FMC Co. (NYSE:FMC) Shares Bought by First National Bank of Omaha

First National Bank of Omaha raised its stake in FMC Co. (NYSE:FMC) by 85.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,935 shares of the basic materials company’s stock after buying an additional 15,662 shares during the quarter. First National Bank of Omaha’s holdings in FMC were worth $2,238,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp grew its holdings in shares of FMC by 27.3% in the third quarter. State Street Corp now owns 6,271,760 shares of the basic materials company’s stock valued at $417,151,000 after purchasing an additional 1,343,615 shares during the period. AQR Capital Management LLC grew its stake in shares of FMC by 317.7% in the 2nd quarter. AQR Capital Management LLC now owns 1,099,389 shares of the basic materials company’s stock valued at $63,160,000 after buying an additional 836,179 shares during the period. Pzena Investment Management LLC acquired a new stake in shares of FMC during the 2nd quarter worth approximately $33,191,000. Ilex Capital Partners UK LLP raised its position in shares of FMC by 2,129.4% during the 3rd quarter. Ilex Capital Partners UK LLP now owns 440,353 shares of the basic materials company’s stock valued at $29,037,000 after buying an additional 420,601 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in FMC by 116.8% in the second quarter. Van ECK Associates Corp now owns 555,095 shares of the basic materials company’s stock valued at $31,946,000 after acquiring an additional 299,097 shares during the last quarter. 91.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on FMC shares. Mizuho raised their target price on FMC from $64.00 to $70.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. raised their price objective on FMC from $50.00 to $59.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Royal Bank of Canada upped their target price 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. Finally, Citigroup initiated coverage on shares of FMC in a research report on Wednesday, October 23rd. They set 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 given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, FMC currently has an average rating of “Hold” and an average target price of $68.00.

Insider Buying and Selling at FMC

In other news, VP Jacqueline Scanlan sold 4,529 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $59.67, for a total value of $270,245.43. Following the transaction, the vice president now owns 28,649 shares in the company, valued at approximately $1,709,485.83. This represents a 13.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.85% of the stock is owned by insiders.

FMC Price Performance

Shares of NYSE FMC opened at $56.58 on Monday. The stock’s 50-day moving average is $60.73 and its two-hundred day moving average is $60.36. 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 company has a market cap of $7.06 billion, a price-to-earnings ratio of 4.87, a price-to-earnings-growth ratio of 1.55 and a beta of 0.80. FMC Co. has a 1-year low of $50.03 and a 1-year high of $68.72.

FMC (NYSE:FMC) last issued its quarterly 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. FMC had a net margin of 34.93% and a return on equity of 7.68%. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the firm earned $0.44 earnings per share. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. Analysts forecast that FMC Co. will post 3.35 EPS for the current fiscal year.

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.