UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 488,827 Shares of FMC Co. (NYSE:FMC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in FMC Co. (NYSE:FMC) by 30.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,130,070 shares of the basic materials company’s stock after selling 488,827 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.91% of FMC worth $74,517,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. First Horizon Advisors Inc. boosted its position in shares of FMC by 90.8% in the third quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 246 shares during the period. Mather Group LLC. boosted its holdings in FMC by 250.6% in the 3rd quarter. Mather Group LLC. now owns 554 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 396 shares during the period. UMB Bank n.a. grew its position in shares of FMC by 56.9% during the 2nd quarter. UMB Bank n.a. now owns 678 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 246 shares in the last quarter. Peterson Financial Group Inc. bought a new position in shares of FMC in the third quarter worth $51,000. Finally, Brooklyn Investment Group purchased a new stake in shares of FMC in the third quarter worth $52,000. Hedge funds and other institutional investors own 91.86% of the company’s stock.

Insiders Place Their Bets

In other news, VP Jacqueline Scanlan sold 4,529 shares of the business’s 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 approximately $1,709,485.83. The trade was a 13.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.85% of the company’s stock.

Analyst Upgrades and Downgrades

FMC has been the subject of several recent analyst reports. Citigroup started coverage on FMC in a research report on Wednesday, October 23rd. They set a “neutral” rating and a $67.00 target price for the company. Royal Bank of Canada raised their price objective on FMC from $78.00 to $81.00 and gave the company an “outperform” rating in a report on Friday, November 1st. JPMorgan Chase & Co. upped their target price on FMC from $50.00 to $59.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Barclays boosted their price objective on shares of FMC from $62.00 to $65.00 and gave the stock an “equal weight” rating in a report on Monday, August 5th. Finally, Mizuho increased their target price on shares of FMC from $64.00 to $70.00 and gave the company a “neutral” rating in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, FMC currently has a consensus rating of “Hold” and a consensus target price of $68.00.

FMC Stock Up 0.5 %

Shares of NYSE:FMC opened at $59.37 on Tuesday. FMC Co. has a 1 year low of $50.03 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 stock’s 50-day moving average is $61.38 and its 200 day moving average is $60.56. The company has a market cap of $7.41 billion, a PE ratio of 5.11, a P/E/G ratio of 1.56 and a beta of 0.85.

FMC (NYSE:FMC) last issued its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $0.69 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 business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the business earned $0.44 EPS. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. Sell-side analysts anticipate that FMC Co. will post 3.35 EPS for the current year.

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.