AGCO Co. (NYSE:AGCO) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. cut its stake in AGCO Co. (NYSE:AGCO) by 2.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,313 shares of the industrial products company’s stock after selling 468 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in AGCO were worth $1,805,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of AGCO. Gateway Investment Advisers LLC purchased a new position in AGCO in the fourth quarter valued at approximately $311,000. Olstein Capital Management L.P. raised its holdings in AGCO by 20.8% in the fourth quarter. Olstein Capital Management L.P. now owns 14,500 shares of the industrial products company’s stock valued at $1,355,000 after buying an additional 2,500 shares during the period. M&T Bank Corp raised its holdings in AGCO by 133.0% in the third quarter. M&T Bank Corp now owns 84,441 shares of the industrial products company’s stock valued at $8,263,000 after buying an additional 48,198 shares during the period. Royal London Asset Management Ltd. raised its holdings in AGCO by 2.0% in the third quarter. Royal London Asset Management Ltd. now owns 623,585 shares of the industrial products company’s stock valued at $61,024,000 after buying an additional 12,328 shares during the period. Finally, Stratos Wealth Advisors LLC raised its holdings in AGCO by 42.3% in the third quarter. Stratos Wealth Advisors LLC now owns 17,064 shares of the industrial products company’s stock valued at $1,670,000 after buying an additional 5,069 shares during the period. 78.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Oppenheimer raised their price target on shares of AGCO from $108.00 to $109.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Citigroup dropped their price objective on shares of AGCO from $100.00 to $95.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Morgan Stanley began coverage on shares of AGCO in a research note on Tuesday, December 3rd. They set an “equal weight” rating and a $101.00 price objective on the stock. StockNews.com upgraded shares of AGCO from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of AGCO from $102.00 to $111.00 and gave the company an “overweight” rating in a research note on Wednesday, January 15th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $107.20.

AGCO Stock Performance

AGCO stock opened at $100.63 on Tuesday. The company has a market cap of $7.51 billion, a PE ratio of 44.53, a P/E/G ratio of 1.03 and a beta of 1.25. The company has a fifty day moving average price of $97.73 and a two-hundred day moving average price of $95.46. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 0.72. AGCO Co. has a 12 month low of $84.35 and a 12 month high of $130.26.

AGCO (NYSE:AGCO) last released its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.40). AGCO had a return on equity of 15.79% and a net margin of 1.35%. The business had revenue of $2.60 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same period in the prior year, the firm earned $3.97 EPS. The business’s revenue for the quarter was down 24.8% compared to the same quarter last year. Research analysts expect that AGCO Co. will post 7.33 earnings per share for the current year.

AGCO Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend is Friday, February 14th. AGCO’s dividend payout ratio (DPR) is 51.33%.

AGCO Company Profile

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. It offers horsepower tractors for row crop production, soil cultivation, planting, land leveling, seeding, and commercial hay operations; utility tractors for small- and medium-sized farms, as well as for dairy, livestock, orchards, and vineyards; and compact tractors for small farms, specialty agricultural industries, landscaping, equestrian, and residential uses.