FMC (NYSE:FMC) Stock: Insider Jacqueline Scanlan Sells 4,930 Shares

FMC Corporation (NYSE:FMC) VP Jacqueline Scanlan sold 4,930 shares of the business’s stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $6.55, for a total value of $32,291.50. Following the transaction, the vice president directly owned 58,628 shares of the company’s stock, valued at approximately $384,013.40. This represents a 7.76% decrease in their ownership of the stock. The sale was disclosed in a 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 Trading Down 7.3%

NYSE FMC opened at $5.62 on Friday. FMC Corporation has a 12 month low of $4.37 and a 12 month high of $18.29. The company’s fifty day moving average price is $8.63 and its two-hundred day moving average price is $12.23. The company has a market capitalization of $875.02 million, a price-to-earnings ratio of -0.17 and a beta of 0.50. 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 released its earnings results on Thursday, October 29th. The basic materials company reported ($4.41) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($4.49). FMC had a negative net margin of 151.18% and a negative return on equity of 30.77%. The firm had revenue of $105.90 million during the quarter, compared to analyst estimates of $487.63 million. During the same quarter in the previous year, the firm earned $0.89 EPS. FMC’s quarterly revenue was down 80.5% on a year-over-year basis. As a group, research analysts predict that FMC Corporation will post -3.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on FMC shares. JPMorgan Chase & Co. reduced their target price on FMC from $16.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday, July 31st. BMO Capital Markets reduced their price target on FMC from $11.00 to $7.50 and set a “market perform” rating for the company in a research report on Friday, October 16th. Morgan Stanley cut their target price on FMC from $12.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Monday, November 2nd. Barclays cut their price target on FMC from $9.00 to $4.00 and set an “underweight” rating for the company in a report on Thursday, October 15th. Finally, Jefferies Financial Group began coverage on shares of FMC in a research note on Monday. They set a “hold” rating and a $6.00 target price on the stock. Three investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $10.71.

Hedge Funds Weigh In On FMC

A number of institutional investors and hedge funds have recently made changes to their positions in FMC. King Luther Capital Management Corp boosted its stake in FMC by 40.5% during the third quarter. King Luther Capital Management Corp now owns 1,497,932 shares of the basic materials company’s stock worth $13,362,000 after buying an additional 431,640 shares during the last quarter. Maryland State Retirement & Pension System increased 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 in the last quarter. Ethic Inc. lifted its holdings in shares of FMC by 38.9% in the third quarter. Ethic Inc. now owns 168,271 shares of the basic materials company’s stock worth $1,501,000 after acquiring an additional 47,113 shares during the last quarter. Greenleaf Trust increased its stake in FMC by 75.1% in the 3rd quarter. Greenleaf Trust now owns 48,418 shares of the basic materials company’s stock valued at $432,000 after buying an additional 20,765 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake 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 valued at $196,000 after acquiring an additional 9,345 shares during the last quarter. Hedge funds and other institutional investors own 91.86% of the company’s stock.

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.