Nisa Investment Advisors LLC Acquires 2,692 Shares of FMC Co. (NYSE:FMC)

Nisa Investment Advisors LLC increased its holdings in shares of FMC Co. (NYSE:FMC) by 3.9% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 72,352 shares of the basic materials company’s stock after purchasing an additional 2,692 shares during the quarter. Nisa Investment Advisors LLC’s holdings in FMC were worth $4,813,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of FMC. Price T Rowe Associates Inc. MD raised its holdings in shares of FMC by 35.1% during the first 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 period. AQR Capital Management LLC raised its stake in shares of FMC by 317.7% in the 2nd quarter. AQR Capital Management LLC now owns 1,099,389 shares of the basic materials company’s stock valued at $63,160,000 after purchasing an additional 836,179 shares during the period. Vanguard Group Inc. lifted its holdings in shares of FMC by 5.3% in the first quarter. Vanguard Group Inc. now owns 15,290,219 shares of the basic materials company’s stock valued at $973,987,000 after purchasing an additional 768,432 shares in the last quarter. Maple Rock Capital Partners Inc. acquired a new position in shares of FMC during the first quarter worth about $37,686,000. Finally, Pzena Investment Management LLC bought a new position in shares of FMC during the second quarter worth about $33,191,000. 91.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on FMC shares. Barclays boosted their target price on FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. Wells Fargo & Company cut their price objective on shares of FMC from $68.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 16th. BMO Capital Markets increased their target price on shares of FMC from $60.00 to $65.00 and gave the stock a “market perform” rating in a report on Friday, August 2nd. Redburn Atlantic upgraded shares of FMC from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 19th. Finally, KeyCorp reduced their price objective on shares of FMC from $81.00 to $79.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $67.00.

FMC Price Performance

NYSE:FMC opened at $64.99 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.48 and a debt-to-equity ratio of 0.66. FMC Co. has a 12-month low of $49.49 and a 12-month high of $68.72. The stock’s 50 day moving average price is $63.25 and its two-hundred day moving average price is $60.84. The firm has a market capitalization of $8.11 billion, a price-to-earnings ratio of 5.87, a P/E/G ratio of 1.59 and a beta of 0.85.

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 the consensus estimate of $0.49 by $0.20. FMC had a return on equity of 7.52% and a net margin of 33.97%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the firm posted $0.44 EPS. The company’s quarterly revenue was up 8.5% on a year-over-year basis. On average, analysts anticipate that FMC Co. will post 3.31 earnings per share for the current 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.