SG Americas Securities LLC lifted its holdings in shares of FMC Corporation (NYSE:FMC – Free Report) by 67.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 25,038 shares of the basic materials company’s stock after acquiring an additional 10,056 shares during the period. SG Americas Securities LLC’s holdings in FMC were worth $1,045,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its position in FMC by 286.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,494,377 shares of the basic materials company’s stock valued at $189,618,000 after acquiring an additional 3,329,974 shares during the period. AQR Capital Management LLC grew its stake in shares of FMC by 1,199.9% in the first quarter. AQR Capital Management LLC now owns 3,621,496 shares of the basic materials company’s stock worth $151,071,000 after purchasing an additional 3,342,888 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of FMC by 20.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,743,271 shares of the basic materials company’s stock valued at $115,736,000 after purchasing an additional 457,094 shares during the period. Brandywine Global Investment Management LLC increased its holdings in shares of FMC by 22.7% during the first quarter. Brandywine Global Investment Management LLC now owns 2,284,267 shares of the basic materials company’s stock valued at $96,373,000 after purchasing an additional 423,210 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in shares of FMC by 9.8% during the first quarter. Ameriprise Financial Inc. now owns 1,641,657 shares of the basic materials company’s stock valued at $69,274,000 after purchasing an additional 146,048 shares in the last quarter. 91.86% of the stock is owned by institutional investors.
FMC Price Performance
Shares of NYSE FMC opened at $12.78 on Friday. FMC Corporation has a twelve month low of $12.17 and a twelve month high of $61.26. The company has a current ratio of 1.53, a quick ratio of 1.14 and a debt-to-equity ratio of 0.74. The firm has a 50-day moving average of $25.83 and a two-hundred day moving average of $35.18. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 15.98, a PEG ratio of 1.09 and a beta of 0.72.
Insider Buying and Selling at FMC
In related news, VP Jacqueline Scanlan sold 3,790 shares of FMC stock in a transaction on Monday, September 29th. The stock was sold at an average price of $34.00, for a total value of $128,860.00. Following the transaction, the vice president directly owned 33,044 shares in the company, valued at $1,123,496. The trade was a 10.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John Mitchell Raines bought 7,000 shares of the business’s stock in a transaction dated Thursday, November 13th. The shares were bought at an average cost of $13.77 per share, for a total transaction of $96,390.00. Following the completion of the transaction, the director directly owned 13,784 shares of the company’s stock, valued at $189,805.68. This trade represents a 103.18% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.67% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
FMC has been the subject of several research analyst reports. Morgan Stanley reduced their price objective on shares of FMC from $38.00 to $17.00 and set an “equal weight” rating for the company in a report on Monday, November 3rd. The Goldman Sachs Group dropped their price target on shares of FMC from $43.00 to $19.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Mizuho reduced their price target on shares of FMC from $49.00 to $39.00 and set an “outperform” rating for the company in a research note on Thursday, October 9th. Citigroup decreased their price objective on shares of FMC from $34.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Finally, KeyCorp reissued a “sector weight” rating on shares of FMC in a report on Friday, October 31st. Three analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $28.08.
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.
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