FMC Co. (NYSE:FMC) Shares Sold by Centennial Wealth Advisory LLC

Centennial Wealth Advisory LLC lowered its position in shares of FMC Co. (NYSE:FMC) by 8.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,648 shares of the basic materials company’s stock after selling 652 shares during the period. Centennial Wealth Advisory LLC’s holdings in FMC were worth $438,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Greenwood Capital Associates LLC grew its holdings in shares of FMC by 5.6% during the third quarter. Greenwood Capital Associates LLC now owns 13,271 shares of the basic materials company’s stock worth $875,000 after buying an additional 701 shares during the last quarter. Impax Asset Management Group plc purchased a new stake in FMC in the 3rd quarter valued at approximately $681,000. Asset Management One Co. Ltd. boosted its holdings in FMC by 13.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 2,809 shares of the basic materials company’s stock valued at $185,000 after purchasing an additional 330 shares in the last quarter. Old North State Wealth Management LLC purchased a new stake in FMC in the 3rd quarter valued at approximately $2,989,000. Finally, Pallas Capital Advisors LLC boosted its stake in shares of FMC by 26.7% during the 3rd quarter. Pallas Capital Advisors LLC now owns 10,102 shares of the basic materials company’s stock worth $621,000 after acquiring an additional 2,129 shares in the last quarter. Institutional investors and hedge funds own 91.86% of the company’s stock.

FMC Stock Down 2.4 %

NYSE:FMC traded down $1.52 on Wednesday, reaching $62.10. The stock had a trading volume of 114,543 shares, compared to its average volume of 1,682,997. 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 company has a 50-day moving average of $63.15 and a 200 day moving average of $61.04. The stock has a market cap of $7.75 billion, a P/E ratio of 5.48, a price-to-earnings-growth ratio of 1.66 and a beta of 0.85. FMC Co. has a 12-month low of $49.49 and a 12-month high of $68.72.

FMC (NYSE:FMC) last posted its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.20. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.04 billion. FMC had a net margin of 34.93% and a return on equity of 7.68%. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.44 EPS. On average, research analysts predict that FMC Co. will post 3.35 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. KeyCorp decreased their price target on FMC from $81.00 to $79.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. BMO Capital Markets lifted their price objective on FMC from $60.00 to $65.00 and gave the stock a “market perform” rating in a research report on Friday, August 2nd. Wells Fargo & Company cut their price objective on FMC from $68.00 to $62.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 16th. Mizuho boosted their price target on FMC from $64.00 to $70.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Finally, Royal Bank of Canada boosted their price target on FMC from $78.00 to $81.00 and gave the company an “outperform” rating in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average 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.