King Luther Capital Management Corp Has $105.67 Million Stock Position in FMC Co. (NYSE:FMC)

King Luther Capital Management Corp cut its holdings in shares of FMC Co. (NYSE:FMC) by 1.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,602,472 shares of the basic materials company’s stock after selling 31,344 shares during the period. King Luther Capital Management Corp owned approximately 1.28% of FMC worth $105,667,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. First Horizon Advisors Inc. raised its holdings in shares of FMC by 90.8% in the third quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 246 shares during the last quarter. Mather Group LLC. boosted its stake in shares of FMC by 250.6% in the 3rd quarter. Mather Group LLC. now owns 554 shares of the basic materials company’s stock worth $37,000 after buying an additional 396 shares during the last quarter. LRI Investments LLC bought a new position in shares of FMC in the first quarter valued at approximately $39,000. UMB Bank n.a. increased its position in shares of FMC by 56.9% during the second quarter. UMB Bank n.a. now owns 678 shares of the basic materials company’s stock valued at $39,000 after acquiring an additional 246 shares during the last quarter. Finally, Peterson Financial Group Inc. bought a new stake in FMC during the third quarter worth $51,000. Institutional investors and hedge funds own 91.86% of the company’s stock.

Insiders Place Their Bets

In other news, VP Jacqueline Scanlan sold 4,529 shares of FMC stock in a transaction on Monday, November 11th. The shares were sold at an average price of $59.67, for a total transaction of $270,245.43. Following the completion of the sale, the vice president now directly owns 28,649 shares of the company’s stock, valued at approximately $1,709,485.83. The trade was a 13.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.85% of the company’s stock.

FMC Stock Up 2.9 %

FMC stock opened at $57.20 on Thursday. FMC Co. has a twelve month low of $50.03 and a twelve month high of $68.72. The firm has a market capitalization of $7.14 billion, a PE ratio of 4.92, a PEG ratio of 1.46 and a beta of 0.85. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.65. The stock has a 50-day simple moving average of $61.91 and a two-hundred day simple moving average of $60.89.

FMC (NYSE:FMC) last posted its earnings results on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.20. FMC had a net margin of 34.93% and a return on equity of 7.68%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the prior year, the firm posted $0.44 EPS. FMC’s revenue was up 8.5% on a year-over-year basis. On average, equities analysts predict that FMC Co. will post 3.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FMC has been the subject of several research analyst reports. Barclays raised their target price on FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a research report on Monday, August 5th. Royal Bank of Canada lifted their price objective on shares of FMC from $78.00 to $81.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Citigroup initiated coverage on shares of FMC in a research report on Wednesday, October 23rd. They set a “neutral” rating and a $67.00 target price for the company. KeyCorp lowered their price target on shares of FMC from $81.00 to $79.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Finally, BMO Capital Markets increased their price objective on FMC from $60.00 to $65.00 and gave the company a “market perform” rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $68.00.

FMC Company Profile

FMC Corporation, an agricultural sciences company, provides crop protection, plant health, and professional pest and turf management products. It develops, markets, and sells crop protection chemicals that includes insecticides, herbicides, and fungicides; and biologicals, crop nutrition, and seed treatment products, which 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.