Qsemble Capital Management LP Reduces Stake in FMC Co. (NYSE:FMC)

Qsemble Capital Management LP trimmed its position in shares of FMC Co. (NYSE:FMC) by 22.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,250 shares of the basic materials company’s stock after selling 3,819 shares during the quarter. Qsemble Capital Management LP’s holdings in FMC were worth $874,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. First Horizon Advisors Inc. boosted its position in shares of FMC by 90.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock worth $34,000 after buying an additional 246 shares in the last quarter. Mather Group LLC. lifted its holdings in shares of FMC by 250.6% in the third quarter. Mather Group LLC. now owns 554 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 396 shares in the last quarter. LRI Investments LLC acquired a new stake in shares of FMC in the first quarter valued at approximately $39,000. UMB Bank n.a. increased its stake in shares of FMC by 56.9% during the 2nd quarter. UMB Bank n.a. now owns 678 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 246 shares in the last quarter. Finally, Peterson Financial Group Inc. acquired a new position in shares of FMC during the 3rd quarter worth approximately $51,000. Hedge funds and other institutional investors own 91.86% of the company’s stock.

FMC Trading Down 1.1 %

NYSE:FMC opened at $59.97 on Wednesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.09 and a current ratio of 1.48. FMC Co. has a one year low of $50.03 and a one year high of $68.72. The business’s 50-day simple moving average is $61.69 and its 200 day simple moving average is $60.74. The stock has a market cap of $7.49 billion, a price-to-earnings ratio of 5.16, a price-to-earnings-growth ratio of 1.55 and a beta of 0.85.

FMC (NYSE:FMC) last issued its quarterly earnings results on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share (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 business 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 firm earned $0.44 earnings per share. The business’s revenue was up 8.5% compared to the same quarter last year. As a group, sell-side analysts predict that FMC Co. will post 3.35 earnings per share for the current fiscal year.

Insider Activity at FMC

In related news, VP Jacqueline Scanlan sold 4,529 shares of the company’s 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 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.81% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Royal Bank of Canada increased 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. Barclays increased their price objective on FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. Mizuho raised their price target on shares of FMC from $64.00 to $70.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. KeyCorp dropped their target price on FMC from $81.00 to $79.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Finally, 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 report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $68.00.

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 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.