Atria Investments Inc Sells 3,468 Shares of FMC Co. (NYSE:FMC)

Atria Investments Inc cut its stake in shares of FMC Co. (NYSE:FMC) by 50.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,357 shares of the basic materials company’s stock after selling 3,468 shares during the quarter. Atria Investments Inc’s holdings in FMC were worth $221,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its stake in shares of FMC by 35.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,061,828 shares of the basic materials company’s stock valued at $322,439,000 after purchasing an additional 1,316,133 shares in the last quarter. AQR Capital Management LLC grew its holdings in FMC by 317.7% during the 2nd quarter. AQR Capital Management LLC now owns 1,099,389 shares of the basic materials company’s stock worth $63,160,000 after acquiring an additional 836,179 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in FMC by 2.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 858,129 shares of the basic materials company’s stock worth $49,385,000 after acquiring an additional 17,381 shares during the last quarter. Dimensional Fund Advisors LP increased its position in FMC by 9.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 721,879 shares of the basic materials company’s stock valued at $41,543,000 after acquiring an additional 64,055 shares during the period. Finally, New South Capital Management Inc. raised its stake in shares of FMC by 29.3% during the second quarter. New South Capital Management Inc. now owns 656,145 shares of the basic materials company’s stock valued at $37,761,000 after acquiring an additional 148,583 shares during the last quarter. 91.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Royal Bank of Canada increased their price objective on FMC from $78.00 to $81.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Barclays increased their price target on FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. Citigroup started coverage on FMC in a research report on Wednesday, October 23rd. They set a “neutral” rating and a $67.00 price objective for the company. BMO Capital Markets upped 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. Finally, KeyCorp lowered their price target on shares of FMC from $81.00 to $79.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $68.00.

FMC Trading Up 0.7 %

FMC opened at $58.74 on Friday. The company has a fifty day moving average price of $61.74 and a two-hundred day moving average price of $60.82. FMC Co. has a 1-year low of $50.03 and a 1-year high of $68.72. The company has a market cap of $7.33 billion, a P/E ratio of 5.06, a price-to-earnings-growth ratio of 1.54 and a beta of 0.85. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.65.

FMC (NYSE:FMC) last issued its earnings results on Tuesday, October 29th. The basic materials company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.20. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.04 billion. FMC had a return on equity of 7.68% and a net margin of 34.93%. The firm’s revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.44 EPS. Analysts predict that FMC Co. will post 3.35 EPS for the current fiscal year.

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 sale, the vice president now owns 28,649 shares in the company, valued at $1,709,485.83. This represents a 13.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.85% of the stock is owned by insiders.

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.