMC during the third quarter worth $3,762,000. Creative Planning increased its holdings in shares of FMC by 20.7% during the third quarter. Creative Planning now owns 9,020 shares of the basic materials company’s stock worth $791,000 after buying an additional 1,550 shares in the last quarter. Citizens Financial Group Inc RI increased its holdings in shares of FMC by 314.0% during the third quarter. Citizens Financial Group Inc RI now owns 501 shares of the basic materials company’s stock worth $44,000 after buying an additional 380 shares in the last quarter. Finally, Mackay Shields LLC increased its holdings in shares of FMC by 6.8% during the third quarter. Mackay Shields LLC now owns 29,285 shares of the basic materials company’s stock worth $2,567,000 after buying an additional 1,869 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors.
FMC traded up $0.61 during trading on Friday, reaching $97.44. 416,518 shares of the stock traded hands, compared to its average volume of 931,048. The company has a quick ratio of 1.15, a current ratio of 1.62 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $12.56 billion, a PE ratio of 15.49, a P/E/G ratio of 1.61 and a beta of 1.47. The stock’s 50-day moving average is $86.30 and its 200 day moving average is $83.08. FMC Corp has a 12 month low of $69.36 and a 12 month high of $98.17.
FMC (NYSE:FMC) last issued its quarterly earnings results on Tuesday, October 29th. The basic materials company reported $0.94 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.14. The business had revenue of $1,000.00 million for the quarter, compared to analysts’ expectations of $978.47 million. FMC had a net margin of 11.08% and a return on equity of 27.94%. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.98 earnings per share. As a group, equities research analysts anticipate that FMC Corp will post 5.86 EPS for the current year.
In related news, COO Mark Douglas sold 22,390 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $89.83, for a total value of $2,011,293.70. Following the sale, the chief operating officer now owns 60,584 shares in the company, valued at approximately $5,442,260.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Pierre R. Brondeau sold 24,738 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $96.88, for a total transaction of $2,396,617.44. Insiders sold a total of 56,346 shares of company stock worth $5,245,643 in the last 90 days. 1.50% of the stock is currently owned by company insiders.
Several brokerages have recently issued reports on FMC. Robert W. Baird upgraded shares of FMC from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $86.00 to $95.00 in a report on Wednesday, October 16th. Goldman Sachs Group downgraded shares of FMC from a “buy” rating to a “neutral” rating in a report on Friday, August 2nd. Credit Suisse Group upped their price target on shares of FMC from $97.00 to $102.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Nomura increased their price objective on FMC from $93.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, BMO Capital Markets set a $100.00 price objective on FMC and gave the company a “buy” rating in a report on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have assigned a buy rating to the stock. FMC has an average rating of “Buy” and a consensus price target of $99.41.
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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