Amalgamated Bank Acquires 315 Shares of AGCO Co. (NYSE:AGCO)

Amalgamated Bank boosted its holdings in AGCO Co. (NYSE:AGCO) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,510 shares of the industrial products company’s stock after buying an additional 315 shares during the quarter. Amalgamated Bank’s holdings in AGCO were worth $2,759,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Pacer Advisors Inc. raised its holdings in shares of AGCO by 34.3% during the third quarter. Pacer Advisors Inc. now owns 2,110,408 shares of the industrial products company’s stock valued at $206,525,000 after purchasing an additional 538,955 shares during the last quarter. State Street Corp grew its position in AGCO by 4.3% in the 3rd quarter. State Street Corp now owns 1,978,963 shares of the industrial products company’s stock worth $193,661,000 after purchasing an additional 80,846 shares during the period. Massachusetts Financial Services Co. MA grew its position in AGCO by 3.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,857,505 shares of the industrial products company’s stock worth $181,775,000 after purchasing an additional 66,303 shares during the period. Geode Capital Management LLC lifted its holdings in shares of AGCO by 7.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,205,227 shares of the industrial products company’s stock valued at $121,121,000 after buying an additional 80,516 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of AGCO by 4.0% during the 4th quarter. Principal Financial Group Inc. now owns 711,687 shares of the industrial products company’s stock valued at $66,536,000 after buying an additional 27,438 shares during the period. Institutional investors own 78.80% of the company’s stock.

AGCO Stock Down 0.4 %

Shares of AGCO stock opened at $97.04 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.34 and a quick ratio of 0.63. AGCO Co. has a one year low of $84.35 and a one year high of $125.76. The company’s fifty day moving average price is $98.06 and its 200-day moving average price is $96.04. The company has a market capitalization of $7.24 billion, a price-to-earnings ratio of -17.05, a PEG ratio of 1.80 and a beta of 1.25.

AGCO (NYSE:AGCO) last posted its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.97 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.04). AGCO had a negative net margin of 3.64% and a positive return on equity of 13.40%. Sell-side analysts expect that AGCO Co. will post 4.2 EPS for the current fiscal year.

AGCO Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.16 annualized dividend and a yield of 1.20%. AGCO’s payout ratio is -20.39%.

Analysts Set New Price Targets

A number of research firms recently commented on AGCO. JPMorgan Chase & Co. upped their price objective on AGCO from $102.00 to $111.00 and gave the company an “overweight” rating in a research report on Wednesday, January 15th. Morgan Stanley initiated coverage on shares of AGCO in a research report on Tuesday, December 3rd. They set an “equal weight” rating and a $101.00 price target for the company. 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 report on Tuesday, January 14th. StockNews.com raised shares of AGCO from a “sell” rating to a “hold” rating in a report on Friday, February 7th. Finally, Truist Financial lifted their price target on shares of AGCO from $109.00 to $118.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, AGCO presently has an average rating of “Hold” and a consensus price target of $107.20.

AGCO 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.