Russell Investments Group Ltd. Has $18.63 Million Holdings in FMC Corp (FMC)

Russell Investments Group Ltd. raised its position in shares of FMC Corp (NYSE:FMC) by 19.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 213,689 shares of the basic materials company’s stock after buying an additional 34,251 shares during the period. Russell Investments Group Ltd.’s holdings in FMC were worth $18,630,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in FMC by 1.6% during the second quarter. BlackRock Inc. now owns 9,035,632 shares of the basic materials company’s stock worth $806,069,000 after buying an additional 143,241 shares in the last quarter. Boston Partners boosted its stake in FMC by 29.2% during the second quarter. Boston Partners now owns 4,220,507 shares of the basic materials company’s stock worth $376,511,000 after buying an additional 953,377 shares in the last quarter. King Luther Capital Management Corp boosted its stake in FMC by 2.9% during the second quarter. King Luther Capital Management Corp now owns 2,483,582 shares of the basic materials company’s stock worth $221,560,000 after buying an additional 69,370 shares in the last quarter. Northern Trust Corp boosted its stake in FMC by 7.0% during the second quarter. Northern Trust Corp now owns 2,427,168 shares of the basic materials company’s stock worth $216,528,000 after buying an additional 158,579 shares in the last quarter. Finally, Frontier Capital Management Co. LLC boosted its stake in FMC by 34.3% during the second quarter. Frontier Capital Management Co. LLC now owns 2,153,223 shares of the basic materials company’s stock worth $192,089,000 after buying an additional 549,475 shares in the last quarter. 89.77% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE FMC opened at $83.94 on Thursday. The firm has a market cap of $11.26 billion, a price-to-earnings ratio of 30.97, a P/E/G ratio of 0.75 and a beta of 1.60. FMC Corp has a 52-week low of $72.73 and a 52-week high of $98.70. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.54 and a quick ratio of 1.24.

FMC (NYSE:FMC) last issued its quarterly earnings data on Monday, November 5th. The basic materials company reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.06. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.01 billion. FMC had a return on equity of 26.26% and a net margin of 22.28%. The business’s revenue was up 60.4% on a year-over-year basis. During the same period last year, the business earned $0.70 earnings per share. As a group, sell-side analysts predict that FMC Corp will post 6.05 earnings per share for the current year.

In other FMC news, Director Dirk A. Kempthorne purchased 1,173 shares of the business’s stock in a transaction that occurred on Tuesday, August 28th. The stock was acquired at an average cost of $86.12 per share, with a total value of $101,018.76. Following the completion of the acquisition, the director now directly owns 35,783 shares of the company’s stock, valued at approximately $3,081,631.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Mark Douglas purchased 4,250 shares of the business’s stock in a transaction that occurred on Tuesday, August 14th. The stock was acquired at an average cost of $86.13 per share, with a total value of $366,052.50. Following the completion of the acquisition, the chief operating officer now directly owns 59,943 shares of the company’s stock, valued at $5,162,890.59. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by company insiders.

A number of equities research analysts have weighed in on FMC shares. Nomura lifted their price target on shares of FMC from $100.00 to $106.00 and gave the stock a “buy” rating in a research note on Wednesday, July 11th. Credit Suisse Group started coverage on shares of FMC in a research note on Monday. They set an “outperform” rating and a $103.00 price target on the stock. ValuEngine downgraded shares of FMC from a “hold” rating to a “sell” rating in a research note on Wednesday, October 17th. Citigroup started coverage on shares of FMC in a research note on Monday. They set a “buy” rating and a $92.00 price target on the stock. Finally, Zacks Investment Research downgraded shares of FMC from a “buy” rating to a “hold” rating in a research note on Thursday, July 19th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $102.15.

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About FMC

FMC Corporation, a diversified chemical company, provides solutions, applications, and products for the agricultural, consumer, and industrial markets worldwide. The company operates in two segments, FMC Agricultural Solutions and FMC Lithium. The FMC Agricultural Solutions segment develops, manufactures, markets, and sells crop protection chemicals, including insecticides, herbicides, and fungicides that 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.

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Institutional Ownership by Quarter for FMC (NYSE:FMC)

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