KG&L Capital Management LLC Decreases Stock Holdings in FMC Co. (NYSE:FMC)

KG&L Capital Management LLC decreased its holdings in shares of FMC Co. (NYSE:FMC) by 23.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,195 shares of the basic materials company’s stock after selling 1,275 shares during the quarter. KG&L Capital Management LLC’s holdings in FMC were worth $277,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Mather Group LLC. raised its stake in FMC by 250.6% during the third quarter. Mather Group LLC. now owns 554 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 396 shares in the last quarter. LRI Investments LLC purchased a new stake in shares of FMC in the first quarter valued at $39,000. UMB Bank n.a. raised its stake 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 during the period. Sentry Investment Management LLC purchased a new stake in shares of FMC in the first quarter valued at $45,000. Finally, EntryPoint Capital LLC raised its stake in shares of FMC by 1,282.3% in 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. Hedge funds and other institutional investors own 91.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Barclays increased their target price on shares of FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. Wells Fargo & Company reduced their target price on shares of FMC from $68.00 to $62.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 16th. JPMorgan Chase & Co. increased their target price on shares of FMC from $50.00 to $59.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. KeyCorp cut their price target on shares of FMC from $81.00 to $79.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Finally, Redburn Atlantic upgraded shares of FMC from a “hold” rating to a “strong-buy” rating in a report on Friday, July 19th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $68.00.

FMC Stock Up 0.5 %

Shares of FMC stock opened at $63.45 on Tuesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.48 and a quick ratio of 1.07. FMC Co. has a 1 year low of $49.49 and a 1 year high of $68.72. The firm’s 50-day moving average is $63.21 and its two-hundred day moving average is $60.96. The stock has a market cap of $7.92 billion, a price-to-earnings ratio of 5.46, a PEG ratio of 1.66 and a beta of 0.85.

FMC (NYSE:FMC) last issued its earnings results on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.20. FMC had a net margin of 34.93% and a return on equity of 7.68%. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the business earned $0.44 EPS. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. As a group, research analysts expect that FMC Co. will post 3.3 earnings per share for the current fiscal 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.