Fairmount Santrol (FMSA) Stock Rating Upgraded by Zacks Investment Research

Fairmount Santrol (NYSE:FMSA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

According to Zacks, “Fairmount Santrol Holdings Inc. provides sand and sand-based products used by oil and gas exploration and production companies to enhance the productivity of their wells. Its operating segment consists of Proppant Solutions and Industrial and Recreational Products. Proppant Solutions segment provides sand-based proppants for use in hydraulic fracturing operations. I&R segment provides raw, coated and custom blended sands to the foundry, building products, glass, turf and landscape and filtration industries. Fairmount Santrol Holdings Inc., formerly known as FMSA Holdings Inc., is headquartered in Chesterland, Ohio. “

Several other equities analysts have also commented on FMSA. Wells Fargo & Co lowered Fairmount Santrol from an “outperform” rating to a “market perform” rating in a research note on Monday, October 16th. BidaskClub lowered Fairmount Santrol from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Cowen set a $6.00 price target on Fairmount Santrol and gave the company a “buy” rating in a research note on Wednesday, October 18th. Credit Suisse Group upped their price target on Fairmount Santrol from $4.00 to $5.00 and gave the company a “neutral” rating in a research note on Friday, November 3rd. Finally, Royal Bank of Canada set a $6.00 target price on Fairmount Santrol and gave the stock a “buy” rating in a research note on Sunday, November 12th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and ten have given a buy rating to the company. Fairmount Santrol currently has an average rating of “Hold” and a consensus target price of $5.95.

Shares of Fairmount Santrol (NYSE:FMSA) traded up $0.02 during trading on Tuesday, hitting $4.77. The stock had a trading volume of 1,840,000 shares, compared to its average volume of 3,060,000. Fairmount Santrol has a twelve month low of $2.46 and a twelve month high of $13.02. The firm has a market cap of $1,070.00, a price-to-earnings ratio of 95.40 and a beta of 2.05. The company has a current ratio of 2.52, a quick ratio of 2.11 and a debt-to-equity ratio of 2.65.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Hartland & Co. LLC lifted its stake in Fairmount Santrol by 6.5% during the 3rd quarter. Hartland & Co. LLC now owns 14,428,795 shares of the industrial products company’s stock worth $68,970,000 after acquiring an additional 875,446 shares in the last quarter. Vanguard Group Inc. increased its holdings in Fairmount Santrol by 6.0% during the 2nd quarter. Vanguard Group Inc. now owns 12,863,759 shares of the industrial products company’s stock worth $50,169,000 after purchasing an additional 731,359 shares during the period. ING Groep NV purchased a new stake in Fairmount Santrol during the 3rd quarter worth about $24,846,000. State Street Corp increased its holdings in Fairmount Santrol by 50.9% during the 2nd quarter. State Street Corp now owns 4,569,533 shares of the industrial products company’s stock worth $17,820,000 after purchasing an additional 1,540,859 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its holdings in Fairmount Santrol by 4.6% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,970,526 shares of the industrial products company’s stock worth $20,766,000 after purchasing an additional 173,136 shares during the period. 73.45% of the stock is currently owned by hedge funds and other institutional investors.

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About Fairmount Santrol

Fairmount Santrol Holdings Inc is a provider of sand-based proppant solutions. The Company operates through two segments: Proppant Solutions, and Industrial & Recreational (I&R) Products. Its Proppant Solutions segment provides sand-based proppants for use in hydraulic fracturing operations throughout the United States and Canada, Argentina, Mexico, China, northern Europe and the United Arab Emirates.

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