Greenwood Capital Associates LLC Has $875,000 Position in FMC Co. (NYSE:FMC)

Greenwood Capital Associates LLC increased its position in shares of FMC Co. (NYSE:FMC) by 5.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 13,271 shares of the basic materials company’s stock after purchasing an additional 701 shares during the quarter. Greenwood Capital Associates LLC’s holdings in FMC were worth $875,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Impax Asset Management Group plc acquired a new stake in FMC during the 3rd quarter worth approximately $681,000. Asset Management One Co. Ltd. raised its holdings in FMC by 13.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 2,809 shares of the basic materials company’s stock valued at $185,000 after acquiring an additional 330 shares in the last quarter. Old North State Wealth Management LLC acquired a new position in FMC in the 3rd quarter valued at $2,989,000. Pallas Capital Advisors LLC raised its holdings in FMC by 26.7% in the 3rd quarter. Pallas Capital Advisors LLC now owns 10,102 shares of the basic materials company’s stock valued at $621,000 after acquiring an additional 2,129 shares in the last quarter. Finally, Hunter Associates Investment Management LLC acquired a new position in FMC in the 3rd quarter valued at $201,000. 91.86% of the stock is owned by institutional investors and hedge funds.

FMC Trading Up 0.3 %

NYSE FMC opened at $63.63 on Wednesday. The business’s 50-day moving average price is $63.17 and its two-hundred day moving average price is $61.00. 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 $7.94 billion, a PE ratio of 5.48, a price-to-earnings-growth ratio of 1.66 and a beta of 0.85. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.65.

FMC (NYSE:FMC) last released its quarterly earnings results on Tuesday, October 29th. The basic materials company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.20. FMC had a return on equity of 7.68% and a net margin of 34.93%. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the previous year, the company posted $0.44 EPS. The business’s revenue was up 8.5% on a year-over-year basis. On average, analysts expect that FMC Co. will post 3.35 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on FMC. JPMorgan Chase & Co. lifted their price objective on FMC from $50.00 to $59.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Citigroup began coverage on FMC in a report on Wednesday, October 23rd. They set a “neutral” rating and a $67.00 price target for the company. Redburn Atlantic raised FMC from a “hold” rating to a “strong-buy” rating in a report on Friday, July 19th. Barclays boosted their price objective on FMC from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Monday, August 5th. Finally, KeyCorp reduced their price objective on FMC from $81.00 to $79.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, ten have issued 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 company has a consensus rating of “Hold” and a consensus price target of $68.00.

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.