Swedbank AB Has $4.58 Million Stock Holdings in FMC Co. (NYSE:FMC)

Swedbank AB reduced its holdings in FMC Co. (NYSE:FMC) by 22.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 69,500 shares of the basic materials company’s stock after selling 20,601 shares during the quarter. Swedbank AB’s holdings in FMC were worth $4,583,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of FMC. Algert Global LLC grew its stake in shares of FMC by 118.4% in the third quarter. Algert Global LLC now owns 58,752 shares of the basic materials company’s stock worth $3,874,000 after purchasing an additional 31,850 shares during the last quarter. Kingsview Wealth Management LLC grew its position in shares of FMC by 80.1% in the 3rd quarter. Kingsview Wealth Management LLC now owns 6,382 shares of the basic materials company’s stock valued at $421,000 after buying an additional 2,839 shares during the last quarter. Cerity Partners LLC increased its stake in shares of FMC by 105.7% in the third quarter. Cerity Partners LLC now owns 48,888 shares of the basic materials company’s stock valued at $3,224,000 after buying an additional 25,122 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of FMC by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,136,344 shares of the basic materials company’s stock worth $74,931,000 after acquiring an additional 20,350 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board lifted its stake in shares of FMC by 22.2% in the third quarter. Ontario Teachers Pension Plan Board now owns 19,668 shares of the basic materials company’s stock worth $1,297,000 after acquiring an additional 3,572 shares during the period. Institutional investors own 91.86% of the company’s stock.

Insider Activity at FMC

In related news, VP Jacqueline Scanlan sold 4,529 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $59.67, for a total transaction 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. The trade was a 13.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.81% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on FMC shares. BMO Capital Markets raised their price target on shares of FMC from $60.00 to $65.00 and gave the stock a “market perform” rating in a report on Friday, August 2nd. Citigroup began coverage on shares of FMC in a report on Wednesday, October 23rd. They issued a “neutral” rating and a $67.00 target price on the stock. Barclays increased their price target on FMC from $62.00 to $65.00 and gave the stock an “equal weight” rating in a report on Monday, August 5th. Mizuho boosted their price objective on FMC from $64.00 to $70.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Finally, Royal Bank of Canada raised their target price on FMC from $78.00 to $81.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, FMC presently has a consensus rating of “Hold” and a consensus price target of $68.00.

FMC Stock Down 0.8 %

FMC stock opened at $59.52 on Thursday. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.65. The firm’s fifty day moving average price is $61.62 and its two-hundred day moving average price is $60.69. The firm has a market capitalization of $7.43 billion, a price-to-earnings ratio of 5.12, a price-to-earnings-growth ratio of 1.60 and a beta of 0.85. FMC Co. has a 1-year low of $50.03 and a 1-year high of $68.72.

FMC (NYSE:FMC) last announced its quarterly earnings results on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.20. The business had revenue of $1.07 billion for 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 revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.44 EPS. On average, equities research analysts predict that FMC Co. will post 3.35 earnings per share for the current fiscal year.

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.