FMC (NYSE:FMC) VP Jacqueline Scanlan Sells 4,930 Shares of Company Stock

FMC Corporation (NYSE:FMC) VP Jacqueline Scanlan sold 4,930 shares of the stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $6.55, for a total transaction of $32,291.50. Following the completion of the transaction, the vice president directly owned 58,628 shares of the company’s stock, valued at $384,013.40. This trade represents a 7.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

FMC Price Performance

FMC stock opened at $6.05 on Friday. The company has a 50 day simple moving average of $8.73 and a 200 day simple moving average of $12.28. The stock has a market cap of $941.90 million, a price-to-earnings ratio of -0.18 and a beta of 0.50. FMC Corporation has a 1 year low of $4.37 and a 1 year high of $18.29. The company has a debt-to-equity ratio of 416.31, a current ratio of 1.66 and a quick ratio of 1.18.

FMC (NYSE:FMC) last issued its earnings results on Thursday, October 29th. The basic materials company reported ($4.41) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($4.49). The company had revenue of $105.90 million during the quarter, compared to analyst estimates of $487.63 million. FMC had a negative net margin of 151.18% and a negative return on equity of 30.77%. The business’s quarterly revenue was down 80.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.89 EPS. Research analysts anticipate that FMC Corporation will post -3.71 EPS for the current fiscal year.

FMC News Roundup

Here are the key news stories impacting FMC this week:

• Positive Sentiment: Citigroup forecast strong price appreciation for FMC, providing a bullish contrast to recent target cuts. Citigroup Forecasts Strong Price Appreciation for FMC Stock
• Neutral Sentiment: FMC Vice President Jacqueline Scanlan sold 4,930 shares for about $32,300 under a pre-arranged Rule 10b5-1 plan. The planned sale may be less informative than an unscheduled transaction, though insider selling can still draw investor attention. SEC Form 4 filing
• Negative Sentiment: Pomerantz LLP said it is investigating claims on behalf of FMC investors. The announcement provides no details about the claims, but the inquiry adds potential legal uncertainty. Pomerantz investigates claims on behalf of FMC investors
• Negative Sentiment: Analyst sentiment has weakened: FMC shares fell following a downgrade, and UBS, Royal Bank of Canada, and Morgan Stanley cut their price targets. These moves reinforce concerns about the stock’s outlook. FMC shares down after analyst downgrade UBS cuts FMC price target RBC cuts FMC price target Morgan Stanley cuts FMC price target

Hedge Funds Weigh In On FMC

A number of hedge funds have recently modified their holdings of the business. King Luther Capital Management Corp increased its position in FMC by 40.5% during the 3rd quarter. King Luther Capital Management Corp now owns 1,497,932 shares of the basic materials company’s stock valued at $13,362,000 after purchasing an additional 431,640 shares during the period. Maryland State Retirement & Pension System raised its holdings in FMC by 53.4% during the 3rd quarter. Maryland State Retirement & Pension System now owns 27,923 shares of the basic materials company’s stock worth $249,000 after purchasing an additional 9,718 shares during the last quarter. Ethic Inc. lifted its position in shares of FMC by 38.9% in the 3rd quarter. Ethic Inc. now owns 168,271 shares of the basic materials company’s stock worth $1,501,000 after purchasing an additional 47,113 shares during the period. Greenleaf Trust lifted its position in shares of FMC by 75.1% in the 3rd quarter. Greenleaf Trust now owns 48,418 shares of the basic materials company’s stock worth $432,000 after purchasing an additional 20,765 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in shares of FMC by 73.9% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 21,995 shares of the basic materials company’s stock worth $196,000 after purchasing an additional 9,345 shares during the period. Institutional investors and hedge funds own 91.86% of the company’s stock.

Wall Street Analyst Weigh In

FMC has been the topic of several recent research reports. Citigroup raised their price objective on FMC from $6.00 to $7.00 and gave the company a “neutral” rating in a report on Tuesday. UBS Group lowered their target price on FMC from $10.00 to $6.50 and set a “neutral” rating for the company in a report on Tuesday. Royal Bank Of Canada dropped their target price on FMC from $9.00 to $7.00 and set a “sector perform” rating for the company in a research report on Monday. Mizuho set a $10.00 price target on FMC in a research note on Thursday, October 15th. Finally, Jefferies Financial Group began coverage on FMC in a research note on Monday. They set a “hold” rating and a $6.00 price target on the stock. Three equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, FMC has a consensus rating of “Reduce” and an average price target of $10.71.

FMC Company Profile

FMC Corporation (NYSE: FMC) is an agricultural sciences company that develops and markets crop protection products and technologies. Its portfolio is designed to help farmers manage weeds, insects and diseases that can affect crop yields and quality.

The company’s products include herbicides, insecticides, fungicides, biological crop protection products and seed treatment solutions. FMC also develops crop health technologies and digital tools intended to support more precise and efficient agricultural applications.

FMC serves farmers, agricultural retailers and distributors in major farming regions around the world, with products used across a broad range of crops.