FMC Co. (NYSE:FMC) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its holdings in FMC Co. (NYSE:FMC) by 39.4% in the third quarter, Holdings Channel reports. The fund owned 24,534 shares of the basic materials company’s stock after selling 15,928 shares during the period. Amalgamated Bank’s holdings in FMC were worth $1,618,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Greenwood Capital Associates LLC raised its holdings in FMC by 5.6% in the 3rd quarter. Greenwood Capital Associates LLC now owns 13,271 shares of the basic materials company’s stock valued at $875,000 after acquiring an additional 701 shares during the last quarter. Impax Asset Management Group plc acquired a new stake in shares of FMC during the 3rd quarter worth approximately $681,000. Asset Management One Co. Ltd. increased its holdings in shares of FMC by 13.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 2,809 shares of the basic materials company’s stock worth $185,000 after buying an additional 330 shares during the last quarter. Old North State Wealth Management LLC acquired a new stake in shares of FMC during the 3rd quarter worth approximately $2,989,000. Finally, Pallas Capital Advisors LLC increased its holdings 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 buying an additional 2,129 shares during the last quarter. Institutional investors and hedge funds own 91.86% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on FMC shares. BMO Capital Markets raised their price target 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. Wells Fargo & Company cut their price target on shares of FMC from $68.00 to $62.00 and set an “equal weight” rating for the company in a report on Tuesday, July 16th. JPMorgan Chase & Co. raised their price target on shares of FMC from $50.00 to $59.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. KeyCorp cut their price target on shares of FMC from $81.00 to $79.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Finally, Redburn Atlantic upgraded shares of FMC from a “hold” rating to a “strong-buy” rating in a report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $68.00.

FMC Stock Performance

Shares of FMC stock opened at $55.94 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.65. FMC Co. has a 52 week low of $50.03 and a 52 week high of $68.72. The stock has a market capitalization of $6.98 billion, a PE ratio of 4.81, a P/E/G ratio of 1.57 and a beta of 0.85. The firm has a 50 day moving average of $62.63 and a two-hundred day moving average of $61.08.

FMC (NYSE:FMC) last released its quarterly earnings data 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. The business 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 company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.44 EPS. On average, research analysts predict that FMC Co. will post 3.35 EPS for the current fiscal year.

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.