Erste Asset Management GmbH Invests $1.82 Million in FMC Co. (NYSE:FMC)

Erste Asset Management GmbH bought a new position in shares of FMC Co. (NYSE:FMC) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 27,600 shares of the basic materials company’s stock, valued at approximately $1,824,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. grew its holdings in FMC by 90.8% during the 3rd quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock valued at $34,000 after buying an additional 246 shares in the last quarter. Mather Group LLC. increased its holdings in FMC by 250.6% in the 3rd quarter. Mather Group LLC. now owns 554 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 396 shares during the last quarter. UMB Bank n.a. lifted its stake in 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 purchasing an additional 246 shares in the last quarter. Peterson Financial Group Inc. bought a new position in shares of FMC during the 3rd quarter valued at about $51,000. Finally, Brooklyn Investment Group purchased a new position in shares of FMC during the third quarter valued at about $52,000. Institutional investors own 91.86% of the company’s stock.

Insider Buying and Selling

In other FMC 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 transaction of $270,245.43. Following the transaction, the vice president now directly owns 28,649 shares in the company, valued at $1,709,485.83. This represents a 13.65 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.81% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on FMC shares. Royal Bank of Canada boosted their target price on FMC from $78.00 to $81.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Mizuho raised their target price on shares of FMC from $64.00 to $70.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Citigroup started coverage on shares of FMC in a research note on Wednesday, October 23rd. They set a “neutral” rating and a $67.00 price target on the stock. Finally, JPMorgan Chase & Co. lifted their price objective on shares of FMC from $50.00 to $59.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $68.00.

FMC Price Performance

FMC opened at $59.53 on Wednesday. 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 has a fifty day moving average of $61.30 and a 200 day moving average of $60.52. FMC Co. has a 52-week low of $50.03 and a 52-week high of $68.72. The stock has a market cap of $7.43 billion, a P/E ratio of 5.12, a PEG ratio of 1.56 and a beta of 0.80.

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