Vontobel Holding Ltd. Has $435,000 Stock Holdings in FMC Co. (NYSE:FMC)

Vontobel Holding Ltd. cut its position in FMC Co. (NYSE:FMC) by 25.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,601 shares of the basic materials company’s stock after selling 2,272 shares during the quarter. Vontobel Holding Ltd.’s holdings in FMC were worth $435,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of FMC. Riverview Trust Co bought a new stake in shares of FMC during the 1st quarter valued at approximately $27,000. Wealth Enhancement Advisory Services LLC increased its stake in FMC by 13.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,422 shares of the basic materials company’s stock valued at $855,000 after purchasing an additional 1,583 shares in the last quarter. Calton & Associates Inc. acquired a new stake in FMC in the 1st quarter valued at $411,000. Oak Thistle LLC purchased a new position in shares of FMC during the first quarter valued at approximately $399,000. Finally, Tributary Capital Management LLC purchased a new position in FMC during the 1st quarter worth $151,000. Institutional investors own 91.86% of the company’s stock.

FMC Stock Up 0.1 %

FMC stock opened at $62.38 on Wednesday. The company has a quick ratio of 1.07, a current ratio of 1.48 and a debt-to-equity ratio of 0.66. The firm has a market cap of $7.79 billion, a P/E ratio of 6.96, a P/E/G ratio of 1.53 and a beta of 0.85. FMC Co. has a twelve month low of $49.49 and a twelve month high of $68.72. The business has a fifty day moving average of $63.32 and a two-hundred day moving average of $60.72.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on FMC shares. Redburn Atlantic raised FMC from a “hold” rating to a “strong-buy” rating in a report on Friday, July 19th. Barclays increased their price objective on FMC from $62.00 to $65.00 and gave the stock an “equal weight” rating in a report on Monday, August 5th. BMO Capital Markets upped their price target on shares of FMC from $60.00 to $65.00 and gave the stock a “market perform” rating in a report on Friday, August 2nd. KeyCorp decreased their price objective on shares of FMC from $81.00 to $79.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Finally, Wells Fargo & Company lowered their price objective on shares of FMC from $68.00 to $62.00 and set an “equal weight” rating for the company in a report on Tuesday, July 16th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, FMC presently has a consensus rating of “Hold” and an average price target of $66.64.

FMC Company Profile

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.