Jump Financial LLC Reduces Position in FMC Co. (NYSE:FMC)

Jump Financial LLC reduced its position in shares of FMC Co. (NYSE:FMC - Free Report) by 77.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,972 shares of the basic materials company's stock after selling 89,155 shares during the period. Jump Financial LLC's holdings in FMC were worth $1,638,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP lifted its position in shares of FMC by 17.7% during the 3rd quarter. Wellington Management Group LLP now owns 10,881,670 shares of the basic materials company's stock worth $728,745,000 after buying an additional 1,634,535 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in FMC by 517.5% during the fourth quarter. Russell Investments Group Ltd. now owns 809,382 shares of the basic materials company's stock worth $51,032,000 after acquiring an additional 678,307 shares during the period. Qube Research & Technologies Ltd boosted its position in FMC by 175.2% in the third quarter. Qube Research & Technologies Ltd now owns 835,871 shares of the basic materials company's stock worth $55,978,000 after purchasing an additional 532,158 shares during the last quarter. Invesco Ltd. grew its stake in FMC by 37.9% in the 3rd quarter. Invesco Ltd. now owns 1,764,469 shares of the basic materials company's stock valued at $118,166,000 after purchasing an additional 484,500 shares during the period. Finally, Tweedy Browne Co LLC increased its position in shares of FMC by 43.2% during the 3rd quarter. Tweedy Browne Co LLC now owns 1,443,804 shares of the basic materials company's stock valued at $96,692,000 after purchasing an additional 435,404 shares during the last quarter. 91.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other FMC news, CFO Andrew D. Sandifer acquired 2,150 shares of the business's stock in a transaction dated Monday, March 4th. The stock was bought at an average price of $59.22 per share, with a total value of $127,323.00. Following the completion of the acquisition, the chief financial officer now owns 50,088 shares of the company's stock, valued at $2,966,211.36. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.81% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

FMC has been the topic of a number of research analyst reports. Loop Capital boosted their price target on shares of FMC from $55.00 to $65.00 and gave the stock a "hold" rating in a report on Tuesday, March 19th. BNP Paribas cut shares of FMC from an "outperform" rating to a "neutral" rating and set a $56.00 target price on the stock. in a research note on Wednesday, February 7th. Wolfe Research started coverage on shares of FMC in a research report on Friday, March 1st. They set a "peer perform" rating for the company. KeyCorp lifted their price target on shares of FMC from $79.00 to $81.00 and gave the stock an "overweight" rating in a report on Wednesday, May 8th. Finally, Bank of America lowered FMC from a "neutral" rating to an "underperform" rating and reduced their price objective for the company from $60.00 to $57.00 in a report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, FMC has a consensus rating of "Hold" and a consensus target price of $70.56.

FMC Price Performance

FMC traded down $2.35 during trading on Wednesday, reaching $63.92. 2,519,403 shares of the company were exchanged, compared to its average volume of 1,970,511. FMC Co. has a 12-month low of $49.49 and a 12-month high of $111.95. The company's 50-day moving average is $61.74 and its two-hundred day moving average is $58.17. The company has a quick ratio of 1.02, a current ratio of 1.46 and a debt-to-equity ratio of 0.70. The company has a market cap of $7.98 billion, a price-to-earnings ratio of 7.13, a P/E/G ratio of 2.18 and a beta of 0.88.

FMC (NYSE:FMC - Get Free Report) last announced its quarterly earnings results on Monday, May 6th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.35 by $0.01. The firm had revenue of $918.00 million for the quarter, compared to the consensus estimate of $1.01 billion. FMC had a net margin of 27.65% and a return on equity of 7.68%. The company's revenue for the quarter was down 31.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.77 earnings per share. Research analysts forecast that FMC Co. will post 3.82 earnings per share for the current fiscal year.

FMC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Friday, June 28th will be given a $0.58 dividend. The ex-dividend date is Friday, June 28th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.63%. FMC's dividend payout ratio (DPR) is presently 25.89%.

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.