Swiss National Bank Has $37.45 Million Position in FMC Corp (FMC)

Swiss National Bank decreased its position in FMC Corp (NYSE:FMC) by 3.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 429,536 shares of the basic materials company’s stock after selling 14,700 shares during the quarter. Swiss National Bank’s holdings in FMC were worth $37,447,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of FMC. SRS Capital Advisors Inc. acquired a new stake in FMC in the third quarter valued at approximately $125,000. Thompson Davis & CO. Inc. increased its stake in FMC by 307.1% in the second quarter. Thompson Davis & CO. Inc. now owns 1,425 shares of the basic materials company’s stock valued at $127,000 after purchasing an additional 1,075 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in FMC by 221.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,525 shares of the basic materials company’s stock valued at $136,000 after purchasing an additional 1,050 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new position in FMC in the second quarter valued at approximately $139,000. Finally, Moneta Group Investment Advisors LLC purchased a new position in FMC in the second quarter valued at approximately $157,000. 90.08% of the stock is currently owned by hedge funds and other institutional investors.

Shares of FMC opened at $79.68 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.10 and a current ratio of 1.54. The company has a market cap of $10.73 billion, a PE ratio of 29.40, a price-to-earnings-growth ratio of 0.84 and a beta of 1.60. FMC Corp has a 12-month low of $72.73 and a 12-month high of $98.70.

FMC (NYSE:FMC) last announced its earnings results on Monday, November 5th. The basic materials company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.06. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.01 billion. FMC had a net margin of 22.28% and a return on equity of 26.26%. The company’s revenue for the quarter was up 60.4% compared to the same quarter last year. During the same period last year, the firm posted $0.70 earnings per share. Analysts anticipate that FMC Corp will post 6 earnings per share for the current year.

Several brokerages have commented on FMC. ValuEngine upgraded shares of FMC from a “sell” rating to a “hold” rating in a research note on Thursday, November 1st. Citigroup set a $96.00 price target on shares of FMC and gave the company a “buy” rating in a research note on Sunday, November 11th. Loop Capital began coverage on shares of FMC in a research note on Friday, November 9th. They issued a “buy” rating and a $118.00 price target on the stock. Buckingham Research began coverage on shares of FMC in a research note on Wednesday, November 14th. They issued a “buy” rating and a $106.00 price target on the stock. Finally, Credit Suisse Group began coverage on shares of FMC in a research note on Monday, November 5th. They issued an “outperform” rating and a $103.00 price target on the stock. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. FMC has a consensus rating of “Buy” and an average price target of $102.08.

In other FMC news, Director Dirk A. Kempthorne bought 1,173 shares of the stock in a transaction dated Tuesday, August 28th. The shares were acquired at an average cost of $86.12 per share, for a total transaction of $101,018.76. Following the completion of the transaction, the director now owns 35,783 shares in the company, valued at approximately $3,081,631.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.20% of the company’s stock.

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FMC Company 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.

Further Reading: Balanced Fund

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Institutional Ownership by Quarter for FMC (NYSE:FMC)

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