GSA Capital Partners LLP Decreases Stock Holdings in FMC Co. (NYSE:FMC)

GSA Capital Partners LLP reduced its stake in shares of FMC Co. (NYSE:FMC) by 54.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,837 shares of the basic materials company’s stock after selling 11,668 shares during the quarter. GSA Capital Partners LLP’s holdings in FMC were worth $649,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Mather Group LLC. increased its position in FMC by 250.6% during the 3rd 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 during the period. LRI Investments LLC purchased a new position in FMC during the 1st quarter valued at $39,000. UMB Bank n.a. increased its position in FMC by 56.9% during 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 period. EntryPoint Capital LLC increased its position in FMC by 1,282.3% during the 1st quarter. EntryPoint Capital LLC now owns 857 shares of the basic materials company’s stock valued at $55,000 after purchasing an additional 795 shares during the period. Finally, Summit Securities Group LLC purchased a new position in FMC during the 2nd quarter valued at $58,000. 91.86% of the stock is owned by hedge funds and other institutional investors.

FMC Trading Up 1.5 %

FMC stock opened at $55.23 on Tuesday. The firm has a 50 day moving average of $62.10 and a 200 day moving average of $60.96. The firm has a market capitalization of $6.89 billion, a price-to-earnings ratio of 4.75, a P/E/G ratio of 1.43 and a beta of 0.85. 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.

FMC (NYSE:FMC) last released its earnings results on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.20. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.04 billion. FMC had a net margin of 34.93% and a return on equity of 7.68%. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.44 EPS. As a group, research analysts predict that FMC Co. will post 3.35 earnings per share for the current year.

Insider Buying and Selling

In other FMC news, VP Jacqueline Scanlan sold 4,529 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $59.67, for a total transaction 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 $1,709,485.83. This trade represents a 13.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.85% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on FMC. Mizuho boosted their target price on shares of FMC from $64.00 to $70.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Barclays boosted 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. Citigroup started coverage on shares of FMC in a research note on Wednesday, October 23rd. They issued a “neutral” rating and a $67.00 price target on the stock. KeyCorp dropped their price target on shares of FMC from $81.00 to $79.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Finally, BMO Capital Markets upped their target price on shares of FMC from $60.00 to $65.00 and gave the company a “market perform” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $68.00.

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.