Easterly Investment Partners LLC Grows Stake in FMC Co. (NYSE:FMC)

Easterly Investment Partners LLC raised its holdings in FMC Co. (NYSE:FMC - Free Report) by 21.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 265,209 shares of the basic materials company's stock after buying an additional 46,485 shares during the quarter. FMC accounts for about 1.4% of Easterly Investment Partners LLC's investment portfolio, making the stock its 10th largest position. Easterly Investment Partners LLC owned about 0.21% of FMC worth $17,488,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FMC. Mather Group LLC. lifted 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 during the period. LRI Investments LLC bought a new position in shares of FMC during the 1st quarter worth approximately $41,000. UMB Bank n.a. lifted its position in shares of FMC by 56.9% during the 2nd quarter. UMB Bank n.a. now owns 678 shares of the basic materials company's stock worth $39,000 after buying an additional 246 shares during the period. Sentry Investment Management LLC bought a new position in shares of FMC during the 1st quarter worth approximately $45,000. Finally, EntryPoint Capital LLC lifted its position in shares of FMC by 1,282.3% during the 1st quarter. EntryPoint Capital LLC now owns 857 shares of the basic materials company's stock worth $55,000 after buying an additional 795 shares during the period. Institutional investors and hedge funds own 91.86% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FMC. Mizuho raised their price target on FMC from $64.00 to $70.00 and gave the company a "neutral" rating in a report on Friday, November 1st. Royal Bank of Canada lifted their target price on FMC from $78.00 to $81.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Barclays lifted their target price on FMC from $62.00 to $65.00 and gave the company an "equal weight" rating in a research note on Monday, August 5th. BMO Capital Markets lifted their target price on FMC from $60.00 to $65.00 and gave the company a "market perform" rating in a research note on Friday, August 2nd. Finally, Citigroup assumed coverage on FMC in a research note on Wednesday, October 23rd. They issued a "neutral" rating and a $67.00 target price for the company. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $68.00.

FMC Trading Down 1.9 %

FMC stock traded down $1.16 during midday trading on Friday, hitting $59.69. 1,037,264 shares of the company's stock were exchanged, compared to its average volume of 1,687,519. The stock's fifty day moving average price is $62.97 and its 200-day moving average price is $61.04. 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 market cap of $7.45 billion, a PE ratio of 5.24, a price-to-earnings-growth ratio of 1.67 and a beta of 0.85. FMC Co. has a one year low of $49.49 and a one year high of $68.72.

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