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

Key Points

• FMC VP Jacqueline Scanlan sold 4,930 shares for $32,291.50 under a pre-arranged Rule 10b5-1 plan, reducing her direct stake by 7.76% to 58,628 shares.
• FMC reported a sharp quarterly earnings miss, with EPS of -$4.41 versus estimates of $0.08 and revenue of $105.9 million versus $487.6 million expected; revenue fell 80.5% year over year.
• Shares traded at $6.05, while analysts’ consensus rating was “Reduce” and the average price target was $10.71; several firms had recently lowered their targets.

FMC Corporation (NYSE:FMC - Get Free Report) VP Jacqueline Scanlan sold 4,930 shares of the company's stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $6.55, for a total value of $32,291.50. Following the sale, the vice president directly owned 58,628 shares of the company's stock, valued at $384,013.40. The trade was a 7.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

FMC Stock Performance

FMC stock traded down $0.36 during midday trading on Thursday, hitting $6.05. 5,310,462 shares of the company traded hands, compared to its average volume of 4,428,864. FMC Corporation has a twelve month low of $4.37 and a twelve month high of $18.29. The company has a quick ratio of 1.18, a current ratio of 1.66 and a debt-to-equity ratio of 416.31. The business has a 50 day simple moving average of $8.83 and a 200-day simple moving average of $12.33. The stock has a market capitalization of $941.92 million, a price-to-earnings ratio of -0.18 and a beta of 0.50.

FMC (NYSE:FMC - Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The basic materials company reported ($4.41) EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($4.49). The firm had revenue of $105.90 million during the quarter, compared to the consensus estimate of $487.63 million. FMC had a negative net margin of 151.18% and a negative return on equity of 30.77%. The company's revenue for the quarter was down 80.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.89 EPS. As a group, equities research analysts predict that FMC Corporation will post -3.71 earnings per share for the current year.

Analyst Ratings Changes

FMC has been the topic of several recent analyst reports. Mizuho set a $10.00 price target on FMC in a research report on Thursday, October 15th. Citigroup increased their price objective on FMC from $6.00 to $7.00 and gave the company a "neutral" rating in a research report on Tuesday. Wall Street Zen upgraded shares of FMC from a "sell" rating to a "hold" rating in a research note on Saturday, August 1st. UBS Group lowered their price objective on shares of FMC from $10.00 to $6.50 and set a "neutral" rating on the stock in a research note on Tuesday. Finally, BMO Capital Markets dropped their target price on shares of FMC from $11.00 to $7.50 and set a "market perform" rating on the stock in a research report on Friday, October 16th. Three research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the company's stock. According to MarketBeat.com, FMC currently has a consensus rating of "Reduce" and an average target price of $10.71.

Hedge Funds Weigh In On FMC

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pinnacle Wealth Planning Services Inc. raised its stake in shares of FMC by 1,292.2% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 3,411 shares of the basic materials company's stock valued at $30,000 after buying an additional 3,166 shares in the last quarter. IFP Advisors Inc boosted its position in shares of FMC by 99.0% during the 2nd quarter. IFP Advisors Inc now owns 2,726 shares of the basic materials company's stock valued at $31,000 after acquiring an additional 1,356 shares in the last quarter. Root Financial Partners LLC boosted its position in shares of FMC by 3,642.9% during the 1st quarter. Root Financial Partners LLC now owns 1,834 shares of the basic materials company's stock valued at $32,000 after acquiring an additional 1,785 shares in the last quarter. Essential Partners LLC acquired a new stake in shares of FMC during the 1st quarter valued at about $43,000. Finally, Nykredit A S bought a new stake in FMC in the second quarter valued at about $55,000. 91.86% of the stock is currently owned by institutional investors.

More FMC News

Here are the key news stories impacting FMC this week:

• Positive Sentiment: Citigroup forecast strong potential price appreciation for FMC shares, offering a bullish view amid widespread analyst caution. Article: Citigroup Forecasts Strong Price Appreciation for FMC Stock
• Negative Sentiment: UBS Group, Royal Bank of Canada and Morgan Stanley each cut their FMC price targets, signaling reduced expectations for the stock. The reports’ headlines do not specify the revised targets. UBS article RBC article Morgan Stanley article
• Negative Sentiment: A separate report said FMC shares fell following an analyst downgrade, reinforcing near-term selling pressure. Article: FMC Shares Down After Analyst Downgrade
• Negative Sentiment: Pomerantz LLP announced an investigation into potential claims on behalf of FMC investors. The announcement is not a finding of wrongdoing, but could add reputational and legal uncertainty. Article: Pomerantz Law Firm Investigates Claims on Behalf of FMC Investors
• Negative Sentiment: A retrospective article highlighted FMC’s steep decline after Goldman Sachs had previously maintained a Buy recommendation, underscoring the risks of the company’s prolonged share-price weakness. Article: Goldman Sachs Said Buy This Stock a Year Ago. Now It’s Lost 61%

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.