Victory Capital Management Inc. Sells 180 Shares of FMC Co. (NYSE:FMC)

Victory Capital Management Inc. lessened its stake in shares of FMC Co. (NYSE:FMC) by 0.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 21,314 shares of the basic materials company’s stock after selling 180 shares during the period. Victory Capital Management Inc.’s holdings in FMC were worth $1,405,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. AQR Capital Management LLC lifted its holdings in shares of FMC by 317.7% in the 2nd quarter. AQR Capital Management LLC now owns 1,099,389 shares of the basic materials company’s stock worth $63,160,000 after buying an additional 836,179 shares during the period. Bank of New York Mellon Corp lifted its stake in FMC by 2.1% in the second quarter. Bank of New York Mellon Corp now owns 858,129 shares of the basic materials company’s stock worth $49,385,000 after acquiring an additional 17,381 shares during the period. Dimensional Fund Advisors LP grew its holdings in FMC by 9.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 721,879 shares of the basic materials company’s stock worth $41,543,000 after acquiring an additional 64,055 shares in the last quarter. New South Capital Management Inc. increased its position in FMC by 1.5% during the 3rd quarter. New South Capital Management Inc. now owns 665,979 shares of the basic materials company’s stock valued at $43,915,000 after purchasing an additional 9,834 shares during the period. Finally, Pzena Investment Management LLC bought a new stake in shares of FMC in the 2nd quarter valued at about $33,191,000. Hedge funds and other institutional investors own 91.86% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on FMC shares. Barclays increased their price objective on shares of FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. lifted their price target on FMC from $50.00 to $59.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Citigroup assumed coverage on FMC in a research note on Wednesday, October 23rd. They set a “neutral” rating and a $67.00 price objective for the company. Royal Bank of Canada lifted their target price on FMC from $78.00 to $81.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, KeyCorp decreased their price target on shares of FMC from $81.00 to $79.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $68.00.

FMC Trading Up 3.2 %

Shares of FMC stock opened at $60.62 on Tuesday. The firm’s 50 day simple moving average is $61.69 and its two-hundred day simple moving average is $60.74. The firm has a market capitalization of $7.57 billion, a price-to-earnings ratio of 5.22, a PEG ratio of 1.55 and a beta of 0.85. FMC Co. has a 12-month low of $50.03 and a 12-month 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.

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

Insider Buying and Selling

In related news, VP Jacqueline Scanlan sold 4,529 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were 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. This represents a 13.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.81% of the company’s stock.

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.