V Square Quantitative Management LLC Buys 265 Shares of FMC Co. (NYSE:FMC)

V Square Quantitative Management LLC grew its stake in FMC Co. (NYSE:FMC) by 5.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,747 shares of the basic materials company’s stock after purchasing an additional 265 shares during the quarter. V Square Quantitative Management LLC’s holdings in FMC were worth $313,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of FMC. Riverview Trust Co purchased a new position in shares of FMC during the first quarter valued at about $27,000. Mather Group LLC. raised its position in shares of FMC by 250.6% in the 3rd quarter. Mather Group LLC. now owns 554 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 396 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in shares of FMC by 114.3% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 568 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 303 shares during the period. LRI Investments LLC bought a new stake in shares of FMC during the first quarter valued at approximately $41,000. Finally, UMB Bank n.a. grew its stake in FMC by 56.9% in the second quarter. UMB Bank n.a. now owns 678 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 246 shares during the period. 91.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on FMC. BMO Capital Markets raised their price objective on FMC from $60.00 to $65.00 and gave the company a “market perform” rating in a research report on Friday, August 2nd. Wells Fargo & Company lowered their price target on shares of FMC from $68.00 to $62.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 16th. Barclays upped their price objective on shares of FMC from $62.00 to $65.00 and gave the stock an “equal weight” rating in a report on Monday, August 5th. JPMorgan Chase & Co. lifted their target price on shares of FMC from $50.00 to $59.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Finally, Redburn Atlantic upgraded FMC from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 19th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $66.64.

FMC Price Performance

NYSE FMC opened at $62.69 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.07 and a current ratio of 1.48. The company has a market capitalization of $7.82 billion, a price-to-earnings ratio of 7.00, a PEG ratio of 1.53 and a beta of 0.85. The stock has a 50-day moving average of $63.27 and a 200 day moving average of $60.70. FMC Co. has a one year low of $49.49 and a one year high of $68.72.

FMC (NYSE:FMC) last released its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.08. FMC had a net margin of 33.97% and a return on equity of 7.52%. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the previous year, the company earned $0.50 earnings per share. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. On average, sell-side analysts forecast that FMC Co. will post 3.4 EPS for the current year.

About FMC

FMC Corporation, an agricultural sciences company, provides crop protection, plant health, and professional pest and turf management products. It develops, markets, and sells crop protection chemicals that includes insecticides, herbicides, and fungicides; and biologicals, crop nutrition, and seed treatment products, which 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.