Nomura Holdings Inc. bought a new position in FMC Corp (NYSE:FMC) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 17,890 shares of the basic materials company’s stock, valued at approximately $1,507,000.

Several other hedge funds also recently bought and sold shares of the company. Wealthfront Advisers LLC lifted its holdings in shares of FMC by 3.6% in the third quarter. Wealthfront Advisers LLC now owns 3,865 shares of the basic materials company’s stock worth $339,000 after acquiring an additional 136 shares during the last quarter. Capital Bank & Trust Co lifted its holdings in shares of FMC by 1.9% in the second quarter. Capital Bank & Trust Co now owns 7,340 shares of the basic materials company’s stock worth $609,000 after acquiring an additional 140 shares during the last quarter. Parallel Advisors LLC raised its holdings in FMC by 46.9% in the 2nd quarter. Parallel Advisors LLC now owns 501 shares of the basic materials company’s stock valued at $42,000 after buying an additional 160 shares during the last quarter. Keybank National Association OH raised its holdings in FMC by 3.1% in the 3rd quarter. Keybank National Association OH now owns 5,501 shares of the basic materials company’s stock valued at $482,000 after buying an additional 163 shares during the last quarter. Finally, Ellevest Inc. raised its holdings in FMC by 91.2% in the 2nd quarter. Ellevest Inc. now owns 457 shares of the basic materials company’s stock valued at $38,000 after buying an additional 218 shares during the last quarter. 88.84% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts recently issued reports on FMC shares. Buckingham Research raised their price objective on shares of FMC from $100.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Zacks Investment Research lowered shares of FMC from a “hold” rating to a “sell” rating and set a $87.00 price objective for the company. in a report on Wednesday, October 16th. BMO Capital Markets set a $100.00 price objective on shares of FMC and gave the company a “buy” rating in a report on Thursday, September 12th. Robert W. Baird upgraded shares of FMC from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $86.00 to $95.00 in a report on Wednesday, October 16th. Finally, BNP Paribas started coverage on shares of FMC in a report on Wednesday, September 18th. They issued a “buy” rating and a $110.00 price objective for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $99.41.

In other FMC news, CEO Pierre R. Brondeau sold 24,738 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $96.88, for a total transaction of $2,396,617.44. Also, insider Nicholas Pfeiffer sold 3,379 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $98.93, for a total transaction of $334,284.47. Following the transaction, the insider now owns 10,925 shares of the company’s stock, valued at approximately $1,080,810.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,335 shares of company stock valued at $3,568,634. Company insiders own 1.50% of the company’s stock.

FMC stock opened at $99.18 on Friday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.15 and a current ratio of 1.62. FMC Corp has a 52-week low of $69.36 and a 52-week high of $100.48. The firm has a 50 day moving average price of $95.59 and a two-hundred day moving average price of $86.71. The firm has a market cap of $12.86 billion, a price-to-earnings ratio of 15.77, a PEG ratio of 1.63 and a beta of 1.50.

FMC (NYSE:FMC) last released its quarterly earnings results on Tuesday, October 29th. The basic materials company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.14. FMC had a net margin of 11.08% and a return on equity of 27.94%. The firm had revenue of $1,000.00 million during the quarter, compared to analyst estimates of $978.47 million. During the same quarter last year, the business earned $0.98 EPS. The company’s revenue was down 3.5% compared to the same quarter last year. As a group, equities research analysts predict that FMC Corp will post 5.86 EPS for the current fiscal year.

FMC Profile

FMC Corporation, a diversified chemical company, provides solutions, applications, and products for the agricultural, consumer, and industrial markets worldwide. The company operates in two segments, FMC Agricultural Solutions and FMC Lithium. The FMC Agricultural Solutions segment develops, manufactures, markets, and sells crop protection chemicals, including insecticides, herbicides, and fungicides that 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.

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Institutional Ownership by Quarter for FMC (NYSE:FMC)

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