FMC Co. (NYSE:FMC) Shares Purchased by Quarry LP

Quarry LP boosted its stake in FMC Co. (NYSE:FMC) by 1,334.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,133 shares of the basic materials company’s stock after buying an additional 1,054 shares during the period. Quarry LP’s holdings in FMC were worth $75,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of FMC. AQR Capital Management LLC lifted its holdings in shares of FMC by 317.7% during the second quarter. AQR Capital Management LLC now owns 1,099,389 shares of the basic materials company’s stock valued at $63,160,000 after purchasing an additional 836,179 shares during the last quarter. Pzena Investment Management LLC purchased a new stake in shares of FMC during the second quarter valued at $33,191,000. Ilex Capital Partners UK LLP lifted its holdings in shares of FMC by 2,129.4% during the third quarter. Ilex Capital Partners UK LLP now owns 440,353 shares of the basic materials company’s stock valued at $29,037,000 after purchasing an additional 420,601 shares during the last quarter. Van ECK Associates Corp lifted its stake in FMC by 116.8% in the 2nd 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 in the last quarter. Finally, Mizuho Securities USA LLC lifted its stake in FMC by 2,531.3% in the 3rd quarter. Mizuho Securities USA LLC now owns 253,179 shares of the basic materials company’s stock worth $16,695,000 after acquiring an additional 243,557 shares in the last quarter. Institutional investors own 91.86% of the company’s stock.

Insider Transactions at FMC

In other news, VP Jacqueline Scanlan sold 4,529 shares of FMC stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $59.67, for a total transaction of $270,245.43. Following the sale, the vice president now owns 28,649 shares of the company’s stock, valued at approximately $1,709,485.83. This trade represents a 13.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.85% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FMC. Citigroup began coverage on FMC in a research note on Wednesday, October 23rd. They issued a “neutral” rating and a $67.00 price objective for the company. Royal Bank of Canada increased their price objective on FMC from $78.00 to $81.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. increased their price objective on FMC from $50.00 to $59.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Finally, Mizuho raised their price target on FMC from $64.00 to $70.00 and gave the stock a “neutral” 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $68.00.

FMC Stock Performance

FMC opened at $56.58 on Monday. The firm has a market capitalization of $7.06 billion, a P/E ratio of 4.87, a price-to-earnings-growth ratio of 1.55 and a beta of 0.80. The stock’s 50 day moving average price is $60.73 and its two-hundred day moving average price is $60.36. 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 Co. has a 12-month low of $50.03 and a 12-month high of $68.72.

FMC (NYSE:FMC) last announced 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 return on equity of 7.68% and a net margin of 34.93%. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the firm earned $0.44 EPS. FMC’s revenue for the quarter 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 year.

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.