FMC Co. (NYSE:FMC) Shares Sold by US Bancorp DE

US Bancorp DE reduced its position in FMC Co. (NYSE:FMC) by 4.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,053 shares of the basic materials company’s stock after selling 618 shares during the period. US Bancorp DE’s holdings in FMC were worth $861,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Pallas Capital Advisors LLC lifted its stake in shares of FMC by 26.7% in the 3rd quarter. Pallas Capital Advisors LLC now owns 10,102 shares of the basic materials company’s stock valued at $621,000 after purchasing an additional 2,129 shares in the last quarter. Hunter Associates Investment Management LLC acquired a new position in shares of FMC in the 3rd quarter valued at about $201,000. Nisa Investment Advisors LLC lifted its stake in shares of FMC by 3.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 72,352 shares of the basic materials company’s stock valued at $4,813,000 after purchasing an additional 2,692 shares in the last quarter. Tributary Capital Management LLC lifted its stake in shares of FMC by 114.3% in the 3rd quarter. Tributary Capital Management LLC now owns 4,875 shares of the basic materials company’s stock valued at $321,000 after purchasing an additional 2,600 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in shares of FMC by 7.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 14,515 shares of the basic materials company’s stock valued at $957,000 after purchasing an additional 980 shares in the last quarter. 91.86% of the stock is owned by institutional investors and hedge funds.

FMC Price Performance

FMC stock opened at $59.70 on Friday. FMC Co. has a 52-week low of $49.49 and a 52-week high of $68.72. 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 company has a market capitalization of $7.45 billion, a PE ratio of 5.14, a P/E/G ratio of 1.60 and a beta of 0.85. The stock’s 50 day moving average is $62.87 and its two-hundred day moving average is $61.07.

FMC (NYSE:FMC) last issued its quarterly earnings results on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the previous year, the business earned $0.44 EPS. The business’s quarterly revenue was up 8.5% on a year-over-year basis. Analysts predict that FMC Co. will post 3.35 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on FMC shares. BMO Capital Markets raised their target price on FMC from $60.00 to $65.00 and gave the company a “market perform” rating in a report on Friday, August 2nd. KeyCorp dropped their target price on FMC from $81.00 to $79.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Citigroup started coverage on FMC in a report on Wednesday, October 23rd. They set a “neutral” rating and a $67.00 target price on the stock. Barclays raised their target price on FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. Finally, Redburn Atlantic upgraded FMC from a “hold” rating to a “strong-buy” rating in a report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $68.00.

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.