First Trust Advisors LP grew its position in FMC Corp (NYSE:FMC) by 5,163.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 175,112 shares of the basic materials company’s stock after acquiring an additional 171,785 shares during the period. First Trust Advisors LP owned about 0.13% of FMC worth $15,266,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of FMC. Boston Partners raised its position in shares of FMC by 29.2% in the second quarter. Boston Partners now owns 4,220,507 shares of the basic materials company’s stock worth $376,511,000 after acquiring an additional 953,377 shares during the period. Frontier Capital Management Co. LLC raised its position in shares of FMC by 34.3% in 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 acquiring an additional 549,475 shares during the period. Green Valley Investors LLC acquired a new position in shares of FMC in the second quarter worth about $32,693,000. Millennium Management LLC raised its position in shares of FMC by 124.3% in the second quarter. Millennium Management LLC now owns 630,703 shares of the basic materials company’s stock worth $56,265,000 after acquiring an additional 349,495 shares during the period. Finally, Segall Bryant & Hamill LLC raised its position in shares of FMC by 157.8% in the second quarter. Segall Bryant & Hamill LLC now owns 563,546 shares of the basic materials company’s stock worth $50,274,000 after acquiring an additional 344,986 shares during the period. Institutional investors and hedge funds own 89.77% of the company’s stock.

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

FMC opened at $83.57 on Friday. FMC Corp has a twelve month low of $72.73 and a twelve month 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. The stock has a market cap of $11.30 billion, a P/E ratio of 14.73, a P/E/G ratio of 0.75 and a beta of 1.60.

FMC (NYSE:FMC) last released its quarterly earnings results on Monday, November 5th. The basic materials company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.06. FMC had a net margin of 22.28% and a return on equity of 26.26%. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the firm earned $0.70 EPS. The company’s revenue for the quarter was up 60.4% on a year-over-year basis. On average, sell-side analysts expect that FMC Corp will post 6.03 earnings per share for the current fiscal year.

A number of research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of FMC from a “buy” rating to a “hold” rating in a research report on Thursday, July 19th. ValuEngine downgraded shares of FMC from a “hold” rating to a “sell” rating in a research report on Wednesday, October 17th. Loop Capital assumed coverage on shares of FMC in a research report on Friday. They issued a “buy” rating and a $118.00 price objective for the company. Credit Suisse Group assumed coverage on shares of FMC in a research report on Monday, November 5th. They issued an “outperform” rating and a $103.00 price objective for the company. Finally, Citigroup assumed coverage on shares of FMC in a research report on Monday, November 5th. They issued a “buy” rating and a $92.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. FMC presently has a consensus rating of “Buy” and an average target price of $101.42.

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FMC Profile

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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