Mizuho Securities USA LLC Grows Position in FMC Co. (NYSE:FMC)

Mizuho Securities USA LLC lifted its position in FMC Co. (NYSE:FMC) by 2,531.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 253,179 shares of the basic materials company’s stock after purchasing an additional 243,557 shares during the period. Mizuho Securities USA LLC owned about 0.20% of FMC worth $16,695,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FMC. Dark Forest Capital Management LP increased its stake in shares of FMC by 3.1% in the 2nd quarter. Dark Forest Capital Management LP now owns 6,465 shares of the basic materials company’s stock valued at $372,000 after purchasing an additional 192 shares in the last quarter. HB Wealth Management LLC lifted its position in shares of FMC by 3.8% during the 2nd quarter. HB Wealth Management LLC now owns 5,649 shares of the basic materials company’s stock valued at $325,000 after buying an additional 208 shares in the last quarter. CreativeOne Wealth LLC grew its stake in FMC by 6.7% in the 1st quarter. CreativeOne Wealth LLC now owns 3,926 shares of the basic materials company’s stock valued at $250,000 after acquiring an additional 246 shares during the period. UMB Bank n.a. increased its holdings 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 in the last quarter. Finally, Benjamin Edwards Inc. raised its position in FMC by 24.3% during the second quarter. Benjamin Edwards Inc. now owns 1,326 shares of the basic materials company’s stock worth $76,000 after acquiring an additional 259 shares during the period. Institutional investors and hedge funds own 91.86% of the company’s stock.

FMC Stock Performance

Shares of FMC opened at $54.39 on Friday. The company’s 50 day simple moving average is $62.22 and its 200-day simple moving average is $60.97. FMC Co. has a 12-month low of $50.03 and a 12-month high of $68.72. 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 firm has a market cap of $6.79 billion, a PE ratio of 4.68, a price-to-earnings-growth ratio of 1.47 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 (EPS) 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 company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the previous year, the firm posted $0.44 EPS. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. As a group, equities analysts predict that FMC Co. will post 3.35 EPS for the current year.

Insider Buying and Selling at FMC

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Royal Bank of Canada boosted their target price on shares of FMC from $78.00 to $81.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Barclays boosted 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. Mizuho upped their target price on shares of FMC from $64.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Citigroup started coverage on FMC in a report on Wednesday, October 23rd. They issued a “neutral” rating and a $67.00 target price for the company. Finally, KeyCorp lowered their price objective on FMC from $81.00 to $79.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. One analyst has rated the stock with a sell rating, ten have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, FMC has a consensus rating of “Hold” and a consensus price target of $68.00.

FMC Company 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.