FMC Co. (NYSE:FMC) Shares Purchased by Mizuho Securities USA LLC

Mizuho Securities USA LLC boosted its stake in shares of FMC Co. (NYSE:FMC) by 2,531.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 253,179 shares of the basic materials company’s stock after purchasing an additional 243,557 shares during the quarter. Mizuho Securities USA LLC’s holdings in FMC were worth $16,695,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in FMC. Mather Group LLC. boosted its position in FMC by 250.6% during the third 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 acquired a new position in FMC during the first quarter worth $41,000. UMB Bank n.a. lifted its holdings in 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 purchasing an additional 246 shares during the last quarter. EntryPoint Capital LLC raised its position in FMC by 1,282.3% in the 1st quarter. EntryPoint Capital LLC now owns 857 shares of the basic materials company’s stock valued at $55,000 after purchasing an additional 795 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of FMC by 120.9% in the third quarter. GAMMA Investing LLC now owns 919 shares of the basic materials company’s stock worth $61,000 after acquiring an additional 503 shares during the last quarter. Institutional investors and hedge funds own 91.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on FMC. Citigroup initiated coverage on shares of FMC in a report on Wednesday, October 23rd. They issued a “neutral” rating and a $67.00 price objective on the stock. Mizuho increased their price objective on FMC from $64.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. KeyCorp lowered their target price on FMC from $81.00 to $79.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Barclays lifted their price objective on shares of FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a research report on Monday, August 5th. Finally, JPMorgan Chase & Co. upped their price objective on shares of FMC from $50.00 to $59.00 and gave the company a “neutral” rating in a report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $68.00.

FMC Stock Down 2.0 %

Shares of NYSE:FMC opened at $54.39 on Friday. The stock has a market cap of $6.79 billion, a price-to-earnings ratio of 4.68, a PEG ratio of 1.47 and a beta of 0.85. The business’s 50 day moving average is $62.22 and its 200 day moving average is $60.97. FMC Co. has a 12-month low of $50.03 and a 12-month 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.

FMC (NYSE:FMC) last announced its earnings results on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.20. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.04 billion. FMC had a return on equity of 7.68% and a net margin of 34.93%. The company’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.44 EPS. On average, sell-side analysts forecast that FMC Co. will post 3.35 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, VP Jacqueline Scanlan sold 4,529 shares of the stock in a transaction 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 completion of the transaction, the vice president now owns 28,649 shares in the company, valued at approximately $1,709,485.83. This represents a 13.65 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.85% of the stock is owned by insiders.

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.