Russell Investments Group Ltd. Has $39.83 Million Position in FMC Corporation (FMC)
Russell Investments Group Ltd. lowered its holdings in FMC Corporation (NYSE:FMC) by 39.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 446,030 shares of the basic materials company’s stock after selling 291,623 shares during the period. Russell Investments Group Ltd. owned about 0.33% of FMC Corporation worth $39,834,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Gabelli Funds LLC boosted its holdings in FMC Corporation by 1.8% in the third quarter. Gabelli Funds LLC now owns 34,600 shares of the basic materials company’s stock valued at $3,090,000 after purchasing an additional 600 shares during the last quarter. Hanseatic Management Services Inc. boosted its holdings in FMC Corporation by 13.3% in the second quarter. Hanseatic Management Services Inc. now owns 14,350 shares of the basic materials company’s stock valued at $1,048,000 after purchasing an additional 1,688 shares during the last quarter. Advisor Partners LLC purchased a new position in FMC Corporation in the third quarter valued at about $216,000. Aperio Group LLC boosted its holdings in FMC Corporation by 5.7% in the second quarter. Aperio Group LLC now owns 46,329 shares of the basic materials company’s stock valued at $3,384,000 after purchasing an additional 2,485 shares during the last quarter. Finally, Oakbrook Investments LLC boosted its holdings in FMC Corporation by 27.9% in the third quarter. Oakbrook Investments LLC now owns 13,290 shares of the basic materials company’s stock valued at $1,187,000 after purchasing an additional 2,900 shares during the last quarter. 90.67% of the stock is owned by hedge funds and other institutional investors.
In other news, VP Andrea E. Utecht sold 14,174 shares of the stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $84.00, for a total transaction of $1,190,616.00. Following the sale, the vice president now directly owns 131,639 shares in the company, valued at approximately $11,057,676. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by corporate insiders.
Shares of FMC Corporation (NYSE FMC) traded down $0.27 during trading on Tuesday, hitting $92.67. The stock had a trading volume of 865,500 shares, compared to its average volume of 1,290,603. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.19 and a quick ratio of 1.81. The firm has a market cap of $12,478.29, a PE ratio of 37.33, a price-to-earnings-growth ratio of 3.11 and a beta of 1.62. FMC Corporation has a fifty-two week low of $53.92 and a fifty-two week high of $95.25.
FMC Corporation (NYSE:FMC) last announced its quarterly earnings results on Monday, November 6th. The basic materials company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.07. The business had revenue of $646.20 million for the quarter, compared to analysts’ expectations of $686.21 million. FMC Corporation had a return on equity of 16.77% and a net margin of 0.78%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.67 EPS. research analysts forecast that FMC Corporation will post 2.65 EPS for the current year.
A number of research analysts recently commented on FMC shares. KeyCorp increased their price target on FMC Corporation from $98.00 to $105.00 and gave the company a “buy” rating in a report on Monday, October 16th. Royal Bank Of Canada increased their price target on FMC Corporation from $83.00 to $93.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Piper Jaffray Companies set a $85.00 price target on FMC Corporation and gave the company a “hold” rating in a report on Friday, October 6th. Zacks Investment Research downgraded FMC Corporation from a “strong-buy” rating to a “hold” rating in a report on Friday, November 10th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $100.00 price target on shares of FMC Corporation in a report on Friday, September 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $90.94.
FMC Corporation Company Profile
FMC Corporation is a diversified chemical company serving agricultural, consumer and industrial markets. The Company operates in three business segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. As of December 31, 2016, the FMC Agricultural Solutions segment developed, marketed and sold three classes of crop protection chemicals: insecticides, herbicides and fungicides.
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