Charles Schwab Investment Management Inc. Has $102.03 Million Stock Position in FMC Co. (NYSE:FMC)

Charles Schwab Investment Management Inc. decreased its stake in FMC Co. (NYSE:FMC) by 0.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 977,817 shares of the basic materials company’s stock after selling 7,572 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.78% of FMC worth $102,025,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Steward Partners Investment Advisory LLC boosted its stake in FMC by 68.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 228 shares of the basic materials company’s stock worth $28,000 after buying an additional 93 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in FMC during the second quarter worth $36,000. Orion Capital Management LLC acquired a new stake in FMC during the first quarter worth $40,000. ZRC Wealth Management LLC acquired a new stake in FMC during the first quarter worth $43,000. Finally, Parkside Financial Bank & Trust boosted its stake in FMC by 99.4% during the first quarter. Parkside Financial Bank & Trust now owns 351 shares of the basic materials company’s stock worth $47,000 after buying an additional 175 shares in the last quarter. Institutional investors and hedge funds own 86.91% of the company’s stock.

Wall Street Analysts Forecast Growth

FMC has been the topic of a number of recent research reports. Bank of America reiterated a “neutral” rating and set a $63.00 price target on shares of FMC in a research note on Tuesday, October 24th. JPMorgan Chase & Co. started coverage on FMC in a report on Monday, August 21st. They set a “neutral” rating and a $90.00 price objective for the company. Mizuho cut their price objective on FMC from $122.00 to $98.00 and set a “buy” rating for the company in a report on Tuesday, October 10th. Credit Suisse Group raised FMC from an “underperform” rating to a “neutral” rating and set a $101.00 price objective for the company in a report on Friday, August 4th. Finally, KeyCorp cut their price objective on FMC from $107.00 to $83.00 and set an “overweight” rating for the company in a report on Tuesday, October 24th. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $88.94.

Insiders Place Their Bets

In other news, insider Nicholas Pfeiffer acquired 992 shares of the company’s stock in a transaction on Wednesday, September 13th. The stock was purchased at an average cost of $75.62 per share, with a total value of $75,015.04. Following the acquisition, the insider now owns 13,056 shares of the company’s stock, valued at approximately $987,294.72. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP Ronaldo Pereira bought 2,000 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The stock was bought at an average cost of $75.59 per share, for a total transaction of $151,180.00. Following the transaction, the executive vice president now owns 21,478 shares of the company’s stock, valued at $1,623,522.02. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Nicholas Pfeiffer bought 992 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The shares were bought at an average price of $75.62 per share, with a total value of $75,015.04. Following the completion of the transaction, the insider now directly owns 13,056 shares in the company, valued at approximately $987,294.72. The disclosure for this purchase can be found here. Company insiders own 0.85% of the company’s stock.

FMC Stock Performance

FMC stock opened at $53.71 on Tuesday. The stock has a 50-day simple moving average of $61.92 and a 200 day simple moving average of $85.53. The company has a quick ratio of 0.96, a current ratio of 1.54 and a debt-to-equity ratio of 0.91. FMC Co. has a 12-month low of $49.49 and a 12-month high of $134.38. The stock has a market capitalization of $6.70 billion, a price-to-earnings ratio of 13.67, a P/E/G ratio of 1.79 and a beta of 0.90.

FMC (NYSE:FMC) last announced its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.01). The firm had revenue of $981.90 million for the quarter, compared to the consensus estimate of $1.01 billion. FMC had a return on equity of 18.84% and a net margin of 10.01%. The business’s revenue for the quarter was down 28.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.23 earnings per share. On average, research analysts anticipate that FMC Co. will post 3.81 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 include 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.