Victory Capital Management Inc. Sells 180 Shares of FMC Co. (NYSE:FMC)

Victory Capital Management Inc. cut its holdings in FMC Co. (NYSE:FMC) by 0.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,314 shares of the basic materials company’s stock after selling 180 shares during the period. Victory Capital Management Inc.’s holdings in FMC were worth $1,405,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Mather Group LLC. raised 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 worth $37,000 after purchasing an additional 396 shares during the period. LRI Investments LLC purchased a new position in shares of FMC during the 1st quarter valued at about $39,000. UMB Bank n.a. grew its stake in shares of FMC by 56.9% during the 2nd quarter. UMB Bank n.a. now owns 678 shares of the basic materials company’s stock valued at $39,000 after acquiring an additional 246 shares during the period. Summit Securities Group LLC purchased a new stake in FMC in the 2nd quarter worth approximately $58,000. Finally, Rothschild Investment LLC purchased a new stake in FMC in the 2nd quarter worth approximately $60,000. Hedge funds and other institutional investors own 91.86% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on FMC shares. Barclays upped their price target on shares of FMC from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. increased their price target on FMC from $50.00 to $59.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Mizuho boosted their price objective on FMC from $64.00 to $70.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Citigroup started coverage on FMC in a research report on Wednesday, October 23rd. They set a “neutral” rating and a $67.00 target price for the company. Finally, Royal Bank of Canada boosted their price target on FMC from $78.00 to $81.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $68.00.

FMC Price Performance

FMC stock opened at $60.62 on Tuesday. FMC Co. has a 52-week low of $50.03 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 firm’s fifty day moving average is $61.69 and its 200 day moving average is $60.74. The company has a market cap of $7.57 billion, a price-to-earnings ratio of 5.22, a PEG ratio of 1.55 and a beta of 0.85.

FMC (NYSE:FMC) last announced its earnings results on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the company earned $0.44 EPS. The business’s revenue was up 8.5% compared to the same quarter last year. Sell-side analysts forecast that FMC Co. will post 3.35 EPS for the current fiscal year.

Insider Transactions at FMC

In other news, VP Jacqueline Scanlan sold 4,529 shares of the company’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 transaction of $270,245.43. Following the transaction, the vice president now owns 28,649 shares of the company’s stock, valued at approximately $1,709,485.83. This represents a 13.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.81% of the company’s stock.

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.