FMC Co. (NYSE:FMC) Stock Position Lifted by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board grew its position in shares of FMC Co. (NYSE:FMC) by 22.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,668 shares of the basic materials company’s stock after buying an additional 3,572 shares during the period. Ontario Teachers Pension Plan Board’s holdings in FMC were worth $1,297,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of FMC. Vanguard Group Inc. lifted its holdings in shares of FMC by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 15,290,219 shares of the basic materials company’s stock worth $973,987,000 after purchasing an additional 768,432 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of FMC by 35.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,061,828 shares of the basic materials company’s stock worth $322,439,000 after acquiring an additional 1,316,133 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of FMC by 317.7% in the second quarter. AQR Capital Management LLC now owns 1,099,389 shares of the basic materials company’s stock worth $63,160,000 after buying an additional 836,179 shares during the period. Bank of New York Mellon Corp boosted its position in shares of FMC by 2.1% in 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 buying an additional 17,381 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of FMC by 9.7% in the second quarter. Dimensional Fund Advisors LP now owns 721,879 shares of the basic materials company’s stock worth $41,543,000 after buying an additional 64,055 shares during the period. Institutional investors own 91.86% of the company’s stock.

FMC Price Performance

Shares of NYSE FMC opened at $57.20 on Thursday. FMC Co. has a fifty-two week low of $50.03 and a fifty-two week high of $68.72. 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 stock has a market capitalization of $7.14 billion, a price-to-earnings ratio of 4.92, a PEG ratio of 1.43 and a beta of 0.85. The business has a 50-day moving average of $61.91 and a 200-day moving average of $60.89.

FMC (NYSE:FMC) last issued its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.20. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.04 billion. FMC had a net margin of 34.93% and a return on equity of 7.68%. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period last year, the business posted $0.44 earnings per share. As a group, sell-side analysts predict that FMC Co. will post 3.35 earnings per share for the current fiscal year.

Insider Activity

In other FMC news, VP Jacqueline Scanlan sold 4,529 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $59.67, for a total transaction of $270,245.43. Following the completion of the transaction, the vice president now directly owns 28,649 shares in the company, valued at $1,709,485.83. The trade was a 13.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.85% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on FMC. Barclays lifted their price objective on FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a research report on Monday, August 5th. KeyCorp lowered their price objective on FMC from $81.00 to $79.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Citigroup initiated coverage on FMC in a research report on Wednesday, October 23rd. They set a “neutral” rating and a $67.00 price target 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 report on Friday, November 1st. Finally, Royal Bank of Canada increased their price target on FMC from $78.00 to $81.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. One research 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. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $68.00.

FMC 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.