Does FMC Corporation (FMC) Have a Favourable Growth Outlook?

TimesSquare Capital Management, an equity investment management company, released its “U.S. Mid Cap Growth Strategy” fourth-quarter investor letter. A copy of the same can be downloaded here. In the fourth quarter, the strategy returned 4.18% (net), compared to 6.90% for the Russell Midcap Growth Index. For the calendar year, the strategy returned -22.13% (net) compared to the benchmark’s return of -26.72%. Weakness in Consumer Staples, Energy, Health Care, Information Technology, and Real Estate holdings led to the underperformance of the portfolio in the quarter. In addition, please check the fund’s top five holdings to know its best picks in 2022.

TimesSquare U.S. Mid Cap Growth Strategy highlighted stocks like FMC Corporation (NYSE:FMC) in the Q4 2022 investor letter. Headquartered in Philadelphia, Pennsylvania, FMC Corporation (NYSE:FMC) is an agricultural sciences company. On March 31, 2023, FMC Corporation (NYSE:FMC) stock closed at $122.13 per share. One-month return of FMC Corporation (NYSE:FMC) was -3.06%, and its shares lost 7.62% of their value over the last 52 weeks. FMC Corporation (NYSE:FMC) has a market capitalization of $15.284 billion.

TimesSquare U.S. Mid Cap Growth Strategy made the following comment about FMC Corporation (NYSE:FMC) in its Q4 2022 investor letter:

“Within Materials, FMC Corporation (NYSE:FMC) is an agricultural sciences company offering solutions in areas such as crop protection, plant health, professional pest, and turf management. The company delivered solid third quarter results that led to a 19% boost to its stock price. Management continues to view the outlook as favorable, underpinning strong demand. Inflationary pressures appear to be easing and supportive of margin expansion.”

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FMC Corporation (NYSE:FMC) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 33 hedge fund portfolios held FMC Corporation (NYSE:FMC) at the end of the fourth quarter which was 28 in the previous quarter.

We discussed FMC Corporation (NYSE:FMC) in another article and shared the list of largest pest control companies in USA. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.