Pzena Investment Management LLC Has $37.94 Million Stake in FMC Co. (NYSE:FMC)

Pzena Investment Management LLC lessened its position in FMC Co. (NYSE:FMC) by 0.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 575,294 shares of the basic materials company’s stock after selling 1,443 shares during the quarter. Pzena Investment Management LLC owned approximately 0.46% of FMC worth $37,935,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. First Horizon Advisors Inc. boosted its holdings in FMC by 90.8% during the third quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 246 shares during the last quarter. Mather Group LLC. grew its holdings in shares of 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 acquiring an additional 396 shares in the last quarter. LRI Investments LLC acquired a new stake in shares of FMC in the first quarter valued at about $41,000. UMB Bank n.a. boosted its position in FMC by 56.9% during the second 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 during the last quarter. Finally, Peterson Financial Group Inc. bought a new position in FMC in the third quarter valued at approximately $51,000. Institutional investors own 91.86% of the company’s stock.

Analyst Ratings Changes

FMC has been the topic of a number of research analyst reports. Mizuho upped 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. BMO Capital Markets raised their price target on FMC from $60.00 to $65.00 and gave the stock a “market perform” rating in a research report on Friday, August 2nd. Barclays upped their price objective on FMC from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. raised their target price on shares of FMC from $50.00 to $59.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Finally, Royal Bank of Canada raised their price objective on shares of FMC from $78.00 to $81.00 and gave the company an “outperform” rating in a report on Friday, November 1st. One investment 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.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $68.00.

Insider Transactions at FMC

In related 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 transaction of $270,245.43. Following the sale, the vice president now owns 28,649 shares of the company’s stock, valued at approximately $1,709,485.83. This represents a 13.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.85% of the stock is currently owned by company insiders.

FMC Stock Up 1.4 %

Shares of NYSE FMC traded up $0.80 during midday trading on Wednesday, hitting $56.41. 181,334 shares of the stock traded hands, compared to its average volume of 1,670,639. FMC Co. has a one year low of $50.03 and a one year high of $68.72. The business has a 50 day moving average price of $61.99 and a two-hundred day moving average price of $60.92. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.09 and a current ratio of 1.48. The company has a market cap of $7.04 billion, a PE ratio of 4.78, a P/E/G ratio of 1.43 and a beta of 0.85.

FMC (NYSE:FMC) last posted its earnings results on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.20. The company had revenue of $1.07 billion for 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 firm’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.44 EPS. On average, equities analysts predict 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.