FMC Co. (NYSE:FMC) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. reduced its stake in shares of FMC Co. (NYSE:FMC) by 14.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,869 shares of the basic materials company’s stock after selling 796 shares during the period. Crossmark Global Holdings Inc.’s holdings in FMC were worth $321,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Dark Forest Capital Management LP increased its stake in shares of FMC by 3.1% in the 2nd quarter. Dark Forest Capital Management LP now owns 6,465 shares of the basic materials company’s stock worth $372,000 after acquiring an additional 192 shares during the last quarter. HB Wealth Management LLC increased its position in FMC by 3.8% during the second quarter. HB Wealth Management LLC now owns 5,649 shares of the basic materials company’s stock worth $325,000 after purchasing an additional 208 shares during the last quarter. CreativeOne Wealth LLC raised its stake in FMC by 6.7% during the first quarter. CreativeOne Wealth LLC now owns 3,926 shares of the basic materials company’s stock worth $250,000 after purchasing an additional 246 shares during the period. UMB Bank n.a. boosted its holdings in FMC by 56.9% in the 2nd quarter. UMB Bank n.a. now owns 678 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 246 shares during the last quarter. Finally, Benjamin Edwards Inc. grew its stake in shares of FMC by 24.3% in the 2nd quarter. Benjamin Edwards Inc. now owns 1,326 shares of the basic materials company’s stock valued at $76,000 after buying an additional 259 shares during the period. Hedge funds and other institutional investors own 91.86% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on FMC. BMO Capital Markets increased their price objective on FMC from $60.00 to $65.00 and gave the stock a “market perform” rating in a research report on Friday, August 2nd. Mizuho lifted their price target on shares of FMC from $64.00 to $70.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Citigroup started coverage on shares of FMC in a report on Wednesday, October 23rd. They issued a “neutral” rating and a $67.00 price objective on the stock. Barclays lifted their target price on shares of FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. Finally, JPMorgan Chase & Co. upped their price target on FMC from $50.00 to $59.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $68.00.

Insider Transactions at FMC

In other news, VP Jacqueline Scanlan sold 4,529 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $59.67, for a total value of $270,245.43. Following the completion of the sale, the vice president now directly owns 28,649 shares of the company’s stock, valued at approximately $1,709,485.83. The trade was a 13.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.85% of the company’s stock.

FMC Stock Performance

NYSE:FMC opened at $54.39 on Monday. The firm has a market capitalization of $6.79 billion, a PE ratio of 4.68, a price-to-earnings-growth ratio of 1.43 and a beta of 0.85. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.48 and a quick ratio of 1.09. The business’s fifty day moving average price is $62.22 and its 200 day moving average price is $61.00. FMC Co. has a 12 month low of $50.03 and a 12 month high of $68.72.

FMC (NYSE:FMC) last issued its earnings results 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. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.04 billion. FMC had a return on equity of 7.68% and a net margin of 34.93%. The business’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the company earned $0.44 EPS. On average, sell-side analysts anticipate that FMC Co. will post 3.35 earnings per share for the current fiscal 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.