ING Groep NV Acquires Shares of 104,694 FMC Co. (NYSE:FMC)

ING Groep NV bought a new stake in FMC Co. (NYSE:FMC) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 104,694 shares of the basic materials company’s stock, valued at approximately $6,904,000. ING Groep NV owned approximately 0.08% of FMC as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Mather Group LLC. raised its holdings in FMC by 250.6% in the third quarter. Mather Group LLC. now owns 554 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 396 shares in the last quarter. LRI Investments LLC bought a new position in shares of FMC during the first quarter worth about $41,000. UMB Bank n.a. grew 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 worth $39,000 after purchasing an additional 246 shares in the last quarter. EntryPoint Capital LLC increased its holdings in FMC by 1,282.3% in the first quarter. EntryPoint Capital LLC now owns 857 shares of the basic materials company’s stock valued at $55,000 after buying an additional 795 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in FMC by 120.9% during the third quarter. GAMMA Investing LLC now owns 919 shares of the basic materials company’s stock valued at $61,000 after buying an additional 503 shares in the last quarter. 91.86% of the stock is currently owned by hedge funds and other institutional investors.

FMC Trading Down 2.0 %

NYSE:FMC opened at $54.39 on Friday. The stock has a market cap of $6.79 billion, a price-to-earnings ratio of 4.68, a PEG ratio of 1.47 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 Co. has a 1 year low of $50.03 and a 1 year high of $68.72. The business has a fifty day moving average of $62.22 and a 200-day moving average of $60.96.

FMC (NYSE:FMC) last announced its earnings results on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.20. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.04 billion. FMC had a net margin of 34.93% and a return on equity of 7.68%. FMC’s 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 EPS. Equities analysts predict that FMC Co. will post 3.35 earnings per share for the current year.

Insider Buying and Selling

In other news, VP Jacqueline Scanlan sold 4,529 shares of the business’s stock in a transaction on 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 owns 28,649 shares of the company’s stock, valued at approximately $1,709,485.83. The trade was a 13.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.85% of the stock is owned by corporate insiders.

Analyst Ratings Changes

FMC has been the subject of a number of research analyst reports. JPMorgan Chase & Co. boosted 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 began coverage on shares of FMC in a report on Wednesday, October 23rd. They set a “neutral” rating and a $67.00 target price on the stock. Redburn Atlantic raised shares of FMC from a “hold” rating to a “strong-buy” rating in a report on Friday, July 19th. Barclays increased their price objective on shares of FMC from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Monday, August 5th. Finally, 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. One analyst has rated the stock with a sell rating, ten have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, FMC presently has an average rating of “Hold” and a consensus target price 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.