Private Advisor Group LLC Has $437,000 Holdings in FMC Co. (NYSE:FMC)

Private Advisor Group LLC cut its holdings in shares of FMC Co. (NYSE:FMC) by 7.6% in the third quarter, Holdings Channel reports. The institutional investor owned 6,632 shares of the basic materials company’s stock after selling 549 shares during the quarter. Private Advisor Group LLC’s holdings in FMC were worth $437,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of FMC by 5.3% during the first quarter. Vanguard Group Inc. now owns 15,290,219 shares of the basic materials company’s stock worth $973,987,000 after buying an additional 768,432 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of FMC by 35.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,061,828 shares of the basic materials company’s stock worth $322,439,000 after buying an additional 1,316,133 shares during the last quarter. AQR Capital Management LLC increased its position in shares of FMC by 317.7% during the second quarter. AQR Capital Management LLC now owns 1,099,389 shares of the basic materials company’s stock valued at $63,160,000 after purchasing an additional 836,179 shares during the period. Russell Investments Group Ltd. increased its position in shares of FMC by 11.6% during the first quarter. Russell Investments Group Ltd. now owns 903,274 shares of the basic materials company’s stock valued at $57,538,000 after purchasing an additional 93,892 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of FMC by 2.1% during the second quarter. Bank of New York Mellon Corp now owns 858,129 shares of the basic materials company’s stock valued at $49,385,000 after purchasing an additional 17,381 shares during the period. 91.86% of the stock is currently owned by institutional investors and hedge funds.

FMC Price Performance

FMC stock opened at $63.45 on Tuesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.07 and a current ratio of 1.48. The firm has a market cap of $7.92 billion, a P/E ratio of 5.46, a P/E/G ratio of 1.66 and a beta of 0.85. The business’s fifty day moving average is $63.21 and its two-hundred day moving average is $60.96. FMC Co. has a 52 week low of $49.49 and a 52 week high of $68.72.

FMC (NYSE:FMC) last posted its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.20. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.04 billion. FMC had a return on equity of 7.68% and a net margin of 34.93%. The business’s revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.44 earnings per share. Equities research analysts forecast that FMC Co. will post 3.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FMC has been the topic of a number of research reports. BMO Capital Markets boosted their price objective on FMC from $60.00 to $65.00 and gave the company a “market perform” rating in a research report on Friday, August 2nd. KeyCorp lowered their price objective on FMC from $81.00 to $79.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Mizuho boosted their price objective on FMC from $64.00 to $70.00 and gave the company a “neutral” rating in a research report on Friday. Wells Fargo & Company lowered their price objective on FMC from $68.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 16th. Finally, Barclays boosted their price objective on FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a research report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price 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.