Campbell & CO Investment Adviser LLC lifted its stake in shares of FMC Co. (NYSE:FMC) by 77.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,348 shares of the basic materials company’s stock after purchasing an additional 1,900 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in FMC were worth $460,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Flagship Harbor Advisors LLC acquired a new stake in shares of FMC during the second quarter worth $37,000. Lindbrook Capital LLC raised its position in shares of FMC by 3,980.0% during the second quarter. Lindbrook Capital LLC now owns 408 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 398 shares during the period. Citizens Financial Group Inc RI raised its position in shares of FMC by 186.8% during the second quarter. Citizens Financial Group Inc RI now owns 975 shares of the basic materials company’s stock worth $98,000 after purchasing an additional 635 shares during the period. San Francisco Sentry Investment Group CA raised its position in FMC by 112.3% during the second quarter. San Francisco Sentry Investment Group CA now owns 981 shares of the basic materials company’s stock valued at $98,000 after buying an additional 519 shares during the period. Finally, Federated Hermes Inc. raised its position in FMC by 142.6% during the first quarter. Federated Hermes Inc. now owns 1,099 shares of the basic materials company’s stock valued at $90,000 after buying an additional 646 shares during the period. 88.35% of the stock is currently owned by institutional investors.
Several research firms recently weighed in on FMC. Credit Suisse Group upped their price target on FMC from $127.00 to $128.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. ValuEngine raised FMC from a “sell” rating to a “hold” rating in a research report on Friday, August 7th. KeyCorp upped their price target on FMC from $108.00 to $119.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Truist Financial upped their price target on FMC from $106.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. They noted that the move was a valuation call. Finally, UBS Group began coverage on FMC in a research report on Thursday, September 17th. They set a “buy” rating and a $127.00 price target on the stock. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $115.25.
FMC opened at $108.91 on Friday. The company has a market cap of $14.11 billion, a PE ratio of 29.76, a price-to-earnings-growth ratio of 1.61 and a beta of 1.09. The stock has a 50-day moving average of $107.72 and a 200-day moving average of $99.89. FMC Co. has a 52-week low of $56.77 and a 52-week high of $113.73. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.17 and a current ratio of 1.60.
FMC (NYSE:FMC) last released its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.06. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.21 billion. FMC had a return on equity of 30.31% and a net margin of 10.35%. The firm’s revenue was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.66 EPS. On average, research analysts predict that FMC Co. will post 6.46 earnings per share for the current year.
FMC Corporation, an agricultural sciences company, provides crop protection, plant health, and professional pest and turf management products. The company develop, markets, and sells crop protection chemicals, which include insecticides, herbicides, and fungicides that are used in agriculture to enhance crop yield and quality by controlling a range of insects, weeds, and disease, as well as in non-agricultural markets for pest control.
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