FMC Co. (NYSE:FMC) Shares Purchased by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board increased its holdings in shares of FMC Co. (NYSE:FMC) by 22.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,668 shares of the basic materials company’s stock after purchasing an additional 3,572 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in FMC were worth $1,297,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. First Horizon Advisors Inc. grew its position in FMC by 90.8% in the 3rd 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 in the last quarter. Advisors Asset Management Inc. grew its position in FMC by 27.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 43,483 shares of the basic materials company’s stock valued at $2,867,000 after acquiring an additional 9,449 shares in the last quarter. Commerce Bank boosted its stake in shares of FMC by 3.7% in the 3rd quarter. Commerce Bank now owns 5,135 shares of the basic materials company’s stock valued at $339,000 after buying an additional 183 shares during the period. Schwallier Wealth Management LLC purchased a new position in shares of FMC in the 3rd quarter valued at about $212,000. Finally, S&CO Inc. boosted its stake in shares of FMC by 3.6% in the 3rd quarter. S&CO Inc. now owns 350,863 shares of the basic materials company’s stock valued at $23,135,000 after buying an additional 12,193 shares during the period. 91.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. BMO Capital Markets lifted their price objective on FMC from $60.00 to $65.00 and gave the company a “market perform” rating in a research note on Friday, August 2nd. KeyCorp decreased their target price on FMC from $81.00 to $79.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. JPMorgan Chase & Co. boosted 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. Royal Bank of Canada lifted their price target on FMC from $78.00 to $81.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Barclays boosted their target price on FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, FMC has a consensus rating of “Hold” and a consensus price target of $68.00.

Insiders Place Their Bets

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 completion of the sale, the vice president now owns 28,649 shares in the company, valued at approximately $1,709,485.83. This trade represents a 13.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.85% of the stock is currently owned by insiders.

FMC Stock Up 2.9 %

Shares of NYSE:FMC opened at $57.20 on Thursday. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.65. FMC Co. has a 52-week low of $50.03 and a 52-week high of $68.72. The stock’s fifty day simple moving average is $61.91 and its 200-day simple moving average is $60.89. The company has a market capitalization of $7.14 billion, a P/E ratio of 4.92, a P/E/G ratio of 1.43 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 for the quarter, topping 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 period in the prior year, the business posted $0.44 earnings per share. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. As a group, equities research analysts forecast that FMC Co. will post 3.35 earnings per share for the current fiscal 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.