SG Americas Securities LLC Has $273,000 Stake in FMC Co. (NYSE:FMC)

SG Americas Securities LLC trimmed its position in shares of FMC Co. (NYSE:FMC) by 66.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,137 shares of the basic materials company’s stock after selling 8,119 shares during the quarter. SG Americas Securities LLC’s holdings in FMC were worth $273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in FMC. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of FMC by 129.0% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 25,948 shares of the basic materials company’s stock valued at $1,636,000 after buying an additional 14,616 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in FMC by 62.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 519,260 shares of the basic materials company’s stock worth $32,739,000 after purchasing an additional 200,254 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in FMC by 27.7% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 866 shares of the basic materials company’s stock worth $55,000 after purchasing an additional 188 shares during the last quarter. Ballentine Partners LLC lifted its holdings in FMC by 52.5% in the 1st quarter. Ballentine Partners LLC now owns 9,135 shares of the basic materials company’s stock worth $582,000 after purchasing an additional 3,146 shares during the last quarter. Finally, Riverview Trust Co acquired a new stake in FMC in the 1st quarter worth approximately $27,000. 91.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on FMC. JPMorgan Chase & Co. boosted their target price on FMC from $50.00 to $59.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Wells Fargo & Company reduced their target price on FMC from $68.00 to $62.00 and set an “equal weight” rating for the company in a report on Tuesday, July 16th. BMO Capital Markets lifted 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. Redburn Atlantic raised FMC from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 19th. Finally, KeyCorp dropped their price target on FMC from $81.00 to $79.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $66.64.

FMC Stock Performance

FMC opened at $62.69 on Monday. The stock has a market cap of $7.82 billion, a PE ratio of 7.00, a P/E/G ratio of 1.53 and a beta of 0.85. The company has a current ratio of 1.48, a quick ratio of 1.07 and a debt-to-equity ratio of 0.66. FMC Co. has a 1 year low of $49.49 and a 1 year high of $68.72. The stock’s 50 day simple moving average is $63.27 and its 200-day simple moving average is $60.70.

FMC (NYSE:FMC) last released its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.08. FMC had a return on equity of 7.52% and a net margin of 33.97%. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the previous year, the business posted $0.50 earnings per share. FMC’s quarterly revenue was up 2.4% on a year-over-year basis. Sell-side analysts forecast that FMC Co. will post 3.4 EPS for the current year.

FMC 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.