FMC Co. (NYSE:FMC) Shares Bought by D.A. Davidson & CO.

D.A. Davidson & CO. lifted its stake in shares of FMC Co. (NYSE:FMC) by 4.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,827 shares of the basic materials company’s stock after buying an additional 627 shares during the quarter. D.A. Davidson & CO.’s holdings in FMC were worth $912,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in FMC. Barnett & Company Inc. acquired a new position in FMC during the 3rd quarter worth approximately $2,265,000. Advisors Asset Management Inc. grew its stake in shares of FMC by 27.8% during the third quarter. Advisors Asset Management Inc. now owns 43,483 shares of the basic materials company’s stock worth $2,867,000 after purchasing an additional 9,449 shares in the last quarter. Cetera Investment Advisers increased its holdings in FMC by 483.8% in the first 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 during the last quarter. tru Independence LLC acquired a new stake in FMC in the third quarter valued at $5,323,000. Finally, CWM LLC lifted its holdings in FMC by 87.4% during the 2nd quarter. CWM LLC now owns 17,662 shares of the basic materials company’s stock worth $1,016,000 after buying an additional 8,238 shares during the last quarter. 91.86% of the stock is currently owned by hedge funds and other institutional investors.

FMC Stock Performance

Shares of FMC opened at $59.09 on Monday. The stock has a market capitalization of $7.38 billion, a P/E ratio of 5.09, a P/E/G ratio of 1.56 and a beta of 0.85. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.09 and a current ratio of 1.48. FMC Co. has a 1 year low of $50.03 and a 1 year high of $68.72. The company’s fifty day moving average is $61.38 and its two-hundred day moving average is $60.58.

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

Insider Activity

In other news, VP Jacqueline Scanlan sold 4,529 shares of the stock in a transaction dated Monday, November 11th. The shares were 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 owns 28,649 shares in the company, valued at $1,709,485.83. This trade represents a 13.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on FMC shares. Citigroup assumed coverage on FMC in a report on Wednesday, October 23rd. They issued a “neutral” rating and a $67.00 price objective on the stock. Royal Bank of Canada boosted their price objective on shares of FMC from $78.00 to $81.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Barclays increased their target price on shares of FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. boosted their price target on shares of FMC from $50.00 to $59.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Finally, Mizuho raised their price objective on FMC from $64.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, FMC currently has a consensus rating of “Hold” and a consensus target price of $68.00.

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.