Impax Asset Management Group plc Purchases New Holdings in FMC Co. (NYSE:FMC)

Impax Asset Management Group plc acquired a new position in shares of FMC Co. (NYSE:FMC - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 10,327 shares of the basic materials company's stock, valued at approximately $681,000.

A number of other hedge funds also recently added to or reduced their stakes in FMC. Mather Group LLC. lifted its holdings 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 valued at $37,000 after buying an additional 396 shares during the period. LRI Investments LLC purchased a new position in FMC in the 1st quarter valued at approximately $39,000. UMB Bank n.a. increased its stake 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 purchasing an additional 246 shares in the last quarter. Sentry Investment Management LLC purchased a new position in FMC in the 1st quarter valued at approximately $45,000. Finally, EntryPoint Capital LLC increased its stake in FMC by 1,282.3% in the 1st quarter. EntryPoint Capital LLC now owns 857 shares of the basic materials company's stock valued at $55,000 after purchasing an additional 795 shares in the last quarter. 91.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on FMC shares. Barclays raised their price objective on FMC from $62.00 to $65.00 and gave the company an "equal weight" rating in a research note on Monday, August 5th. Mizuho raised their price objective on FMC from $64.00 to $70.00 and gave the company a "neutral" rating in a research note on Friday, November 1st. KeyCorp dropped their price objective on FMC from $81.00 to $79.00 and set an "overweight" rating for the company in a research note on Friday, August 2nd. JPMorgan Chase & Co. raised their price objective on FMC from $50.00 to $59.00 and gave the company a "neutral" rating in a research note on Monday, August 12th. Finally, Royal Bank of Canada raised their price target 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 assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $68.00.

FMC Trading Down 0.1 %

FMC stock traded down $0.09 during midday trading on Thursday, reaching $60.84. The stock had a trading volume of 1,372,575 shares, compared to its average volume of 1,690,530. FMC Co. has a twelve month low of $49.49 and a twelve month high of $68.72. The stock has a market capitalization of $7.60 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 debt-to-equity ratio of 0.65, a quick ratio of 1.09 and a current ratio of 1.48. The stock's 50-day simple moving average is $63.06 and its 200 day simple moving average is $61.04.

FMC (NYSE:FMC - Get Free Report) last issued its earnings results on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share for the quarter, beating 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 firm had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1.04 billion. During the same quarter last year, the firm earned $0.44 earnings per share. The firm's revenue for the quarter was up 8.5% compared to the same quarter last year. Analysts expect that FMC Co. will post 3.35 EPS for the current year.

FMC Company 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.