Atria Investments Inc Sells 3,468 Shares of FMC Co. (NYSE:FMC)

Atria Investments Inc reduced its holdings in shares of FMC Co. (NYSE:FMC) by 50.8% during the third quarter, HoldingsChannel.com reports. The fund owned 3,357 shares of the basic materials company’s stock after selling 3,468 shares during the quarter. Atria Investments Inc’s holdings in FMC were worth $221,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Mather Group LLC. boosted its holdings in shares of FMC by 250.6% in the 3rd quarter. Mather Group LLC. now owns 554 shares of the basic materials company’s stock worth $37,000 after buying an additional 396 shares during the last quarter. LRI Investments LLC bought a new stake in FMC in the first quarter worth about $41,000. UMB Bank n.a. boosted its stake in FMC by 56.9% in the second quarter. UMB Bank n.a. now owns 678 shares of the basic materials company’s stock valued at $39,000 after acquiring an additional 246 shares during the last quarter. EntryPoint Capital LLC grew its position in shares of FMC by 1,282.3% during the 1st quarter. EntryPoint Capital LLC now owns 857 shares of the basic materials company’s stock valued at $55,000 after acquiring an additional 795 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of FMC by 120.9% during the 3rd quarter. GAMMA Investing LLC now owns 919 shares of the basic materials company’s stock worth $61,000 after purchasing an additional 503 shares during the last quarter. Institutional investors own 91.86% of the company’s stock.

FMC Trading Up 0.7 %

FMC stock opened at $58.74 on Friday. The firm’s fifty day moving average price is $61.74 and its 200-day moving average price is $60.82. FMC Co. has a fifty-two week low of $50.03 and a fifty-two week high of $68.72. The stock has a market cap of $7.33 billion, a P/E ratio of 5.06, a PEG ratio of 1.54 and a beta of 0.85. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.09 and a current ratio of 1.48.

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, topping the consensus estimate of $0.49 by $0.20. The company had revenue of $1.07 billion for 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%. FMC’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.44 earnings per share. Equities research analysts forecast that FMC Co. will post 3.35 earnings per share for the current fiscal year.

Insider Transactions at FMC

In other news, VP Jacqueline Scanlan sold 4,529 shares of FMC stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $59.67, for a total value of $270,245.43. Following the transaction, the vice president now owns 28,649 shares in the company, valued at approximately $1,709,485.83. The trade was a 13.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on FMC. Barclays upped their price objective on FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. Mizuho increased their price target on FMC from $64.00 to $70.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. 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 note on Friday, August 2nd. Royal Bank of Canada upped their price objective on shares of FMC from $78.00 to $81.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. lifted their target price on shares of FMC from $50.00 to $59.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. One investment 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. According to MarketBeat, FMC has a consensus rating of “Hold” and an average 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.