Financial Enhancement Group LLC Makes New $3.94 Million Investment in FMC Co. (NYSE:FMC)

Financial Enhancement Group LLC bought a new stake in shares of FMC Co. (NYSE:FMC) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 59,751 shares of the basic materials company’s stock, valued at approximately $3,940,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Mather Group LLC. grew its position in 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 in the last quarter. LRI Investments LLC acquired a new stake in shares of FMC in the 1st quarter worth approximately $39,000. UMB Bank n.a. boosted its holdings in shares of FMC by 56.9% in the second quarter. UMB Bank n.a. now owns 678 shares of the basic materials company’s stock valued at $39,000 after acquiring an additional 246 shares in the last quarter. Sentry Investment Management LLC bought a new position in shares of FMC in the first quarter valued at approximately $45,000. Finally, EntryPoint Capital LLC increased its stake in shares of FMC by 1,282.3% during the first quarter. EntryPoint Capital LLC now owns 857 shares of the basic materials company’s stock valued at $55,000 after acquiring an additional 795 shares during the period. 91.86% of the stock is currently owned by institutional investors and hedge funds.

FMC Trading Down 4.2 %

NYSE:FMC opened at $60.93 on Thursday. The stock has a market cap of $7.61 billion, a PE ratio of 5.24, a price-to-earnings-growth ratio of 1.67 and a beta of 0.85. FMC Co. has a fifty-two week low of $49.49 and a fifty-two week 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 stock’s 50-day moving average is $63.15 and its two-hundred day moving average is $61.04.

FMC (NYSE:FMC) last announced its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.20. The firm had revenue of $1.07 billion for 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 firm’s revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.44 earnings per share. As a group, equities research analysts forecast that FMC Co. will post 3.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FMC. Mizuho upped their price objective on FMC from $64.00 to $70.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Citigroup initiated coverage on shares of FMC in a report on Wednesday, October 23rd. They issued a “neutral” rating and a $67.00 target price on the stock. Wells Fargo & Company reduced their target price on shares of FMC from $68.00 to $62.00 and set an “equal weight” rating for the company in a report on Tuesday, July 16th. Barclays upped their price target on FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. Finally, JPMorgan Chase & Co. raised their price objective on FMC from $50.00 to $59.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target 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.