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 business’s stock in a transaction dated 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

FMC Stock Performance

NYSE FMC opened at $54.39 on Friday. 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 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 company has a 50 day moving average of $62.22 and a 200-day moving average of $60.96. FMC Co. has a 1-year low of $50.03 and a 1-year high of $68.72.

FMC (NYSE:FMC) last released its earnings results on Tuesday, October 29th. The basic materials company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the previous year, the business earned $0.44 EPS. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. On average, equities analysts forecast that FMC Co. will post 3.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FMC has been the subject of several research analyst reports. Citigroup initiated coverage on FMC in a report on Wednesday, October 23rd. They issued a “neutral” rating and a $67.00 price objective for the company. Barclays upped their target price on FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. Redburn Atlantic raised FMC from a “hold” rating to a “strong-buy” rating in a report on Friday, July 19th. BMO Capital Markets upped their target price on FMC from $60.00 to $65.00 and gave the company a “market perform” rating in a report on Friday, August 2nd. Finally, Royal Bank of Canada upped 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. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $68.00.

Hedge Funds Weigh In On FMC

Hedge funds and other institutional investors have recently made changes to their positions in the company. Millburn Ridgefield Corp lifted its position in FMC by 186.2% in the 3rd quarter. Millburn Ridgefield Corp now owns 498 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 324 shares in the last quarter. First Horizon Advisors Inc. lifted its position in FMC by 90.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 246 shares in the last quarter. Mather Group LLC. lifted its position in FMC by 250.6% in the 3rd quarter. Mather Group LLC. now owns 554 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 396 shares in the last quarter. LRI Investments LLC bought a new stake in FMC in the 1st quarter valued at $39,000. Finally, UMB Bank n.a. lifted its position in FMC by 56.9% in the 2nd quarter. UMB Bank n.a. now owns 678 shares of the basic materials company’s stock valued at $39,000 after acquiring an additional 246 shares in the last quarter. 91.86% of the stock is owned by institutional investors.

About FMC

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.