Claro Advisors LLC Makes New Investment in FMC Co. (NYSE:FMC)

Claro Advisors LLC purchased a new position in shares of FMC Co. (NYSE:FMC) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,710 shares of the basic materials company’s stock, valued at approximately $113,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Riverview Trust Co acquired a new position in shares of FMC during the first quarter worth approximately $27,000. Benjamin F. Edwards & Company Inc. raised its position in shares of FMC by 114.3% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 568 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 303 shares during the period. Mather Group LLC. raised its position in shares of FMC by 250.6% during the third quarter. Mather Group LLC. now owns 554 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 396 shares during the period. LRI Investments LLC purchased a new stake in FMC in the 1st quarter valued at $39,000. Finally, UMB Bank n.a. raised its position in FMC by 56.9% in 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. 91.86% of the stock is currently owned by institutional investors.

FMC Stock Up 0.3 %

FMC stock opened at $62.69 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.07 and a current ratio of 1.48. The company has a market capitalization of $7.82 billion, a price-to-earnings ratio of 7.00, a PEG ratio of 1.53 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 stock has a fifty day moving average of $63.27 and a 200-day moving average of $60.70.

FMC (NYSE:FMC) last issued its earnings results on Wednesday, July 31st. The basic materials company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.55 by $0.08. FMC had a return on equity of 7.52% and a net margin of 33.97%. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the company earned $0.50 EPS. The firm’s revenue was up 2.4% compared to the same quarter last year. As a group, equities research analysts predict that FMC Co. will post 3.4 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FMC. Barclays increased their price target on FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a research report on Monday, August 5th. Wells Fargo & Company lowered their price target on FMC from $68.00 to $62.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 16th. JPMorgan Chase & Co. raised their target price on FMC from $50.00 to $59.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Redburn Atlantic raised FMC from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 19th. Finally, KeyCorp decreased their target price on FMC from $81.00 to $79.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $66.64.

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.