Qsemble Capital Management LP Sells 3,819 Shares of FMC Co. (NYSE:FMC)

Qsemble Capital Management LP lowered its position in FMC Co. (NYSE:FMC) by 22.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,250 shares of the basic materials company’s stock after selling 3,819 shares during the period. Qsemble Capital Management LP’s holdings in FMC were worth $874,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. California State Teachers Retirement System increased its holdings in shares of FMC by 11.0% in the first quarter. California State Teachers Retirement System now owns 322,693 shares of the basic materials company’s stock valued at $20,556,000 after purchasing an additional 31,858 shares during the period. Tidal Investments LLC boosted its holdings in FMC by 71.8% in the first quarter. Tidal Investments LLC now owns 36,512 shares of the basic materials company’s stock valued at $2,321,000 after purchasing an additional 15,262 shares during the last quarter. Comerica Bank grew its position in FMC by 23.0% during the 1st quarter. Comerica Bank now owns 45,814 shares of the basic materials company’s stock worth $2,918,000 after purchasing an additional 8,562 shares during the period. Jaffetilchin Investment Partners LLC purchased a new position in shares of FMC during the 1st quarter valued at about $238,000. Finally, iA Global Asset Management Inc. lifted its holdings in shares of FMC by 10.2% in the 1st quarter. iA Global Asset Management Inc. now owns 12,851 shares of the basic materials company’s stock valued at $819,000 after buying an additional 1,188 shares during the period. 91.86% of the stock is owned by institutional investors and hedge funds.

FMC Price Performance

Shares of FMC opened at $59.97 on Wednesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.48 and a quick ratio of 1.09. FMC Co. has a 1-year low of $50.03 and a 1-year high of $68.72. The stock has a market cap of $7.49 billion, a PE ratio of 5.16, a price-to-earnings-growth ratio of 1.55 and a beta of 0.85. The firm has a fifty day moving average price of $61.69 and a 200 day moving average price of $60.74.

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

Insider Activity at FMC

In other news, VP Jacqueline Scanlan sold 4,529 shares of the company’s stock in a transaction 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 transaction, the vice president now directly owns 28,649 shares of the company’s stock, valued at $1,709,485.83. This represents a 13.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.81% of the stock is owned by insiders.

Wall Street Analyst Weigh In

FMC has been the subject of a number of analyst reports. KeyCorp decreased their price target on FMC from $81.00 to $79.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. JPMorgan Chase & Co. increased their price target on shares of FMC from $50.00 to $59.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Barclays lifted their price objective 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. Royal Bank of Canada increased their target price on shares of FMC from $78.00 to $81.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, BMO Capital Markets upped their price target on FMC from $60.00 to $65.00 and gave the stock a “market perform” rating in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, FMC presently has an average 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.