Transcendent Capital Group LLC Invests $578,000 in FMC Co. (NYSE:FMC)

Transcendent Capital Group LLC purchased a new stake in shares of FMC Co. (NYSE:FMC - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 8,758 shares of the basic materials company's stock, valued at approximately $578,000.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in FMC by 5.3% during the first quarter. Vanguard Group Inc. now owns 15,290,219 shares of the basic materials company's stock valued at $973,987,000 after buying an additional 768,432 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in FMC by 35.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,061,828 shares of the basic materials company's stock worth $322,439,000 after purchasing an additional 1,316,133 shares during the last quarter. AQR Capital Management LLC lifted its holdings in FMC by 317.7% in the 2nd quarter. AQR Capital Management LLC now owns 1,099,389 shares of the basic materials company's stock worth $63,160,000 after purchasing an additional 836,179 shares during the last quarter. Russell Investments Group Ltd. boosted its position in FMC by 11.6% during the first quarter. Russell Investments Group Ltd. now owns 903,274 shares of the basic materials company's stock worth $57,538,000 after purchasing an additional 93,892 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in FMC by 2.1% during the second quarter. Bank of New York Mellon Corp now owns 858,129 shares of the basic materials company's stock valued at $49,385,000 after purchasing an additional 17,381 shares during the last quarter. Institutional investors own 91.86% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on FMC. BMO Capital Markets upped their price objective on shares of FMC from $60.00 to $65.00 and gave the stock a "market perform" rating in a report on Friday, August 2nd. Royal Bank of Canada upped their price target on shares of FMC from $78.00 to $81.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Barclays lifted their price objective on FMC from $62.00 to $65.00 and gave the stock an "equal weight" rating in a research note on Monday, August 5th. Mizuho increased their target price on FMC from $64.00 to $70.00 and gave the company a "neutral" rating in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. raised their target price on FMC from $50.00 to $59.00 and gave the company a "neutral" rating in a report on Monday, August 12th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, FMC currently has a consensus rating of "Hold" and a consensus target price of $68.00.

FMC Price Performance

Shares of FMC stock traded down $1.14 during trading on Friday, hitting $59.70. 1,037,673 shares of the company's stock traded hands, compared to its average volume of 1,089,998. FMC Co. has a twelve month low of $49.49 and a twelve month high of $68.72. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.48 and a quick ratio of 1.09. The company has a market cap of $7.45 billion, a PE ratio of 5.14, a PEG ratio of 1.60 and a beta of 0.85. The firm's fifty day moving average price is $62.87 and its 200 day moving average price is $61.09.

FMC (NYSE:FMC - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.20. The company 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 was up 8.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.44 EPS. Analysts forecast that FMC Co. will post 3.35 earnings per share 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.