FMC Co. (NYSE:FMC) Shares Purchased by New South Capital Management Inc.

New South Capital Management Inc. increased its position in shares of FMC Co. (NYSE:FMC - Free Report) by 1.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 665,979 shares of the basic materials company's stock after acquiring an additional 9,834 shares during the period. FMC comprises about 1.8% of New South Capital Management Inc.'s portfolio, making the stock its 23rd biggest position. New South Capital Management Inc. owned about 0.53% of FMC worth $43,915,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mather Group LLC. lifted its stake in FMC by 250.6% during the third quarter. Mather Group LLC. now owns 554 shares of the basic materials company's stock worth $37,000 after purchasing an additional 396 shares during the last quarter. LRI Investments LLC acquired a new stake in FMC in the first quarter valued at approximately $39,000. UMB Bank n.a. lifted its position in FMC by 56.9% during the second quarter. UMB Bank n.a. now owns 678 shares of the basic materials company's stock valued at $39,000 after purchasing an additional 246 shares during the period. Sentry Investment Management LLC acquired a new position in FMC during the first quarter worth about $45,000. Finally, EntryPoint Capital LLC lifted its holdings in shares of FMC by 1,282.3% in the 1st quarter. EntryPoint Capital LLC now owns 857 shares of the basic materials company's stock worth $55,000 after acquiring an additional 795 shares during the last quarter. Institutional investors own 91.86% of the company's stock.

FMC Price Performance

Shares of FMC traded down $3.15 during midday trading on Tuesday, hitting $55.94. The company's stock had a trading volume of 2,024,584 shares, compared to its average volume of 1,685,461. The stock has a market capitalization of $6.98 billion, a price-to-earnings ratio of 4.81, a price-to-earnings-growth ratio of 1.57 and a beta of 0.85. FMC Co. has a one year low of $50.03 and a one year high of $68.72. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.65. The company's fifty day simple moving average is $62.76 and its two-hundred day simple moving average is $61.09.

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

Wall Street Analysts Forecast Growth

FMC has been the topic of several recent research reports. BMO Capital Markets boosted their price objective on shares of FMC from $60.00 to $65.00 and gave the company a "market perform" rating in a research report on Friday, August 2nd. KeyCorp lowered their price target on FMC from $81.00 to $79.00 and set an "overweight" rating on the stock in a research note on Friday, August 2nd. Redburn Atlantic upgraded shares of FMC from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 19th. JPMorgan Chase & Co. raised their target price on shares of FMC from $50.00 to $59.00 and gave the stock a "neutral" rating in a report on Monday, August 12th. Finally, Royal Bank of Canada lifted their price objective on FMC from $78.00 to $81.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, ten have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $68.00.

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.