FMC Co. (NYSE:FMC) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA lessened its holdings in shares of FMC Co. (NYSE:FMC) by 20.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 187,423 shares of the basic materials company’s stock after selling 48,624 shares during the quarter. Leeward Investments LLC MA’s holdings in FMC were worth $12,359,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Mather Group LLC. raised its stake in shares of 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 buying an additional 396 shares during the last quarter. LRI Investments LLC purchased a new stake in shares of FMC in the first quarter worth about $39,000. UMB Bank n.a. grew its holdings in FMC by 56.9% during the second quarter. UMB Bank n.a. now owns 678 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 246 shares during the period. Sentry Investment Management LLC purchased a new position in FMC during the first quarter valued at approximately $45,000. Finally, EntryPoint Capital LLC lifted its holdings in FMC by 1,282.3% in the first quarter. EntryPoint Capital LLC now owns 857 shares of the basic materials company’s stock valued at $55,000 after acquiring an additional 795 shares during the period. 91.86% of the stock is owned by hedge funds and other institutional investors.

FMC Stock Performance

Shares of NYSE:FMC opened at $60.93 on Thursday. The business’s 50 day moving average price is $63.06 and its 200-day moving average price is $61.04. FMC Co. has a 1 year low of $49.49 and a 1 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 firm has a market capitalization of $7.61 billion, a PE ratio of 5.24, a P/E/G ratio of 1.67 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 (EPS) for the quarter, topping 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 net margin of 34.93% and a return on equity of 7.68%. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.44 earnings per share. As a group, equities research analysts expect that FMC Co. will post 3.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. raised 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. Royal Bank of Canada raised their price target on shares of FMC from $78.00 to $81.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Redburn Atlantic upgraded shares of FMC from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 19th. Barclays increased their target price on shares of FMC from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Monday, August 5th. Finally, Citigroup initiated coverage on FMC in a report on Wednesday, October 23rd. They issued a “neutral” rating and a $67.00 price target for the company. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target 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.