Why Did Janney Montgomery Scott LLC Reduce Its Stake in FMC Co. (NYSE:FMC)?

February 09, 2025 04:20 PM AEDT | By Team Kalkine Media

Why Did Janney Montgomery Scott LLC Reduce Its Stake in FMC Co. (NYSE:FMC)? — Image source: Shutterstock

Institutional Stake Adjustments in FMC Co.

Janney Montgomery Scott LLC recently lowered its stake in FMC Co. (NYSE:FMC) during the fourth quarter. Based on its latest filing with the Securities and Exchange Commission (SEC), the firm reduced its holdings by over 30%, bringing its total shares in the basic materials company to 16,888. This adjustment follows the sale of 7,694 shares, bringing the total valuation of its holdings to approximately $821,000.

Broader Institutional Activity

Other institutional investors have also made adjustments to their positions in FMC. Millburn Ridgefield Corp significantly increased its stake in the company by over 180% during the third quarter, acquiring an additional 324 shares, bringing its total to 498 shares. First Horizon Advisors Inc. expanded its holdings by more than 90%, adding 246 shares to reach a total of 517 shares during the same period.

Mather Group LLC. also raised its stake, increasing its position by over 250%, with an additional 396 shares, bringing its total to 554 shares. Additionally, Peterson Financial Group Inc. and Brooklyn Investment Group both acquired new positions in FMC during the third quarter, valued at approximately $51,000 and $52,000, respectively.

Ownership Breakdown in FMC

FMC, which operates in the basic materials sector, maintains a significant level of institutional ownership. As of the most recent filings, institutional investors and hedge funds collectively own over 90% of the company’s stock. These ownership levels highlight the company’s presence among large financial firms that actively manage assets within this sector.

Recent Trends in FMC Holdings

The recent changes in holdings suggest that different financial entities are reassessing their positions in FMC. While some firms have expanded their exposure, others have reduced their stake, leading to shifts in overall ownership levels. Janney Montgomery Scott LLC’s decision to decrease its stake aligns with broader trends where firms periodically rebalance their holdings based on various factors.

Sector Overview

FMC operates in the basic materials sector, which includes companies engaged in chemical production, agricultural solutions, and material sciences. This sector frequently experiences fluctuations based on commodity prices, supply chain conditions, and regulatory developments. Given these variables, institutional investors regularly adjust their positions in companies like FMC based on financial and operational performance.

Conclusion

The latest filings indicate active portfolio adjustments among institutional investors regarding FMC. With over 90% institutional ownership, shifts in holdings continue to shape the overall shareholder composition. Investors in the basic materials sector frequently reassess their positions, and recent activity in FMC’s stock reflects this ongoing evaluation.

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