FMC Co. (NYSE:FMC) Stock Position Trimmed by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund cut its position in FMC Co. (NYSE:FMC) by 8.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,696 shares of the basic materials company’s stock after selling 330 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in FMC were worth $244,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of FMC. US Bancorp DE increased its stake in FMC by 8.7% during the 1st quarter. US Bancorp DE now owns 13,410 shares of the basic materials company’s stock valued at $854,000 after buying an additional 1,072 shares during the period. Kingsview Wealth Management LLC acquired a new position in FMC during the 1st quarter valued at about $206,000. Vanguard Group Inc. increased its stake in FMC by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 15,290,219 shares of the basic materials company’s stock valued at $973,987,000 after buying an additional 768,432 shares during the period. UniSuper Management Pty Ltd increased its stake in FMC by 659.9% during the 1st quarter. UniSuper Management Pty Ltd now owns 15,866 shares of the basic materials company’s stock valued at $1,011,000 after buying an additional 13,778 shares during the period. Finally, Pitcairn Co. increased its stake in FMC by 7.3% during the 1st quarter. Pitcairn Co. now owns 4,867 shares of the basic materials company’s stock valued at $310,000 after buying an additional 330 shares during the period. 91.86% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other FMC news, VP Jacqueline Scanlan sold 4,529 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $59.67, for a total transaction of $270,245.43. Following the transaction, the vice president now owns 28,649 shares in the company, valued at approximately $1,709,485.83. This trade represents a 13.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on FMC shares. Barclays raised their target price on shares of FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. BMO Capital Markets lifted their price objective on shares of FMC from $60.00 to $65.00 and gave the stock a “market perform” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. lifted their price objective on shares of FMC from $50.00 to $59.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Citigroup began coverage on shares of FMC in a research note on Wednesday, October 23rd. They issued a “neutral” rating and a $67.00 price objective on the stock. Finally, KeyCorp lowered their price objective 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. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, FMC currently has a consensus rating of “Hold” and a consensus target price of $68.00.

FMC Price Performance

Shares of FMC stock opened at $55.60 on Wednesday. The stock has a 50 day moving average of $61.99 and a two-hundred day moving average of $60.92. 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 Co. has a 12 month low of $50.03 and a 12 month high of $68.72. The company has a market capitalization of $6.94 billion, a P/E ratio of 4.78, a P/E/G ratio of 1.43 and a beta of 0.85.

FMC (NYSE:FMC) last issued its 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. The business had revenue of $1.07 billion during 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%. FMC’s revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.44 earnings per share. As a group, equities analysts expect that FMC Co. will post 3.35 EPS for the current year.

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.