Kempner Capital Management Inc. Makes New Investment in FMC Co. (NYSE:FMC)

Kempner Capital Management Inc. purchased a new stake in FMC Co. (NYSE:FMC - Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 21,302 shares of the basic materials company's stock, valued at approximately $1,405,000.

A number of other large investors also recently added to or reduced their stakes in FMC. U S Global Investors Inc. acquired a new stake in FMC during the third quarter worth approximately $429,000. Calton & Associates Inc. increased its holdings in FMC by 74.4% in the third quarter. Calton & Associates Inc. now owns 6,330 shares of the basic materials company's stock worth $417,000 after purchasing an additional 2,700 shares in the last quarter. Jade Capital Advisors LLC raised its position in shares of FMC by 104.2% during the third quarter. Jade Capital Advisors LLC now owns 49,000 shares of the basic materials company's stock worth $3,231,000 after purchasing an additional 25,000 shares during the period. Everence Capital Management Inc. bought a new stake in shares of FMC in the 3rd quarter worth $423,000. Finally, Claro Advisors LLC purchased a new position in FMC in the third quarter valued at about $113,000. 91.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Redburn Atlantic upgraded shares of FMC from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 19th. Barclays raised their price objective on FMC from $62.00 to $65.00 and gave the company an "equal weight" rating in a research report on Monday, August 5th. JPMorgan Chase & Co. increased their price objective on FMC from $50.00 to $59.00 and gave the company a "neutral" rating in a research report on Monday, August 12th. 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 report on Friday, August 2nd. Finally, Wells Fargo & Company dropped their target price on shares of FMC from $68.00 to $62.00 and set an "equal weight" rating for the company in a research report on Tuesday, July 16th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, FMC currently has a consensus rating of "Hold" and a consensus target price of $66.64.

FMC Stock Up 0.1 %

Shares of NYSE:FMC traded up $0.05 during midday trading on Tuesday, reaching $62.38. The company had a trading volume of 628,245 shares, compared to its average volume of 1,713,012. FMC Co. has a 1-year low of $49.49 and a 1-year high of $68.72. The stock has a market cap of $7.79 billion, a PE ratio of 6.96, a P/E/G ratio of 1.53 and a beta of 0.85. The company has a quick ratio of 1.07, a current ratio of 1.48 and a debt-to-equity ratio of 0.66. The business's 50 day moving average price is $63.32 and its 200 day moving average price is $60.72.

FMC (NYSE:FMC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.08. The business had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $1.03 billion. FMC had a return on equity of 7.52% and a net margin of 33.97%. FMC's quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the company posted $0.50 earnings per share. Research analysts forecast that FMC Co. will post 3.4 EPS 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.