CIBC Asset Management Inc grew its stake in shares of FMC Co. (NYSE:FMC) by 1.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,515 shares of the basic materials company’s stock after acquiring an additional 212 shares during the period. CIBC Asset Management Inc’s holdings in FMC were worth $1,220,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Pelham Capital Ltd. raised its stake in shares of FMC by 6.7% during the second quarter. Pelham Capital Ltd. now owns 951,031 shares of the basic materials company’s stock valued at $94,742,000 after acquiring an additional 59,988 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of FMC by 100.0% during the second quarter. Nordea Investment Management AB now owns 13,156 shares of the basic materials company’s stock valued at $1,282,000 after acquiring an additional 6,578 shares in the last quarter. Trexquant Investment LP bought a new stake in shares of FMC during the second quarter valued at approximately $852,000. Cipher Capital LP bought a new stake in shares of FMC during the second quarter valued at approximately $1,071,000. Finally, Swiss National Bank raised its stake in shares of FMC by 1.7% during the second quarter. Swiss National Bank now owns 511,725 shares of the basic materials company’s stock valued at $50,978,000 after acquiring an additional 8,600 shares in the last quarter. 88.35% of the stock is owned by hedge funds and other institutional investors.
Several analysts have recently weighed in on the stock. KeyCorp lifted their price target on shares of FMC from $119.00 to $121.00 and gave the company an “overweight” rating in a research note on Wednesday, November 4th. Zacks Investment Research downgraded shares of FMC from a “buy” rating to a “hold” rating and set a $113.00 price objective for the company. in a research note on Wednesday, October 21st. Rowe boosted their price objective on shares of FMC from $125.00 to $130.00 and gave the stock a “positive” rating in a research note on Monday, November 2nd. G.Research reissued a “buy” rating on shares of FMC in a research note on Thursday, August 27th. Finally, Wells Fargo & Company boosted their price objective on shares of FMC from $120.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Four analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. FMC currently has an average rating of “Buy” and a consensus price target of $117.81.
Shares of FMC opened at $108.60 on Monday. The firm has a market capitalization of $14.09 billion, a PE ratio of 28.43, a price-to-earnings-growth ratio of 1.50 and a beta of 1.03. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.70 and a quick ratio of 1.17. FMC Co. has a 1-year low of $56.77 and a 1-year high of $115.90. The company’s fifty day moving average price is $106.46 and its 200-day moving average price is $103.22.
FMC (NYSE:FMC) last announced its quarterly earnings data on Saturday, November 7th. The basic materials company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.11. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.07 billion. FMC had a net margin of 10.64% and a return on equity of 30.81%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.94 earnings per share. As a group, research analysts anticipate that FMC Co. will post 6.53 EPS 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. The company develop, markets, and sells crop protection chemicals, which include insecticides, herbicides, and fungicides that are used in agriculture to enhance crop yield and quality by controlling a range of insects, weeds, and disease, as well as in non-agricultural markets for pest control.
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