Speece Thorson Capital Group Inc. Sells 794 Shares of FMC Co. (NYSE:FMC)

Speece Thorson Capital Group Inc. lowered its holdings in shares of FMC Co. (NYSE:FMC) by 0.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 423,815 shares of the basic materials company’s stock after selling 794 shares during the quarter. FMC accounts for about 5.2% of Speece Thorson Capital Group Inc.’s portfolio, making the stock its biggest position. Speece Thorson Capital Group Inc. owned about 0.34% of FMC worth $27,946,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of FMC. Texas Permanent School Fund Corp raised its position in shares of FMC by 4.6% during the first quarter. Texas Permanent School Fund Corp now owns 25,789 shares of the basic materials company’s stock worth $1,643,000 after purchasing an additional 1,128 shares during the period. US Bancorp DE raised its position in FMC by 8.7% in the 1st quarter. US Bancorp DE now owns 13,410 shares of the basic materials company’s stock valued at $854,000 after buying an additional 1,072 shares during the last quarter. Entropy Technologies LP raised its position in FMC by 72.0% in the 1st quarter. Entropy Technologies LP now owns 20,750 shares of the basic materials company’s stock valued at $1,322,000 after buying an additional 8,683 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in FMC by 11.3% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 13,862 shares of the basic materials company’s stock valued at $883,000 after buying an additional 1,411 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its position in FMC by 10.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 155,763 shares of the basic materials company’s stock valued at $9,922,000 after buying an additional 14,549 shares during the last quarter. Institutional investors and hedge funds own 91.86% of the company’s stock.

Analyst Ratings Changes

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

FMC Stock Performance

Shares of NYSE FMC traded up $0.14 during midday trading on Wednesday, hitting $56.08. 262,481 shares of the company’s stock were exchanged, compared to its average volume of 1,678,849. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.65. FMC Co. has a 12 month low of $50.03 and a 12 month high of $68.72. The company’s 50 day moving average price is $62.63 and its 200 day moving average price is $61.08. The firm has a market capitalization of $7.00 billion, a PE ratio of 4.81, a price-to-earnings-growth ratio of 1.56 and a beta of 0.85.

FMC (NYSE:FMC) 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 business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.04 billion. FMC had a return on equity of 7.68% and a net margin of 34.93%. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period last year, the firm posted $0.44 EPS. As a group, analysts predict that FMC Co. will post 3.35 earnings per share 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.