Alps Advisors Inc. Has $353,000 Stock Position in FMC Corp (NYSE:FMC)

Alps Advisors Inc. reduced its position in shares of FMC Corp (NYSE:FMC) by 58.9% in the 3rd quarter, Holdings Channel reports. The firm owned 4,026 shares of the basic materials company’s stock after selling 5,768 shares during the period. Alps Advisors Inc.’s holdings in FMC were worth $353,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of FMC by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 14,752,857 shares of the basic materials company’s stock worth $1,223,749,000 after acquiring an additional 146,378 shares during the last quarter. King Luther Capital Management Corp raised its holdings in shares of FMC by 6.2% in the 2nd quarter. King Luther Capital Management Corp now owns 2,881,885 shares of the basic materials company’s stock worth $239,052,000 after acquiring an additional 169,214 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of FMC by 87.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,450,192 shares of the basic materials company’s stock worth $203,243,000 after acquiring an additional 1,141,810 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of FMC by 17.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,514,273 shares of the basic materials company’s stock worth $125,820,000 after acquiring an additional 229,067 shares during the last quarter. Finally, Jennison Associates LLC raised its holdings in shares of FMC by 5.9% in the 2nd quarter. Jennison Associates LLC now owns 1,324,688 shares of the basic materials company’s stock worth $109,883,000 after acquiring an additional 73,611 shares during the last quarter. Institutional investors and hedge funds own 90.38% of the company’s stock.

In other news, COO Mark Douglas sold 22,390 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $89.83, for a total transaction of $2,011,293.70. Following the completion of the transaction, the chief operating officer now directly owns 60,584 shares of the company’s stock, valued at approximately $5,442,260.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Pierre R. Brondeau sold 24,738 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $96.88, for a total transaction of $2,396,617.44. Insiders have sold a total of 56,346 shares of company stock valued at $5,245,643 over the last three months. Insiders own 1.50% of the company’s stock.

FMC has been the topic of a number of analyst reports. Royal Bank of Canada upgraded shares of FMC from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $87.00 to $103.00 in a report on Friday, August 9th. SunTrust Banks set a $102.00 price objective on shares of FMC and gave the company a “buy” rating in a research note on Friday, November 1st. Nomura increased their price objective on shares of FMC from $93.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. BNP Paribas assumed coverage on shares of FMC in a research note on Wednesday, September 18th. They issued a “buy” rating and a $110.00 price objective for the company. Finally, Robert W. Baird upgraded shares of FMC from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $86.00 to $95.00 in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and fifteen have assigned a buy rating to the company’s stock. FMC has a consensus rating of “Buy” and an average price target of $99.41.

NYSE:FMC opened at $97.00 on Friday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.15 and a current ratio of 1.62. The firm has a market cap of $12.49 billion, a price-to-earnings ratio of 15.42, a price-to-earnings-growth ratio of 1.60 and a beta of 1.47. FMC Corp has a 52 week low of $69.36 and a 52 week high of $99.05. The firm has a 50-day moving average price of $87.43 and a two-hundred day moving average price of $83.70.

FMC (NYSE:FMC) last released its earnings results on Tuesday, October 29th. The basic materials company reported $0.94 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.14. FMC had a net margin of 11.08% and a return on equity of 27.94%. The firm had revenue of $1,000.00 million during the quarter, compared to the consensus estimate of $978.47 million. During the same period in the prior year, the firm earned $0.98 EPS. The company’s revenue was down 3.5% compared to the same quarter last year. As a group, sell-side analysts forecast that FMC Corp will post 5.86 earnings per share for the current year.

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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