GSA Capital Partners LLP Cuts Stake in FMC Co. (NYSE:FMC)

GSA Capital Partners LLP reduced its stake in shares of FMC Co. (NYSE:FMC) by 54.3% in the third quarter, HoldingsChannel reports. The institutional investor owned 9,837 shares of the basic materials company’s stock after selling 11,668 shares during the period. GSA Capital Partners LLP’s holdings in FMC were worth $649,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Cetera Investment Advisers grew its holdings in FMC by 483.8% during the 1st quarter. Cetera Investment Advisers now owns 34,781 shares of the basic materials company’s stock valued at $2,216,000 after buying an additional 28,823 shares in the last quarter. Bayesian Capital Management LP bought a new position in shares of FMC during the 1st quarter valued at approximately $1,994,000. tru Independence LLC bought a new position in shares of FMC during the 3rd quarter valued at approximately $5,323,000. CWM LLC boosted its position in shares of FMC by 87.4% during the 2nd quarter. CWM LLC now owns 17,662 shares of the basic materials company’s stock valued at $1,016,000 after acquiring an additional 8,238 shares during the last quarter. Finally, Tidal Investments LLC boosted its position in shares of FMC by 71.8% during the 1st quarter. Tidal Investments LLC now owns 36,512 shares of the basic materials company’s stock valued at $2,321,000 after acquiring an additional 15,262 shares during the last quarter. 91.86% of the stock is owned by hedge funds and other institutional investors.

FMC Stock Performance

FMC stock opened at $55.23 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.65. The business’s fifty day simple moving average is $62.10 and its two-hundred day simple moving average is $60.96. FMC Co. has a twelve month low of $50.03 and a twelve month high of $68.72. The firm has a market cap of $6.89 billion, a price-to-earnings ratio of 4.75, a PEG ratio of 1.43 and a beta of 0.85.

FMC (NYSE:FMC) last released its 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. FMC had a return on equity of 7.68% and a net margin of 34.93%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the firm posted $0.44 earnings per share. The business’s revenue was up 8.5% compared to the same quarter last year. Analysts predict that FMC Co. will post 3.35 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Royal Bank of Canada increased their target price on FMC from $78.00 to $81.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Barclays increased their target price on FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a research report on Monday, August 5th. Mizuho raised their price target on FMC from $64.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. KeyCorp lowered their price target on FMC from $81.00 to $79.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Finally, BMO Capital Markets raised their price target on FMC from $60.00 to $65.00 and gave the stock a “market perform” rating in a research report on Friday, August 2nd. One analyst has rated the stock with a sell rating, ten have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $68.00.

Insider Activity at FMC

In related news, VP Jacqueline Scanlan sold 4,529 shares of FMC stock in a transaction dated 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 sale, 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.85% of the stock is currently owned by corporate insiders.

About FMC

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.