OVERSEA CHINESE BANKING Corp Ltd Increases Stock Position in FMC Co. (NYSE:FMC)

OVERSEA CHINESE BANKING Corp Ltd increased its position in FMC Co. (NYSE:FMC) by 20.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 4,574 shares of the basic materials company’s stock after buying an additional 784 shares during the period. 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 hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mather Group LLC. raised its holdings in shares of FMC by 250.6% in the 3rd quarter. Mather Group LLC. now owns 554 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 396 shares during the period. LRI Investments LLC purchased a new position in FMC in the first quarter valued at approximately $39,000. UMB Bank n.a. lifted its position in FMC by 56.9% during the second quarter. UMB Bank n.a. now owns 678 shares of the basic materials company’s stock valued at $39,000 after buying an additional 246 shares in the last quarter. Sentry Investment Management LLC purchased a new stake in FMC during the first quarter worth approximately $45,000. Finally, EntryPoint Capital LLC increased its position in shares of FMC by 1,282.3% in the first quarter. EntryPoint Capital LLC now owns 857 shares of the basic materials company’s stock worth $55,000 after acquiring an additional 795 shares in the last quarter. Institutional investors and hedge funds own 91.86% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. BMO Capital Markets lifted their target price on shares of FMC from $60.00 to $65.00 and gave the company a “market perform” rating in a report on Friday, August 2nd. Mizuho upped their target price on FMC from $64.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. KeyCorp reduced their price target on FMC from $81.00 to $79.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. JPMorgan Chase & Co. increased their price objective on shares of FMC from $50.00 to $59.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Finally, Royal Bank of Canada boosted their target price on shares of FMC from $78.00 to $81.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $68.00.

Insider Activity

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 stock was sold at an average price of $59.67, for a total transaction 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 represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.85% of the company’s stock.

FMC Price Performance

Shares of FMC stock opened at $55.73 on Thursday. The firm has a fifty day moving average of $62.48 and a two-hundred day moving average of $61.04. The firm has a market cap of $6.96 billion, a P/E ratio of 4.80, a P/E/G ratio of 1.47 and a beta of 0.85. FMC Co. has a 1-year low of $50.03 and a 1-year high of $68.72. 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 (NYSE:FMC) last issued its quarterly earnings results on Tuesday, October 29th. The basic materials company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.49 by $0.20. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations 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 last year, the company posted $0.44 earnings per share. As a group, research analysts anticipate that FMC Co. will post 3.35 earnings per share for the current fiscal year.

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.