Should you increase your position in FMC Corporation (FMC)?
TimesSquare Capital Management, an equity investment management firm, released its third quarter letter to investors titled “US Mid Cap Growth Strategy”. A copy of it can be downloaded here. In the third quarter, the strategy returned -0.21% (net), compared to -0.65% for the Russell Midcap Growth Index. Strength in the consumer discretionary, energy, financials, industrials, information technology and materials sectors contributed to the strategy’s performance during the quarter. Additionally, please see the fund’s top five holdings for its top picks in 2022.
TimesSquare Capital highlighted stocks like FMC Corporation (NYSE:FCM) in the Third Quarter 2022 Letter to Investors. Based in Philadelphia, Pennsylvania, FMC Corporation (NYSE: FMC) operates as an agricultural science company. On December 23, 2022, shares of FMC Corporation (NYSE: FMC) closed at $126.34 per share. FMC Corporation’s (NYSE:FMC) one-month return was -2.20% and its shares have gained 15.78% in value over the past 52 weeks. FMC Corporation (NYSE: FMC) has a market capitalization of $15.915 billion.
TimesSquare Capital made the following comment about FMC Corporation (NYSE:FMC) in its Q3 2022 Letter to Investors:
“CMF Company (NYSE: FMC) is an agricultural science company that provides solutions in areas such as crop protection, plant health, professional pest control and turf management. The company posted mixed results with rising revenue but with declining margins on cost headwinds. As the stock fell -1%, we took advantage of this weakness to increase the position.”
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FMC Corporation (NYSE: FMC) is not on our list of 30 most popular stocks among hedge funds. According to our database, 28 hedge fund portfolios held FMC Corporation (NYSE:FMC) at the end of the third quarter, up from 29 in the previous quarter.
We discussed FMC Corporation (NYSE: FMC) in another article and shared list of largest agricultural stocks. Additionally, please see our Letters to Hedge Fund Investors Q3 2022 page for more letters from hedge fund investors and other leading investors.
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Disclosure: none. This article originally appeared on Insider Monkey.
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