FMC Co. (NYSE:FMC) Sees Significant Drop in Short Interest

FMC Co. (NYSE:FMC) saw a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 1,040,000 shares, a decrease of 27.3% from the March 31st total of 1,430,000 shares. Based on an average trading volume of 934,600 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.8% of the company’s shares are sold short.

FMC stock traded down $0.77 during midday trading on Tuesday, reaching $118.29. The company’s stock had a trading volume of 11,644 shares, compared to its average volume of 896,738. The stock’s 50-day simple moving average is $112.95 and its 200-day simple moving average is $112.05. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.70 and a quick ratio of 1.21. FMC has a 52-week low of $85.58 and a 52-week high of $123.66. The stock has a market capitalization of $15.32 billion, a P/E ratio of 31.02, a PEG ratio of 1.52 and a beta of 1.00.

FMC (NYSE:FMC) last released its quarterly earnings results on Monday, February 8th. The basic materials company reported $1.42 EPS for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.02). FMC had a net margin of 10.64% and a return on equity of 30.81%. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. As a group, equities research analysts expect that FMC will post 6.55 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 15th. Shareholders of record on Wednesday, June 30th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend is Tuesday, June 29th. FMC’s dividend payout ratio (DPR) is presently 31.53%.

In other FMC news, EVP Michael Finian Reilly sold 4,000 shares of the company’s stock in a transaction on Friday, March 5th. The stock was sold at an average price of $101.47, for a total value of $405,880.00. Corporate insiders own 0.99% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in FMC. JJJ Advisors Inc. acquired a new position in shares of FMC in the fourth quarter valued at about $25,000. Twin Tree Management LP increased its holdings in shares of FMC by 100.1% in the fourth quarter. Twin Tree Management LP now owns 266 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 389,266 shares during the period. DB Wealth Management Group LLC acquired a new position in shares of FMC in the fourth quarter valued at about $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in shares of FMC in the fourth quarter valued at about $37,000. Finally, Vantage Consulting Group Inc acquired a new position in shares of FMC in the fourth quarter valued at about $39,000. Institutional investors own 87.43% of the company’s stock.

Several equities research analysts have weighed in on FMC shares. KeyCorp lowered their target price on FMC from $137.00 to $133.00 and set an “overweight” rating for the company in a report on Thursday, February 11th. Citigroup lowered their target price on FMC from $141.00 to $138.00 in a report on Wednesday, January 20th. Credit Suisse Group lowered their target price on FMC from $141.00 to $139.00 and set an “outperform” rating for the company in a report on Thursday, February 11th. Royal Bank of Canada lowered their target price on FMC from $145.00 to $136.00 in a report on Wednesday, January 20th. Finally, Monness Crespi & Hardt upgraded FMC from a “neutral” rating to a “buy” rating and set a $126.00 target price for the company in a report on Thursday, February 11th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $125.50.

FMC Company Profile

FMC Corporation, an agricultural sciences company, provides crop protection, plant health, precision agriculture, and professional pest and turf management products. The company develop, markets, and sells crop protection chemicals that include insecticides, herbicides, and fungicides that are used in agriculture to enhance crop yield and quality by controlling a range of insects, weeds, and disease, as well as in non-agricultural markets for pest control.

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