Investors Buy FMC (FMC) on Weakness

Investors bought shares of FMC Corp (NYSE:FMC) on weakness during trading on Thursday. $109.45 million flowed into the stock on the tick-up and $65.91 million flowed out of the stock on the tick-down, for a money net flow of $43.54 million into the stock. Of all equities tracked, FMC had the 21st highest net in-flow for the day. FMC traded down ($0.27) for the day and closed at $83.67

A number of research analysts recently weighed in on the stock. Citigroup assumed coverage on shares of FMC in a report on Monday. They issued a “buy” rating and a $92.00 price objective for the company. ValuEngine upgraded shares of FMC from a “sell” rating to a “hold” rating in a report on Thursday, November 1st. Credit Suisse Group assumed coverage on shares of FMC in a report on Monday. They issued an “outperform” rating and a $103.00 price objective for the company. Nomura lifted their price objective on shares of FMC from $100.00 to $106.00 and gave the company a “buy” rating in a report on Wednesday, July 11th. Finally, Zacks Investment Research cut shares of FMC from a “buy” rating to a “hold” rating in a report on Thursday, July 19th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $102.15.

The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.24 and a current ratio of 1.54. The firm has a market capitalization of $11.26 billion, a P/E ratio of 30.87, a P/E/G ratio of 0.75 and a beta of 1.60.

FMC (NYSE:FMC) last posted its quarterly earnings results on Monday, November 5th. The basic materials company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.92 by $0.06. FMC had a net margin of 22.28% and a return on equity of 26.26%. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the previous year, the business posted $0.70 EPS. The firm’s revenue was up 60.4% on a year-over-year basis. On average, research analysts expect that FMC Corp will post 6.05 earnings per share for the current year.

In other news, COO Mark Douglas purchased 4,250 shares of the stock in a transaction on Tuesday, August 14th. The stock was bought at an average price of $86.13 per share, for a total transaction of $366,052.50. Following the acquisition, the chief operating officer now directly owns 59,943 shares of the company’s stock, valued at approximately $5,162,890.59. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dirk A. Kempthorne purchased 1,173 shares of the stock in a transaction on Tuesday, August 28th. The shares were purchased at an average price of $86.12 per share, with a total value of $101,018.76. Following the acquisition, the director now directly owns 35,783 shares in the company, valued at $3,081,631.96. The disclosure for this purchase can be found here. Insiders own 1.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of FMC. Alliancebernstein L.P. lifted its position in shares of FMC by 1.1% during the 3rd quarter. Alliancebernstein L.P. now owns 273,048 shares of the basic materials company’s stock worth $23,804,000 after buying an additional 2,860 shares during the last quarter. Piedmont Investment Advisors Inc. lifted its position in shares of FMC by 242.6% during the 3rd quarter. Piedmont Investment Advisors Inc. now owns 5,328 shares of the basic materials company’s stock worth $464,000 after buying an additional 3,773 shares during the last quarter. Norinchukin Bank The lifted its position in shares of FMC by 13.6% during the 3rd quarter. Norinchukin Bank The now owns 17,316 shares of the basic materials company’s stock worth $1,510,000 after buying an additional 2,075 shares during the last quarter. Capital Analysts LLC lifted its position in shares of FMC by 5.4% during the 3rd quarter. Capital Analysts LLC now owns 13,922 shares of the basic materials company’s stock worth $1,214,000 after buying an additional 714 shares during the last quarter. Finally, Oakview Capital Management L.P. lifted its position in shares of FMC by 6.3% during the 3rd quarter. Oakview Capital Management L.P. now owns 171,909 shares of the basic materials company’s stock worth $14,987,000 after buying an additional 10,215 shares during the last quarter. Institutional investors own 89.77% of the company’s stock.

WARNING: “Investors Buy FMC (FMC) on Weakness” was originally published by WKRB News and is owned by of WKRB News. If you are viewing this article on another domain, it was illegally copied and republished in violation of U.S. and international trademark and copyright law. The legal version of this article can be viewed at https://www.wkrb13.com/2018/11/09/investors-buy-fmc-fmc-on-weakness.html.

FMC Company Profile (NYSE:FMC)

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.

Featured Story: What is Compound Interest?

Receive News & Ratings for FMC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FMC and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply