104,694 Shares in FMC Co. (NYSE:FMC) Acquired by ING Groep NV

ING Groep NV purchased a new stake in FMC Co. (NYSE:FMC) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 104,694 shares of the basic materials company’s stock, valued at approximately $6,904,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Mather Group LLC. grew its holdings in shares of FMC by 250.6% in the 3rd quarter. Mather Group LLC. now owns 554 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 396 shares during the last quarter. LRI Investments LLC acquired a new stake in FMC during the 1st quarter worth about $39,000. UMB Bank n.a. lifted its stake in FMC by 56.9% during the second quarter. UMB Bank n.a. now owns 678 shares of the basic materials company’s stock valued at $39,000 after buying an additional 246 shares in the last quarter. EntryPoint Capital LLC boosted its holdings in shares of FMC by 1,282.3% in the first quarter. EntryPoint Capital LLC now owns 857 shares of the basic materials company’s stock worth $55,000 after buying an additional 795 shares during the period. Finally, Summit Securities Group LLC purchased a new position in shares of FMC in the second quarter worth approximately $58,000. Institutional investors and hedge funds own 91.86% of the company’s stock.

FMC Price Performance

NYSE:FMC opened at $54.39 on Friday. The company has a fifty day moving average price of $62.22 and a 200 day moving average price of $60.96. FMC Co. has a one year low of $50.03 and a one year high of $68.72. 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 stock has a market cap of $6.79 billion, a P/E ratio of 4.68, a PEG ratio of 1.47 and a beta of 0.85.

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

Insider Activity

In other FMC news, VP Jacqueline Scanlan sold 4,529 shares of FMC stock in a transaction 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 sale, the vice president now owns 28,649 shares in the company, valued at $1,709,485.83. The trade was a 13.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.85% of the stock is currently owned by company insiders.

Analyst Ratings Changes

FMC has been the subject of several research analyst reports. Mizuho upped 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. Barclays upped their price target on FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a research report on Monday, August 5th. Royal Bank of Canada lifted their target price on FMC from $78.00 to $81.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Citigroup initiated coverage on shares of FMC in a report on Wednesday, October 23rd. They set a “neutral” rating and a $67.00 price target for the company. Finally, Redburn Atlantic upgraded shares of FMC from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $68.00.

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.