FMC Co. (NYSE:FMC) VP Jacqueline Scanlan Sells 4,529 Shares

FMC Co. (NYSE:FMC) VP Jacqueline Scanlan sold 4,529 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $59.67, for a total value of $270,245.43. Following the completion of the transaction, the vice president now directly owns 28,649 shares in the company, valued at $1,709,485.83. This trade represents a 13.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

FMC Stock Performance

Shares of NYSE FMC opened at $55.47 on Friday. FMC Co. has a 12 month low of $50.03 and a 12 month high of $68.72. The company has a market cap of $6.92 billion, a P/E ratio of 4.77, a P/E/G ratio of 1.47 and a beta of 0.85. The business’s 50 day moving average is $62.34 and its two-hundred day moving average is $61.00. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.65.

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

Wall Street Analyst Weigh In

FMC has been the subject of a number of analyst reports. KeyCorp decreased their price target on FMC from $81.00 to $79.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Citigroup began 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. Mizuho boosted their price target on FMC from $64.00 to $70.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Redburn Atlantic upgraded FMC from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 19th. Finally, Barclays upped their target price on FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a research report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, FMC has an average rating of “Hold” and a consensus target price of $68.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its position in shares of FMC by 35.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,061,828 shares of the basic materials company’s stock valued at $322,439,000 after acquiring an additional 1,316,133 shares in the last quarter. AQR Capital Management LLC boosted its stake in FMC by 317.7% in the 2nd quarter. AQR Capital Management LLC now owns 1,099,389 shares of the basic materials company’s stock valued at $63,160,000 after buying an additional 836,179 shares in the last quarter. Vanguard Group Inc. grew its position in FMC by 5.3% in the first quarter. Vanguard Group Inc. now owns 15,290,219 shares of the basic materials company’s stock valued at $973,987,000 after acquiring an additional 768,432 shares during the period. Maple Rock Capital Partners Inc. acquired a new stake in shares of FMC during the 1st quarter worth about $37,686,000. Finally, Pzena Investment Management LLC bought a new position in FMC in the 2nd quarter valued at $33,191,000. 91.86% of the stock is owned by institutional investors.

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.