Janney Montgomery Scott LLC Has $1.62 Million Position in FMC Co. (NYSE:FMC)

Janney Montgomery Scott LLC lessened its holdings in FMC Co. (NYSE:FMC) by 18.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,582 shares of the basic materials company’s stock after selling 5,581 shares during the quarter. Janney Montgomery Scott LLC’s holdings in FMC were worth $1,621,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Pallas Capital Advisors LLC grew its position in FMC by 26.7% during the 3rd quarter. Pallas Capital Advisors LLC now owns 10,102 shares of the basic materials company’s stock worth $621,000 after acquiring an additional 2,129 shares during the last quarter. Hunter Associates Investment Management LLC bought a new stake in FMC during the 3rd quarter worth about $201,000. Nisa Investment Advisors LLC increased its position in 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 acquiring an additional 2,692 shares in the last quarter. Tributary Capital Management LLC grew its stake in shares of FMC by 114.3% during the third 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 during the last quarter. Finally, State of Alaska Department of Revenue increased its holdings in shares of FMC by 7.2% in the third 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. Institutional investors and hedge funds own 91.86% of the company’s stock.

Insider Transactions at FMC

In related news, VP Jacqueline Scanlan sold 4,529 shares of the company’s 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 transaction, the vice president now directly owns 28,649 shares in the company, valued at approximately $1,709,485.83. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.85% of the stock is owned by corporate insiders.

FMC Trading Down 0.4 %

Shares of NYSE:FMC opened at $55.73 on Thursday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.09 and a current ratio of 1.48. The company has a 50-day simple moving average of $62.48 and a 200 day simple moving average of $61.04. The company has a market capitalization of $6.96 billion, a P/E ratio of 4.80, a price-to-earnings-growth ratio of 1.47 and a beta of 0.85. FMC Co. has a 52-week low of $50.03 and a 52-week high of $68.72.

FMC (NYSE:FMC) last released its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.49 by $0.20. The firm 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 company’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.44 earnings per share. Sell-side analysts forecast that FMC Co. will post 3.35 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on FMC shares. Redburn Atlantic raised FMC from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 19th. KeyCorp reduced their price objective on shares of FMC from $81.00 to $79.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. JPMorgan Chase & Co. upped their price target on FMC from $50.00 to $59.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Mizuho upped their price objective on shares of FMC from $64.00 to $70.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Finally, Barclays raised their price target on FMC from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Monday, August 5th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, FMC 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.