FMC Co. (NYSE:FMC) Shares Bought by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd lifted its position in shares of FMC Co. (NYSE:FMC) by 20.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,574 shares of the basic materials company’s stock after acquiring an additional 784 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in FMC were worth $302,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its holdings in FMC by 35.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,061,828 shares of the basic materials company’s stock valued at $322,439,000 after purchasing an additional 1,316,133 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of FMC by 317.7% in 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 buying an additional 836,179 shares in the last quarter. Vanguard Group Inc. grew its holdings in 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 acquiring an additional 768,432 shares during the period. Maple Rock Capital Partners Inc. purchased a new position in FMC in the first quarter worth $37,686,000. Finally, Pzena Investment Management LLC acquired a new stake in FMC in the second quarter valued at $33,191,000. 91.86% of the stock is currently owned by institutional investors and hedge funds.

FMC Price Performance

NYSE:FMC opened at $55.73 on Thursday. The firm has a market cap of $6.96 billion, a price-to-earnings ratio of 4.80, a price-to-earnings-growth ratio of 1.47 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. The company’s 50-day moving average is $62.48 and its two-hundred day moving average is $61.04.

FMC (NYSE:FMC) last announced its quarterly earnings data 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 business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.04 billion. FMC had a net margin of 34.93% and a return on equity of 7.68%. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.44 earnings per share. Research analysts expect that FMC Co. will post 3.35 EPS for the current year.

Insider Activity at FMC

In other FMC news, VP Jacqueline Scanlan sold 4,529 shares of the firm’s 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 sale, the vice president now directly owns 28,649 shares of the company’s stock, valued at approximately $1,709,485.83. This trade represents a 0.00 % decrease in their position. The sale 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 Analyst Weigh In

A number of brokerages have recently issued reports on FMC. Redburn Atlantic upgraded shares of FMC from a “hold” rating to a “strong-buy” rating in a report on Friday, July 19th. Barclays lifted their price target on shares of FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a research report on Monday, August 5th. Royal Bank of Canada upped their price target on FMC from $78.00 to $81.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. BMO Capital Markets lifted their price objective on FMC from $60.00 to $65.00 and gave the stock a “market perform” rating in a report on Friday, August 2nd. Finally, KeyCorp lowered their target price on FMC from $81.00 to $79.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. 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 issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $68.00.

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.