KG&L Capital Management LLC Sells 1,275 Shares of FMC Co. (NYSE:FMC)

KG&L Capital Management LLC lowered its holdings in shares of FMC Co. (NYSE:FMC) by 23.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,195 shares of the basic materials company’s stock after selling 1,275 shares during the period. KG&L Capital Management LLC’s holdings in FMC were worth $277,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mather Group LLC. grew its holdings in shares of FMC by 250.6% during the 3rd 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 during the last quarter. LRI Investments LLC bought a new position in shares of FMC during the 1st quarter valued at $39,000. UMB Bank n.a. grew its holdings in FMC by 56.9% in the 2nd quarter. UMB Bank n.a. now owns 678 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 246 shares during the last quarter. Sentry Investment Management LLC bought a new stake in FMC in the 1st quarter worth $45,000. Finally, EntryPoint Capital LLC grew its holdings in FMC by 1,282.3% in the 1st quarter. EntryPoint Capital LLC now owns 857 shares of the basic materials company’s stock worth $55,000 after acquiring an additional 795 shares during the last quarter. Institutional investors own 91.86% of the company’s stock.

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 quick ratio of 1.07 and a current ratio of 1.48. The stock has a market capitalization of $7.92 billion, a PE ratio of 5.46, a price-to-earnings-growth ratio of 1.66 and a beta of 0.85. FMC Co. has a 52-week low of $49.49 and a 52-week high of $68.72. The company has a 50-day simple moving average of $63.21 and a two-hundred day simple moving average of $60.96.

FMC (NYSE:FMC) last released its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share for the quarter, beating 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 firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the previous year, the company earned $0.44 earnings per share. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. On average, analysts anticipate that FMC Co. will post 3.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on FMC shares. Wells Fargo & Company cut their price target on shares of FMC from $68.00 to $62.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 16th. Barclays raised their price target on shares of FMC from $62.00 to $65.00 and gave the stock an “equal weight” rating in a report on Monday, August 5th. JPMorgan Chase & Co. raised their price target on shares of FMC from $50.00 to $59.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Redburn Atlantic raised shares of FMC from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 19th. Finally, Citigroup initiated coverage on shares of FMC in a research note on Wednesday, October 23rd. They set a “neutral” rating and a $67.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, FMC has an average rating of “Hold” and an average 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.