Sandy Spring Bank lifted its stake in shares of FMC Co. (NYSE:FMC) by 6.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,221 shares of the basic materials company’s stock after acquiring an additional 1,531 shares during the quarter. Sandy Spring Bank’s holdings in FMC were worth $2,777,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently modified their holdings of FMC. Pelham Capital Ltd. increased its holdings 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 position in shares of FMC by 100.0% in 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 purchasing an additional 6,578 shares during the period. Trexquant Investment LP bought a new position in shares of FMC in the second quarter valued at approximately $852,000. Cipher Capital LP bought a new position in shares of FMC in the second quarter valued at approximately $1,071,000. Finally, Swiss National Bank raised its position in shares of FMC by 1.7% in the second quarter. Swiss National Bank now owns 511,725 shares of the basic materials company’s stock valued at $50,978,000 after purchasing an additional 8,600 shares during the period. Institutional investors own 88.35% of the company’s stock.
A number of equities analysts have recently commented on FMC shares. Cleveland Research started coverage on shares of FMC in a research report on Tuesday, September 15th. They issued a “neutral” rating on the stock. Credit Suisse Group increased their price objective on FMC from $128.00 to $135.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 4th. Rowe increased their price objective on FMC from $125.00 to $130.00 and gave the stock a “positive” rating in a research report on Monday, November 2nd. ValuEngine upgraded FMC from a “sell” rating to a “hold” rating in a research report on Friday, August 7th. Finally, Morgan Stanley raised their price target on FMC from $105.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Monday, August 17th. Four equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. FMC presently has an average rating of “Buy” and an average price target of $118.94.
Shares of FMC stock traded up $0.39 on Tuesday, reaching $112.38. The stock had a trading volume of 4,915 shares, compared to its average volume of 832,939. The stock has a market cap of $14.53 billion, a P/E ratio of 29.32, a price-to-earnings-growth ratio of 1.50 and a beta of 1.03. FMC Co. has a 1 year low of $56.77 and a 1 year high of $115.90. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.17 and a current ratio of 1.70. The company has a 50 day simple moving average of $106.68 and a 200 day simple moving average of $103.51.
FMC (NYSE:FMC) last released its quarterly earnings results on Saturday, November 7th. The basic materials company reported $1.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.11. FMC had a return on equity of 30.81% and a net margin of 10.64%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the business posted $0.94 EPS. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, equities research analysts anticipate that FMC Co. will post 6.53 earnings per share 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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