BNP Paribas Trims Holdings in FMC Co. (NYSE:FMC)

BNP Paribas cut its holdings in FMC Co. (NYSE:FMC) by 25.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,127 shares of the basic materials company’s stock after selling 4,718 shares during the quarter. BNP Paribas’ holdings in FMC were worth $930,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. First Horizon Advisors Inc. boosted its stake in FMC by 90.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 246 shares in the last quarter. Mather Group LLC. boosted its stake in FMC by 250.6% in the 3rd quarter. Mather Group LLC. now owns 554 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 396 shares in the last quarter. LRI Investments LLC bought a new position in FMC in the 1st quarter worth about $39,000. UMB Bank n.a. boosted its stake in FMC by 56.9% in the 2nd quarter. UMB Bank n.a. now owns 678 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 246 shares in the last quarter. Finally, Peterson Financial Group Inc. bought a new position in FMC in the 3rd quarter worth about $51,000. 91.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FMC has been the topic of a number of analyst reports. Mizuho upped their price target on shares of FMC from $64.00 to $70.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. 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 note on Monday, August 5th. Citigroup started coverage on shares of FMC in a research note on Wednesday, October 23rd. They issued a “neutral” rating and a $67.00 price target on the stock. BMO Capital Markets upped their target price on shares of FMC from $60.00 to $65.00 and gave the company a “market perform” rating in a research note on Friday, August 2nd. Finally, Royal Bank of Canada upped their target price on shares of FMC from $78.00 to $81.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $68.00.

Insider Transactions at FMC

In related news, 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 value of $270,245.43. Following the completion of the sale, the vice president now directly owns 28,649 shares of the company’s stock, 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 SEC, which can be accessed through this link. Company insiders own 0.85% of the company’s stock.

FMC Price Performance

Shares of NYSE:FMC opened at $59.52 on Thursday. The firm’s 50 day moving average price is $61.62 and its 200-day moving average price is $60.69. FMC Co. has a twelve month low of $50.03 and a twelve 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. The stock has a market capitalization of $7.43 billion, a PE ratio of 5.12, a price-to-earnings-growth ratio of 1.60 and a beta of 0.85.

FMC (NYSE:FMC) last issued its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share 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 firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the prior year, the business earned $0.44 EPS. The business’s quarterly revenue was up 8.5% on a year-over-year basis. Equities research analysts expect that FMC Co. will post 3.35 EPS for the current 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.