Advisors Asset Management Inc. Grows Stock Position in FMC Co. (NYSE:FMC)

Advisors Asset Management Inc. increased its holdings in FMC Co. (NYSE:FMC) by 27.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 43,483 shares of the basic materials company’s stock after acquiring an additional 9,449 shares during the period. Advisors Asset Management Inc.’s holdings in FMC were worth $2,867,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Mather Group LLC. grew its holdings in shares of FMC by 250.6% during the 3rd quarter. Mather Group LLC. now owns 554 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 396 shares during the period. LRI Investments LLC purchased a new position in FMC during the first quarter worth about $39,000. UMB Bank n.a. increased its position in shares of FMC by 56.9% during the second quarter. UMB Bank n.a. now owns 678 shares of the basic materials company’s stock valued at $39,000 after acquiring an additional 246 shares during the last quarter. Peterson Financial Group Inc. purchased a new stake in shares of FMC in the 3rd quarter valued at approximately $51,000. Finally, EntryPoint Capital LLC lifted its holdings in shares of FMC by 1,282.3% in the 1st quarter. EntryPoint Capital LLC now owns 857 shares of the basic materials company’s stock worth $55,000 after acquiring an additional 795 shares during the last quarter. Institutional investors and hedge funds own 91.86% of the company’s stock.

FMC Stock Up 0.7 %

Shares of NYSE FMC opened at $58.74 on Friday. FMC Co. has a 1 year low of $50.03 and a 1 year high of $68.72. The company has a market capitalization of $7.33 billion, a price-to-earnings ratio of 5.06, a price-to-earnings-growth ratio of 1.54 and a beta of 0.85. 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 business has a 50-day moving average of $61.74 and a two-hundred day moving average of $60.82.

FMC (NYSE:FMC) last announced its quarterly earnings results on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.20. FMC had a return on equity of 7.68% and a net margin of 34.93%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the company posted $0.44 earnings per share. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. On average, analysts forecast that FMC Co. will post 3.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on FMC shares. Barclays lifted their target price on shares of FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. JPMorgan Chase & Co. increased their target price on FMC from $50.00 to $59.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. KeyCorp dropped their target price on FMC from $81.00 to $79.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Citigroup started coverage on shares of FMC in a research report on Wednesday, October 23rd. They set a “neutral” rating and a $67.00 price target on the stock. Finally, BMO Capital Markets lifted their price objective on shares of FMC from $60.00 to $65.00 and gave the company a “market perform” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $68.00.

Insider Buying and Selling

In related news, VP Jacqueline Scanlan sold 4,529 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was 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 $1,709,485.83. This trade represents a 13.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.85% of the stock is owned by company insiders.

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.