Everence Capital Management Inc. Makes New Investment in FMC Co. (NYSE:FMC)

Everence Capital Management Inc. bought a new position in FMC Co. (NYSE:FMC) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,420 shares of the basic materials company’s stock, valued at approximately $423,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Riverview Trust Co purchased a new stake in FMC during the 1st quarter valued at about $27,000. Mather Group LLC. grew its holdings 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 valued at $37,000 after buying an additional 396 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased 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 valued at $36,000 after acquiring an additional 303 shares in the last quarter. LRI Investments LLC purchased a new position in FMC in the 1st quarter worth approximately $41,000. Finally, UMB Bank n.a. lifted 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 acquiring an additional 246 shares in the last quarter. 91.86% of the stock is currently owned by institutional investors.

FMC Trading Down 0.6 %

FMC stock opened at $62.34 on Tuesday. FMC Co. has a 12-month low of $49.49 and a 12-month high of $68.72. The firm has a market capitalization of $7.78 billion, a price-to-earnings ratio of 6.96, a P/E/G ratio of 1.53 and a beta of 0.85. The firm has a 50 day moving average of $63.27 and a 200 day moving average of $60.70. The company has a current ratio of 1.48, a quick ratio of 1.07 and a debt-to-equity ratio of 0.66.

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

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Wells Fargo & Company reduced their target price on FMC from $68.00 to $62.00 and set an “equal weight” rating for the company in a report on Tuesday, July 16th. Barclays boosted their target price on FMC from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Monday, August 5th. KeyCorp dropped 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. BMO Capital Markets boosted their price objective on shares of FMC from $60.00 to $65.00 and gave the company a “market perform” rating 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 analyst has rated the stock with a sell rating, eleven have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently 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.