FMC Co. (NYSE:FMC) Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its holdings in shares of FMC Co. (NYSE:FMC) by 149.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 42,966 shares of the basic materials company’s stock after buying an additional 25,722 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in FMC were worth $2,833,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in FMC. Price T Rowe Associates Inc. MD lifted its stake in shares of FMC by 35.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,061,828 shares of the basic materials company’s stock worth $322,439,000 after purchasing an additional 1,316,133 shares in the last quarter. AQR Capital Management LLC lifted its position in FMC by 317.7% during the 2nd quarter. AQR Capital Management LLC now owns 1,099,389 shares of the basic materials company’s stock worth $63,160,000 after acquiring an additional 836,179 shares in the last quarter. Vanguard Group Inc. boosted its holdings in FMC by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 15,290,219 shares of the basic materials company’s stock worth $973,987,000 after acquiring an additional 768,432 shares during the period. Maple Rock Capital Partners Inc. acquired a new stake in FMC in the first quarter valued at approximately $37,686,000. Finally, Pzena Investment Management LLC purchased a new stake in shares of FMC during the second quarter valued at approximately $33,191,000. Institutional investors and hedge funds own 91.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on FMC shares. Barclays upped their target price on shares of FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. Wells Fargo & Company lowered their target price on FMC from $68.00 to $62.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 16th. Citigroup started coverage on FMC in a research note on Wednesday, October 23rd. They issued a “neutral” rating and a $67.00 price target on the stock. Redburn Atlantic upgraded FMC from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 19th. Finally, JPMorgan Chase & Co. lifted their price objective on FMC from $50.00 to $59.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $68.00.

FMC Stock Down 2.8 %

FMC stock opened at $63.15 on Friday. The firm has a fifty day moving average price of $63.21 and a two-hundred day moving average price of $60.88. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.48 and a quick ratio of 1.07. FMC Co. has a 1-year low of $49.49 and a 1-year high of $68.72. The firm has a market cap of $7.88 billion, a price-to-earnings ratio of 5.43, a PEG ratio of 1.71 and a beta of 0.85.

FMC (NYSE:FMC) last announced its quarterly earnings results on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.20. FMC had a return on equity of 7.68% and a net margin of 34.93%. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the firm earned $0.44 EPS. The business’s quarterly revenue was up 8.5% on a year-over-year basis. Research analysts predict that FMC Co. will post 3.3 EPS for the current year.

FMC 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.