Barnett & Company Inc. Acquires Shares of 34,354 FMC Co. (NYSE:FMC)

Barnett & Company Inc. acquired a new position in shares of FMC Co. (NYSE:FMC - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 34,354 shares of the basic materials company's stock, valued at approximately $2,265,000. FMC makes up approximately 1.5% of Barnett & Company Inc.'s holdings, making the stock its 22nd largest position.

A number of other large investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of FMC by 35.1% in 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 acquiring an additional 1,316,133 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of FMC by 317.7% in the second 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 during the last quarter. Vanguard Group Inc. lifted its holdings in shares of FMC by 5.3% in the first 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 last quarter. Maple Rock Capital Partners Inc. bought a new position in FMC in the 1st quarter valued at approximately $37,686,000. Finally, Pzena Investment Management LLC bought a new position in FMC in the 2nd quarter valued at approximately $33,191,000. 91.86% of the stock is currently owned by institutional investors and hedge funds.

FMC Trading Down 5.3 %

Shares of FMC stock traded down $3.15 during trading hours on Tuesday, hitting $55.94. 2,024,584 shares of the company were exchanged, compared to its average volume of 1,685,461. The firm has a market cap of $6.98 billion, a P/E ratio of 4.81, a P/E/G ratio of 1.57 and a beta of 0.85. FMC Co. has a fifty-two week low of $50.03 and a fifty-two week high of $68.72. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.09 and a current ratio of 1.48. The company has a 50 day simple moving average of $62.76 and a two-hundred day simple moving average of $61.09.

FMC (NYSE:FMC - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.20. FMC had a net margin of 34.93% and a return on equity of 7.68%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the firm posted $0.44 EPS. FMC's revenue was up 8.5% compared to the same quarter last year. Equities analysts anticipate that FMC Co. will post 3.35 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on FMC shares. JPMorgan Chase & Co. raised their price objective on shares of FMC from $50.00 to $59.00 and gave the company a "neutral" rating in a report on Monday, August 12th. BMO Capital Markets raised their price objective on shares of FMC from $60.00 to $65.00 and gave the company a "market perform" rating in a report on Friday, August 2nd. KeyCorp dropped their price objective on shares of FMC from $81.00 to $79.00 and set an "overweight" rating for the company in a report on Friday, August 2nd. Royal Bank of Canada raised their price objective on shares of FMC from $78.00 to $81.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Finally, Citigroup initiated coverage on shares of FMC in a report on Wednesday, October 23rd. They set a "neutral" rating and a $67.00 price target for the company. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, FMC presently has a consensus rating of "Hold" and a consensus target price of $68.00.

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.