Easterly Investment Partners LLC Boosts Stock Holdings in FMC Co. (NYSE:FMC)

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

Other institutional investors have also made changes to their positions in the company. Dark Forest Capital Management LP raised its holdings in FMC by 3.1% in the 2nd quarter. Dark Forest Capital Management LP now owns 6,465 shares of the basic materials company's stock worth $372,000 after acquiring an additional 192 shares during the period. HB Wealth Management LLC lifted its position in FMC by 3.8% in the second quarter. HB Wealth Management LLC now owns 5,649 shares of the basic materials company's stock worth $325,000 after purchasing an additional 208 shares during the period. CreativeOne Wealth LLC boosted its stake in FMC by 6.7% during the first quarter. CreativeOne Wealth LLC now owns 3,926 shares of the basic materials company's stock worth $250,000 after buying an additional 246 shares in the last quarter. UMB Bank n.a. increased its holdings in FMC by 56.9% in the 2nd quarter. UMB Bank n.a. now owns 678 shares of the basic materials company's stock valued at $39,000 after buying an additional 246 shares during the period. Finally, Benjamin Edwards Inc. raised its stake in shares of FMC by 24.3% in the 2nd quarter. Benjamin Edwards Inc. now owns 1,326 shares of the basic materials company's stock valued at $76,000 after buying an additional 259 shares in the last quarter. 91.86% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. JPMorgan Chase & Co. raised their target price on FMC from $50.00 to $59.00 and gave the stock a "neutral" rating in a research report on Monday, August 12th. Royal Bank of Canada raised their price objective on shares of FMC from $78.00 to $81.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. KeyCorp cut their target price on shares of FMC from $81.00 to $79.00 and set an "overweight" rating for the company in a research note on Friday, August 2nd. Barclays raised their price target on FMC from $62.00 to $65.00 and gave the company an "equal weight" rating in a report on Monday, August 5th. Finally, Citigroup began coverage on FMC in a report on Wednesday, October 23rd. They issued a "neutral" rating and a $67.00 price target for the company. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, FMC has a consensus rating of "Hold" and an average price target of $68.00.

FMC Trading Up 0.1 %

Shares of NYSE:FMC traded up $0.08 during mid-day trading on Friday, reaching $60.92. The stock had a trading volume of 145,118 shares, compared to its average volume of 1,683,408. The firm has a 50 day simple moving average of $62.97 and a two-hundred day simple moving average of $61.04. FMC Co. has a twelve month low of $49.49 and a twelve month high of $68.72. The firm has a market cap of $7.61 billion, a PE ratio of 5.24, a price-to-earnings-growth ratio of 1.67 and a beta of 0.85. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.65.

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

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