Zurcher Kantonalbank Zurich Cantonalbank Raises Position in FMC Co. (NYSE:FMC)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of FMC Co. (NYSE:FMC) by 8.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,499 shares of the basic materials company’s stock after purchasing an additional 2,813 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in FMC were worth $2,407,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. First Horizon Advisors Inc. lifted its holdings in shares of 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 during the last quarter. Mather Group LLC. raised its stake in FMC by 250.6% in the 3rd quarter. Mather Group LLC. now owns 554 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 396 shares during the last quarter. UMB Bank n.a. raised its stake in FMC by 56.9% in the 2nd 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 during the last quarter. Peterson Financial Group Inc. purchased a new position in FMC in the 3rd quarter worth $51,000. Finally, Brooklyn Investment Group purchased a new position in FMC in the 3rd quarter worth $52,000. Hedge funds and other institutional investors own 91.86% of the company’s stock.

Insider Activity

In related news, VP Jacqueline Scanlan sold 4,529 shares of FMC stock in a transaction that occurred on Monday, November 11th. The shares were 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.81% of the company’s stock.

FMC Trading Up 0.3 %

FMC stock opened at $59.53 on Wednesday. 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 business’s 50-day moving average is $61.30 and its 200 day moving average is $60.52. FMC Co. has a 12-month low of $50.03 and a 12-month high of $68.72. The stock has a market cap of $7.43 billion, a price-to-earnings ratio of 5.12, a PEG ratio of 1.56 and a beta of 0.80.

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 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 business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the company posted $0.44 EPS. The business’s revenue was up 8.5% on a year-over-year basis. On average, sell-side analysts anticipate that FMC Co. will post 3.35 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on FMC shares. JPMorgan Chase & Co. raised 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. Citigroup began coverage on FMC in a research note on Wednesday, October 23rd. They issued a “neutral” rating and a $67.00 target price for the company. Royal Bank of Canada increased 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, Mizuho increased their price target on FMC from $64.00 to $70.00 and gave the stock a “neutral” 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 given a strong buy rating to the company. According to data from MarketBeat, FMC presently has a consensus rating of “Hold” and a consensus target price of $68.00.

FMC 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.