Crossmark Global Holdings Inc. Trims Position in FMC Co. (NYSE:FMC)

Crossmark Global Holdings Inc. cut its stake in shares of FMC Co. (NYSE:FMC) by 14.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,869 shares of the basic materials company’s stock after selling 796 shares during the period. Crossmark Global Holdings Inc.’s holdings in FMC were worth $321,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Mather Group LLC. raised its stake in shares of FMC by 250.6% during the third 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 last quarter. LRI Investments LLC purchased a new position in FMC during the 1st quarter worth $41,000. UMB Bank n.a. lifted its stake in shares of FMC by 56.9% in the 2nd quarter. UMB Bank n.a. now owns 678 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 246 shares during the period. EntryPoint Capital LLC boosted its holdings in shares of FMC by 1,282.3% in the first quarter. EntryPoint Capital LLC now owns 857 shares of the basic materials company’s stock valued at $55,000 after acquiring an additional 795 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of FMC by 120.9% during the third quarter. GAMMA Investing LLC now owns 919 shares of the basic materials company’s stock worth $61,000 after acquiring an additional 503 shares during the period. 91.86% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at FMC

In other FMC news, VP Jacqueline Scanlan sold 4,529 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $59.67, for a total value of $270,245.43. Following the completion of the transaction, the vice president now directly owns 28,649 shares in the company, valued at approximately $1,709,485.83. The trade was a 13.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.85% of the stock is owned by insiders.

FMC Trading Down 2.0 %

Shares of FMC stock opened at $54.39 on Monday. FMC Co. has a 1 year low of $50.03 and a 1 year 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 business has a 50 day moving average price of $62.22 and a 200 day moving average price of $61.00. The company has a market capitalization of $6.79 billion, a P/E ratio of 4.68, a P/E/G ratio of 1.43 and a beta of 0.85.

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on FMC shares. Barclays lifted their price objective on FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. Citigroup assumed coverage on FMC in a research report on Wednesday, October 23rd. They issued a “neutral” rating and a $67.00 price objective for the company. Mizuho boosted their target price on shares of FMC from $64.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. raised their price objective on shares of FMC from $50.00 to $59.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Finally, BMO Capital Markets increased their target price 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 analyst has rated the stock with a sell rating, ten have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price 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.