FMC Co. (NYSE:FMC) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP lowered its holdings in shares of FMC Co. (NYSE:FMC) by 65.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,832 shares of the basic materials company’s stock after selling 5,283 shares during the quarter. Quantbot Technologies LP’s holdings in FMC were worth $187,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of FMC. D.A. Davidson & CO. increased its position in shares of FMC by 4.8% during the third quarter. D.A. Davidson & CO. now owns 13,827 shares of the basic materials company’s stock valued at $912,000 after acquiring an additional 627 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of FMC by 14.7% in the 3rd quarter. Daiwa Securities Group Inc. now owns 5,758 shares of the basic materials company’s stock worth $380,000 after acquiring an additional 739 shares during the last quarter. Hartford Funds Management Co LLC boosted its position in shares of FMC by 14.8% during the 3rd quarter. Hartford Funds Management Co LLC now owns 6,659 shares of the basic materials company’s stock worth $439,000 after purchasing an additional 859 shares during the period. Algert Global LLC increased its holdings in FMC by 118.4% in the 3rd quarter. Algert Global LLC now owns 58,752 shares of the basic materials company’s stock valued at $3,874,000 after purchasing an additional 31,850 shares during the last quarter. Finally, Kingsview Wealth Management LLC raised its position in FMC by 80.1% in the third quarter. Kingsview Wealth Management LLC now owns 6,382 shares of the basic materials company’s stock valued at $421,000 after purchasing an additional 2,839 shares during the period. Institutional investors and hedge funds own 91.86% of the company’s stock.

FMC Stock Down 3.0 %

Shares of FMC stock opened at $57.23 on Friday. FMC Co. has a one year low of $50.03 and a one 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 stock has a fifty day moving average price of $61.10 and a 200 day moving average price of $60.48. The stock has a market cap of $7.14 billion, a P/E ratio of 4.92, a price-to-earnings-growth ratio of 1.57 and a beta of 0.80.

FMC (NYSE:FMC) last posted its earnings results on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.20. FMC had a net margin of 34.93% and a return on equity of 7.68%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the prior year, the firm earned $0.44 EPS. The firm’s quarterly 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.

Insider Buying and Selling

In other FMC news, VP Jacqueline Scanlan sold 4,529 shares of the firm’s stock in a transaction that occurred 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 $1,709,485.83. This trade represents a 13.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.85% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Royal Bank of Canada lifted their price objective on shares of FMC from $78.00 to $81.00 and gave the company an “outperform” rating in a report on Friday, November 1st. JPMorgan Chase & Co. upped their price objective on FMC from $50.00 to $59.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Mizuho lifted their target price on FMC from $64.00 to $70.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Finally, Citigroup began coverage on FMC in a report on Wednesday, October 23rd. They set a “neutral” rating and a $67.00 price target on the stock. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target 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.