Oppenheimer Asset Management Inc. Sells 60,127 Shares of FMC Co. (NYSE:FMC)

Oppenheimer Asset Management Inc. trimmed its position in FMC Co. (NYSE:FMC) by 72.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,427 shares of the basic materials company’s stock after selling 60,127 shares during the period. Oppenheimer Asset Management Inc.’s holdings in FMC were worth $1,545,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

FMC has been the subject of several recent research reports. Barclays boosted their target price on shares of FMC from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Monday, August 5th. Mizuho boosted their price objective on FMC from $64.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Royal Bank of Canada raised 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. BMO Capital Markets lifted their target price on FMC from $60.00 to $65.00 and gave the company a “market perform” rating in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. increased their price target on FMC from $50.00 to $59.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, ten have assigned 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 presently has a consensus rating of “Hold” and a consensus target price of $68.00.

FMC Trading Down 2.0 %

NYSE:FMC opened at $54.39 on Monday. FMC Co. has a 12 month low of $50.03 and a 12 month high of $68.72. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.65. The firm’s 50 day moving average is $62.22 and its 200 day moving average is $61.00. The stock 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.

FMC (NYSE:FMC) last issued its quarterly earnings results on Tuesday, October 29th. The basic materials company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.20. FMC had a return on equity of 7.68% and a net margin of 34.93%. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the prior year, the firm earned $0.44 EPS. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. Sell-side analysts expect that FMC Co. will post 3.35 earnings per share for the current year.

Insiders Place Their Bets

In other FMC news, VP Jacqueline Scanlan sold 4,529 shares of the stock in a transaction 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 in the company, valued at $1,709,485.83. This represents a 13.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.85% of the company’s stock.

FMC 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.