FMC Co. (NYSE:FMC) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC cut its stake in shares of FMC Co. (NYSE:FMC) by 14.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 59,485 shares of the basic materials company’s stock after selling 10,083 shares during the quarter. Janus Henderson Group PLC’s holdings in FMC were worth $3,923,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Commerce Bank lifted its stake in shares of FMC by 3.7% in the 3rd quarter. Commerce Bank now owns 5,135 shares of the basic materials company’s stock worth $339,000 after acquiring an additional 183 shares during the period. Dark Forest Capital Management LP lifted its position in FMC by 3.1% in the second quarter. Dark Forest Capital Management LP now owns 6,465 shares of the basic materials company’s stock valued at $372,000 after purchasing an additional 192 shares during the period. HB Wealth Management LLC boosted its holdings in FMC by 3.8% in the 2nd quarter. HB Wealth Management LLC now owns 5,649 shares of the basic materials company’s stock valued at $325,000 after purchasing an additional 208 shares in the last quarter. UMB Bank n.a. increased its position in FMC by 56.9% during 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 period. Finally, First Horizon Advisors Inc. raised its stake in shares of FMC by 90.8% during the 3rd quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock worth $34,000 after buying an additional 246 shares in the last quarter. 91.86% of the stock is currently owned by hedge funds and other institutional investors.

FMC Trading Down 1.6 %

Shares of FMC opened at $57.25 on Wednesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.48 and a quick ratio of 1.09. FMC Co. has a 1-year low of $50.03 and a 1-year high of $68.72. The stock has a market cap of $7.15 billion, a price-to-earnings ratio of 4.93, a price-to-earnings-growth ratio of 1.49 and a beta of 0.80. The firm has a 50 day simple moving average of $60.41 and a 200-day simple moving average of $60.31.

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on FMC. Citigroup assumed coverage on FMC in a report on Wednesday, October 23rd. They set a “neutral” rating and a $67.00 price objective on the stock. Royal Bank of Canada increased their price target 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, Mizuho boosted 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. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $68.00.

Insiders Place Their Bets

In related news, VP Jacqueline Scanlan sold 4,529 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $59.67, for a total transaction of $270,245.43. Following the transaction, the vice president now owns 28,649 shares of the company’s stock, valued at approximately $1,709,485.83. This represents a 13.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.85% of the stock is owned by corporate insiders.

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.