Legal & General Group Plc Boosts Stake in FMC Corporation (FMC)

Legal & General Group Plc lifted its holdings in FMC Corporation (NYSE:FMC) by 2.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 673,069 shares of the basic materials company’s stock after buying an additional 14,836 shares during the period. Legal & General Group Plc owned about 0.50% of FMC worth $60,107,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. New York State Common Retirement Fund increased its holdings in shares of FMC by 7.1% in the 2nd quarter. New York State Common Retirement Fund now owns 327,500 shares of the basic materials company’s stock worth $23,924,000 after buying an additional 21,799 shares during the last quarter. Nationwide Fund Advisors increased its holdings in shares of FMC by 12.0% in the 3rd quarter. Nationwide Fund Advisors now owns 278,929 shares of the basic materials company’s stock worth $24,911,000 after buying an additional 29,858 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of FMC by 7.8% in the 2nd quarter. Rhumbline Advisers now owns 268,991 shares of the basic materials company’s stock worth $19,650,000 after buying an additional 19,430 shares during the last quarter. Sandhill Capital Partners LLC grew its holdings in FMC by 4.0% during the 2nd quarter. Sandhill Capital Partners LLC now owns 244,848 shares of the basic materials company’s stock valued at $17,886,000 after purchasing an additional 9,407 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in FMC by 4.2% during the 3rd quarter. Canada Pension Plan Investment Board now owns 228,373 shares of the basic materials company’s stock valued at $20,396,000 after purchasing an additional 9,303 shares during the last quarter. Hedge funds and other institutional investors own 89.34% of the company’s stock.

Several equities analysts recently commented on the stock. Jefferies Group reiterated a “buy” rating and set a $108.00 price target on shares of FMC in a report on Thursday, October 12th. Credit Suisse Group reiterated an “outperform” rating and set a $102.00 price target (up from $93.00) on shares of FMC in a report on Wednesday, November 8th. Piper Jaffray Companies reiterated a “hold” rating and set a $92.00 price target on shares of FMC in a report on Friday, November 10th. Nomura upped their price target on shares of FMC from $97.00 to $106.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. Finally, Susquehanna Bancshares upped their price target on shares of FMC from $86.00 to $100.00 and gave the company a “positive” rating in a report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the company’s stock. FMC presently has an average rating of “Buy” and a consensus target price of $92.27.

Shares of FMC Corporation (FMC) opened at $90.46 on Tuesday. The stock has a market cap of $12,611.21, a PE ratio of 37.72, a price-to-earnings-growth ratio of 3.15 and a beta of 1.61. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.19 and a quick ratio of 1.81. FMC Corporation has a 52-week low of $55.79 and a 52-week high of $95.25.

FMC (NYSE:FMC) last released its quarterly earnings data on Monday, November 6th. The basic materials company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.07. The company had revenue of $646.20 million during the quarter, compared to analysts’ expectations of $686.21 million. FMC had a net margin of 0.78% and a return on equity of 16.77%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.67 EPS. equities research analysts anticipate that FMC Corporation will post 2.65 earnings per share for the current year.

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FMC 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.

Institutional Ownership by Quarter for FMC (NYSE:FMC)

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