Jacqueline Scanlan Sells 4,529 Shares of FMC Co. (NYSE:FMC) Stock

FMC Co. (NYSE:FMC) VP Jacqueline Scanlan sold 4,529 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $59.67, for a total transaction of $270,245.43. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

FMC Stock Down 0.5 %

FMC opened at $55.47 on Friday. FMC Co. has a one year low of $50.03 and a one year high of $68.72. 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 business’s fifty day moving average is $62.34 and its two-hundred day moving average is $61.00. The company has a market cap of $6.92 billion, a price-to-earnings ratio of 4.77, a PEG ratio of 1.47 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, topping analysts’ consensus estimates of $0.49 by $0.20. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.04 billion. FMC had a net margin of 34.93% and a return on equity of 7.68%. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.44 earnings per share. Analysts anticipate that FMC Co. will post 3.35 EPS for the current fiscal year.

Hedge Funds Weigh In On FMC

Several hedge funds have recently bought and sold shares of FMC. Price T Rowe Associates Inc. MD lifted its stake in shares of FMC by 35.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,061,828 shares of the basic materials company’s stock worth $322,439,000 after purchasing an additional 1,316,133 shares during the period. AQR Capital Management LLC increased its stake in shares of 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 valued at $63,160,000 after acquiring an additional 836,179 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of FMC by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 15,290,219 shares of the basic materials company’s stock worth $973,987,000 after acquiring an additional 768,432 shares during the period. Maple Rock Capital Partners Inc. purchased a new position in FMC during the first quarter worth approximately $37,686,000. Finally, Pzena Investment Management LLC acquired a new position in shares of FMC in the 2nd quarter valued at $33,191,000. Hedge funds and other institutional investors own 91.86% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on FMC shares. JPMorgan Chase & Co. lifted their price target on shares of FMC from $50.00 to $59.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Royal Bank of Canada boosted their target price on FMC from $78.00 to $81.00 and gave the company an “outperform” rating in a report on Friday, November 1st. KeyCorp reduced their price objective on FMC from $81.00 to $79.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Redburn Atlantic upgraded shares of FMC from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 19th. Finally, Barclays lifted their target price on shares of FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus 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.