Advisors Asset Management Inc. Grows Stock Holdings in FMC Co. (NYSE:FMC)

Advisors Asset Management Inc. boosted its stake in FMC Co. (NYSE:FMC) by 27.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,483 shares of the basic materials company’s stock after acquiring an additional 9,449 shares during the period. Advisors Asset Management Inc.’s holdings in FMC were worth $2,867,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its holdings in shares of FMC by 35.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,061,828 shares of the basic materials company’s stock valued at $322,439,000 after purchasing an additional 1,316,133 shares during the period. AQR Capital Management LLC raised its position in FMC by 317.7% during the 2nd quarter. AQR Capital Management LLC now owns 1,099,389 shares of the basic materials company’s stock worth $63,160,000 after buying an additional 836,179 shares during the last quarter. Pzena Investment Management LLC acquired a new stake in shares of FMC in the 2nd quarter worth $33,191,000. Swedbank AB purchased a new stake in shares of FMC in the first quarter valued at about $21,995,000. Finally, Van ECK Associates Corp increased its stake in shares of FMC by 116.8% during the second quarter. Van ECK Associates Corp now owns 555,095 shares of the basic materials company’s stock worth $31,946,000 after acquiring an additional 299,097 shares during the period. 91.86% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at FMC

In other news, VP Jacqueline Scanlan sold 4,529 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were 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 of the company’s stock, valued at $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 is available through this link. 0.85% of the stock is currently owned by insiders.

FMC Stock Up 0.7 %

Shares of NYSE:FMC opened at $58.74 on Friday. The company has a market capitalization of $7.33 billion, a P/E ratio of 5.06, a P/E/G ratio of 1.54 and a beta of 0.85. The stock’s fifty day simple moving average is $61.74 and its 200-day simple moving average is $60.82. FMC Co. has a 52-week low of $50.03 and a 52-week 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 issued its quarterly 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. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.04 billion. FMC had a net margin of 34.93% and a return on equity of 7.68%. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.44 earnings per share. As a group, equities research analysts forecast that FMC Co. will post 3.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on FMC. BMO Capital Markets raised their price objective on shares of FMC from $60.00 to $65.00 and gave the company a “market perform” rating in a research report on Friday, August 2nd. Royal Bank of Canada upped their price objective on FMC from $78.00 to $81.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Citigroup assumed coverage on FMC in a report on Wednesday, October 23rd. They issued a “neutral” rating and a $67.00 target price for the company. JPMorgan Chase & Co. upped their price target on shares of FMC from $50.00 to $59.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Finally, Barclays raised their price objective on shares of FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. One analyst has rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, FMC currently has an average rating of “Hold” and a consensus target price of $68.00.

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.