WealthPlan Investment Management LLC Increases Stock Position in FMC Co. (NYSE:FMC)

WealthPlan Investment Management LLC raised its holdings in FMC Co. (NYSE:FMC - Free Report) by 43.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,442 shares of the basic materials company's stock after purchasing an additional 10,434 shares during the quarter. WealthPlan Investment Management LLC's holdings in FMC were worth $2,271,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Mather Group LLC. raised its stake in FMC by 250.6% during the 3rd quarter. Mather Group LLC. now owns 554 shares of the basic materials company's stock valued at $37,000 after acquiring an additional 396 shares during the last quarter. LRI Investments LLC acquired a new stake in FMC during the 1st quarter valued at $41,000. UMB Bank n.a. grew its holdings in FMC by 56.9% during 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 last quarter. Sentry Investment Management LLC acquired a new stake in FMC during the 1st quarter valued at $45,000. Finally, EntryPoint Capital LLC lifted its stake in shares of FMC by 1,282.3% during the 1st quarter. EntryPoint Capital LLC now owns 857 shares of the basic materials company's stock worth $55,000 after purchasing an additional 795 shares during the period. Hedge funds and other institutional investors own 91.86% of the company's stock.

FMC Stock Performance

Shares of FMC traded down $3.46 during trading hours on Tuesday, reaching $55.63. 583,431 shares of the company traded hands, compared to its average volume of 1,678,865. FMC Co. has a 12-month low of $50.03 and a 12-month 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 stock has a market capitalization of $6.94 billion, a P/E ratio of 5.09, a P/E/G ratio of 1.57 and a beta of 0.85. The business has a fifty day moving average price of $62.76 and a 200-day moving average price of $61.09.

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on FMC. KeyCorp cut their target price on FMC from $81.00 to $79.00 and set an "overweight" rating on the stock in a research report on Friday, August 2nd. Barclays boosted their target price on FMC from $62.00 to $65.00 and gave the stock an "equal weight" rating in a report on Monday, August 5th. Redburn Atlantic upgraded shares of FMC from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 19th. Mizuho boosted their price target on shares of FMC from $64.00 to $70.00 and gave the company a "neutral" rating in a report on Friday, November 1st. Finally, Wells Fargo & Company cut 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, ten have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently 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.