International Private Wealth Advisors LLC Trims Stock Holdings in FMC Co. (NYSE:FMC)

International Private Wealth Advisors LLC cut its holdings in shares of FMC Co. (NYSE:FMC) by 5.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 5,399 shares of the basic materials company’s stock after selling 289 shares during the quarter. International Private Wealth Advisors LLC’s holdings in FMC were worth $356,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in FMC. Mather Group LLC. grew its position in shares of FMC by 250.6% during the third quarter. Mather Group LLC. now owns 554 shares of the basic materials company’s stock worth $37,000 after buying an additional 396 shares in the last quarter. LRI Investments LLC acquired a new position in FMC during the 1st quarter worth $39,000. UMB Bank n.a. increased its position in shares of 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 purchasing an additional 246 shares during the last quarter. Sentry Investment Management LLC bought a new stake in shares of FMC in the 1st quarter worth about $45,000. Finally, EntryPoint Capital LLC raised its stake in shares of FMC by 1,282.3% in the 1st quarter. EntryPoint Capital LLC now owns 857 shares of the basic materials company’s stock valued at $55,000 after purchasing an additional 795 shares in the last quarter. 91.86% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP Jacqueline Scanlan sold 4,529 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $59.67, for a total transaction of $270,245.43. Following the transaction, the vice president now directly owns 28,649 shares of the company’s stock, valued at approximately $1,709,485.83. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.85% of the stock is currently owned by insiders.

FMC Stock Performance

NYSE:FMC traded down $0.07 during mid-day trading on Thursday, hitting $55.66. The stock had a trading volume of 146,609 shares, compared to its average volume of 1,677,082. FMC Co. has a 52 week low of $50.03 and a 52 week 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 stock has a market capitalization of $6.95 billion, a price-to-earnings ratio of 4.80, a P/E/G ratio of 1.47 and a beta of 0.85. The company has a 50 day simple moving average of $62.48 and a 200-day simple moving average of $61.04.

FMC (NYSE:FMC) last released its quarterly earnings results 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. 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 company posted $0.44 earnings per share. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. On average, research analysts expect that FMC Co. will post 3.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on FMC. Barclays boosted their price objective on FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. 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. JPMorgan Chase & Co. raised their price objective on FMC from $50.00 to $59.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Mizuho lifted their price objective on shares of FMC from $64.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Finally, BMO Capital Markets increased their target price on shares of FMC from $60.00 to $65.00 and gave the stock a “market perform” rating in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average 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.