FMC Co. (NYSE:FMC) Shares Sold by Amalgamated Bank

Amalgamated Bank cut its holdings in shares of FMC Co. (NYSE:FMC) by 39.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,534 shares of the basic materials company’s stock after selling 15,928 shares during the period. Amalgamated Bank’s holdings in FMC were worth $1,618,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Greenwood Capital Associates LLC increased its position in shares of FMC by 5.6% in the 3rd quarter. Greenwood Capital Associates LLC now owns 13,271 shares of the basic materials company’s stock valued at $875,000 after acquiring an additional 701 shares during the period. Impax Asset Management Group plc acquired a new position in shares of FMC in the 3rd quarter valued at $681,000. Asset Management One Co. Ltd. increased its position in shares of FMC by 13.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 2,809 shares of the basic materials company’s stock valued at $185,000 after acquiring an additional 330 shares during the period. Old North State Wealth Management LLC acquired a new position in shares of FMC in the 3rd quarter valued at $2,989,000. Finally, Pallas Capital Advisors LLC increased its position in shares of FMC by 26.7% in the 3rd quarter. Pallas Capital Advisors LLC now owns 10,102 shares of the basic materials company’s stock valued at $621,000 after acquiring an additional 2,129 shares during the period. 91.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. KeyCorp cut their target price on FMC from $81.00 to $79.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Mizuho upped their price target on shares of FMC from $64.00 to $70.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Royal Bank of Canada upped their price target on shares of FMC from $78.00 to $81.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Redburn Atlantic raised shares of FMC from a “hold” rating to a “strong-buy” rating in a report on Friday, July 19th. Finally, JPMorgan Chase & Co. upped their price target on shares of FMC from $50.00 to $59.00 and gave the company a “neutral” rating in a report on Monday, August 12th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, FMC currently has a consensus rating of “Hold” and an average price target of $68.00.

FMC Trading Down 5.3 %

Shares of FMC stock opened at $55.94 on Wednesday. The firm has a market capitalization of $6.98 billion, a PE ratio of 4.81, a P/E/G ratio of 1.57 and a beta of 0.85. FMC Co. has a twelve month low of $50.03 and a twelve month high of $68.72. The firm’s 50-day moving average price is $62.63 and its 200 day moving average price is $61.08. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.65.

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

FMC Company 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.