85,270 Shares in FMC Co. (NYSE:FMC) Acquired by Point72 Asset Management L.P.

Point72 Asset Management L.P. acquired a new stake in FMC Co. (NYSE:FMC) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 85,270 shares of the basic materials company’s stock, valued at approximately $5,623,000.

Several other large investors also recently bought and sold shares of FMC. Commerce Bank lifted its holdings in FMC by 3.7% in the 3rd quarter. Commerce Bank now owns 5,135 shares of the basic materials company’s stock worth $339,000 after buying an additional 183 shares in the last quarter. Dark Forest Capital Management LP increased its position in shares of FMC by 3.1% during the second quarter. Dark Forest Capital Management LP now owns 6,465 shares of the basic materials company’s stock worth $372,000 after acquiring an additional 192 shares during the last quarter. HB Wealth Management LLC lifted its stake in shares of FMC by 3.8% in the second quarter. HB Wealth Management LLC now owns 5,649 shares of the basic materials company’s stock worth $325,000 after acquiring an additional 208 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of FMC by 56.9% in 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 in the last quarter. Finally, First Horizon Advisors Inc. grew its stake in FMC by 90.8% during the 3rd quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 246 shares in the last quarter. Institutional investors and hedge funds own 91.86% of the company’s stock.

Insider Buying and Selling

In related news, VP Jacqueline Scanlan sold 4,529 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was 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 of the company’s stock, valued at $1,709,485.83. The trade was a 13.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.85% of the company’s stock.

Wall Street Analyst Weigh In

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

FMC Price Performance

Shares of NYSE:FMC opened at $56.58 on Monday. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.65. The firm’s 50 day moving average is $60.73 and its two-hundred day moving average is $60.36. The firm has a market capitalization of $7.06 billion, a P/E ratio of 4.87, a PEG ratio of 1.55 and a beta of 0.80. FMC Co. has a 52 week low of $50.03 and a 52 week high of $68.72.

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