FMC Co. (NYSE:FMC) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its holdings in FMC Co. (NYSE:FMC) by 31.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 6,302 shares of the basic materials company’s stock after selling 2,938 shares during the period. Allspring Global Investments Holdings LLC’s holdings in FMC were worth $416,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of FMC. Mather Group LLC. increased its holdings in shares of FMC by 250.6% during the 3rd quarter. Mather Group LLC. now owns 554 shares of the basic materials company’s stock worth $37,000 after buying an additional 396 shares during the last quarter. LRI Investments LLC acquired a new stake in shares of FMC during the 1st quarter worth $39,000. UMB Bank n.a. increased its holdings 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 worth $39,000 after buying an additional 246 shares during the last quarter. Sentry Investment Management LLC acquired a new stake in shares of FMC during the 1st quarter worth $45,000. Finally, EntryPoint Capital LLC increased its holdings in shares of FMC by 1,282.3% during the 1st quarter. EntryPoint Capital LLC now owns 857 shares of the basic materials company’s stock worth $55,000 after buying an additional 795 shares during the last quarter. 91.86% of the stock is currently owned by institutional investors and hedge funds.

FMC Stock Performance

NYSE:FMC opened at $63.15 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.48 and a quick ratio of 1.07. The firm has a 50-day moving average of $63.21 and a two-hundred day moving average of $60.88. The stock has a market cap of $7.88 billion, a P/E ratio of 5.43, a PEG ratio of 1.66 and a beta of 0.85. FMC Co. has a 1-year low of $49.49 and a 1-year high of $68.72.

FMC (NYSE:FMC) last issued its quarterly earnings results on Tuesday, October 29th. The basic materials company reported $0.69 EPS for the quarter, topping 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 business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter last year, the company posted $0.44 earnings per share. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. On average, research analysts expect that FMC Co. will post 3.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Royal Bank of Canada upped their price objective on FMC from $78.00 to $81.00 and gave the stock an “outperform” rating in a report on Friday. Redburn Atlantic raised shares of FMC from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 19th. Wells Fargo & Company decreased their price target on shares of FMC from $68.00 to $62.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 16th. BMO Capital Markets upped their price target on shares of FMC from $60.00 to $65.00 and gave the stock a “market perform” rating in a research report on Friday, August 2nd. Finally, 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. 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 assigned a strong buy rating to the company. According to MarketBeat, FMC currently has a consensus rating of “Hold” and an average target price 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.