Claro Advisors LLC Makes New Investment in FMC Co. (NYSE:FMC)

Claro Advisors LLC bought a new position in shares of FMC Co. (NYSE:FMC) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,549 shares of the basic materials company’s stock, valued at approximately $234,000.

Several other institutional investors have also recently bought and sold shares of the company. Peterson Financial Group Inc. acquired a new stake in FMC during the third quarter worth $51,000. Mutual of America Capital Management LLC lifted its stake in FMC by 16.0% during the third quarter. Mutual of America Capital Management LLC now owns 72,599 shares of the basic materials company’s stock worth $4,787,000 after purchasing an additional 10,014 shares during the period. Natixis Advisors LLC raised its holdings in shares of FMC by 21.3% in the 3rd quarter. Natixis Advisors LLC now owns 79,217 shares of the basic materials company’s stock worth $5,224,000 after buying an additional 13,898 shares in the last quarter. Mizuho Securities USA LLC lifted its position in shares of FMC by 2,531.3% during the 3rd quarter. Mizuho Securities USA LLC now owns 253,179 shares of the basic materials company’s stock worth $16,695,000 after buying an additional 243,557 shares during the period. Finally, CIBC Asset Management Inc boosted its stake in FMC by 8.1% in the 3rd quarter. CIBC Asset Management Inc now owns 17,433 shares of the basic materials company’s stock valued at $1,150,000 after buying an additional 1,310 shares in the last quarter. Institutional investors own 91.86% of the company’s stock.

Insider Buying and Selling

In other FMC 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 value 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.85% of the company’s stock.

FMC Stock Performance

Shares of FMC stock opened at $55.60 on Wednesday. FMC Co. has a 52 week low of $50.03 and a 52 week high of $68.72. 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 stock has a market capitalization of $6.94 billion, a price-to-earnings ratio of 4.78, a PEG ratio of 1.43 and a beta of 0.85. The firm has a fifty day moving average of $61.99 and a two-hundred day moving average of $60.92.

FMC (NYSE:FMC) last announced its quarterly 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. FMC had a net margin of 34.93% and a return on equity of 7.68%. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the firm posted $0.44 earnings per share. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. As a group, equities research analysts predict that FMC Co. will post 3.35 EPS for the current year.

Wall Street Analyst Weigh In

FMC has been the subject of a number of analyst reports. Mizuho lifted their price objective on FMC from $64.00 to $70.00 and gave the company a “neutral” rating in a report on Friday, November 1st. KeyCorp cut their price target on shares of FMC from $81.00 to $79.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. BMO Capital Markets upped their price objective on shares of FMC from $60.00 to $65.00 and gave the stock a “market perform” rating in a research note on Friday, August 2nd. Royal Bank of Canada lifted their target price on shares of FMC from $78.00 to $81.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Barclays increased their price target on FMC from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $68.00.

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.