Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in shares of FMC Corp. (NYSE:FMC) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 64,400 shares of the company’s stock, valued at approximately $3,113,000.
Other hedge funds have also bought and sold shares of the company. Strs Ohio boosted its stake in FMC Corp. by 28,691.2% in the second quarter. Strs Ohio now owns 580,142 shares of the company’s stock worth $26,866,000 after buying an additional 578,127 shares during the period. Hanlon Investment Management Inc. acquired a new stake in FMC Corp. during the second quarter worth approximately $4,713,000. Shell Asset Management Co. boosted its stake in FMC Corp. by 2.8% in the second quarter. Shell Asset Management Co. now owns 312,883 shares of the company’s stock worth $14,490,000 after buying an additional 8,568 shares during the period. Global X Management Co. LLC boosted its stake in FMC Corp. by 113.5% in the second quarter. Global X Management Co. LLC now owns 466,874 shares of the company’s stock worth $21,621,000 after buying an additional 248,150 shares during the period. Finally, Legal & General Group Plc boosted its stake in FMC Corp. by 3.0% in the first quarter. Legal & General Group Plc now owns 550,677 shares of the company’s stock worth $22,231,000 after buying an additional 16,053 shares during the period. Institutional investors and hedge funds own 95.20% of the company’s stock.
FMC Corp. (NYSE:FMC) opened at 55.11 on Friday. FMC Corp. has a 1-year low of $32.24 and a 1-year high of $55.63. The firm’s market cap is $7.38 billion. The firm’s 50-day moving average price is $50.14 and its 200-day moving average price is $48.19.
FMC Corp. (NYSE:FMC) last posted its quarterly earnings results on Wednesday, November 2nd. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.59 by $0.08. The business earned $808 million during the quarter, compared to analysts’ expectations of $674.10 million. FMC Corp. had a positive return on equity of 18.06% and a negative net margin of 0.33%. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period last year, the firm earned $0.42 EPS. On average, equities research analysts anticipate that FMC Corp. will post $2.82 earnings per share for the current year.
A number of analysts have recently commented on FMC shares. BMO Capital Markets restated a “hold” rating on shares of FMC Corp. in a research report on Friday, November 4th. Susquehanna boosted their price target on FMC Corp. from $46.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, August 26th. Jefferies Group reiterated a “buy” rating and set a $58.00 price target on shares of FMC Corp. in a research report on Thursday, September 29th. Credit Suisse Group AG upgraded FMC Corp. from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $48.00 to $57.00 in a research report on Friday, November 4th. Finally, Nomura reiterated a “hold” rating on shares of FMC Corp. in a research report on Thursday, November 3rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. FMC Corp. presently has an average rating of “Hold” and an average target price of $45.67.
FMC Corp. Company Profile
FMC Corporation is a diversified chemical company serving agricultural, consumer and industrial markets. The Company operates through three business segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. The Company’s FMC Agricultural Solutions segment develops, markets and sells over three classes of crop protection chemicals, including insecticides, herbicides and fungicides.