AGCO Co. (NYSE:AGCO) Shares Sold by Blair William & Co. IL

Blair William & Co. IL trimmed its position in shares of AGCO Co. (NYSE:AGCO) by 59.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,967 shares of the industrial products company’s stock after selling 33,654 shares during the period. Blair William & Co. IL’s holdings in AGCO were worth $2,147,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AGCO. Howe & Rusling Inc. grew its stake in shares of AGCO by 7.0% in the fourth quarter. Howe & Rusling Inc. now owns 3,693 shares of the industrial products company’s stock worth $345,000 after purchasing an additional 242 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in AGCO by 83.6% in the fourth quarter. JPMorgan Chase & Co. now owns 630,098 shares of the industrial products company’s stock worth $58,902,000 after purchasing an additional 286,958 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in AGCO by 173,056.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 51,947 shares of the industrial products company’s stock valued at $4,795,000 after buying an additional 51,917 shares in the last quarter. Zions Bancorporation N.A. raised its position in shares of AGCO by 20.6% during the 4th quarter. Zions Bancorporation N.A. now owns 11,732 shares of the industrial products company’s stock worth $1,097,000 after buying an additional 2,003 shares in the last quarter. Finally, LPL Financial LLC lifted its stake in shares of AGCO by 4.9% in the 4th quarter. LPL Financial LLC now owns 21,812 shares of the industrial products company’s stock worth $2,135,000 after acquiring an additional 1,016 shares during the period. 78.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AGCO has been the topic of a number of research analyst reports. Truist Financial raised their price objective on shares of AGCO from $109.00 to $118.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Baird R W downgraded AGCO from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 3rd. Morgan Stanley assumed coverage on AGCO in a research note on Tuesday, December 3rd. They set an “equal weight” rating and a $101.00 target price for the company. Robert W. Baird cut shares of AGCO from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $116.00 to $100.00 in a research report on Monday, March 3rd. Finally, Citigroup raised their price objective on AGCO from $95.00 to $98.00 and gave the stock a “neutral” rating in a research note on Monday, March 17th. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $104.60.

AGCO Stock Performance

AGCO stock opened at $92.69 on Wednesday. The stock has a market cap of $6.91 billion, a P/E ratio of -16.29, a P/E/G ratio of 1.80 and a beta of 1.24. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.63 and a current ratio of 1.34. The firm has a 50 day simple moving average of $98.16 and a 200 day simple moving average of $97.03. AGCO Co. has a 52 week low of $84.35 and a 52 week high of $125.76.

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 the consensus estimate of $2.01 by ($0.04). AGCO had a negative net margin of 3.64% and a positive return on equity of 13.40%. Research analysts anticipate that AGCO Co. will post 4.2 earnings per share for the current fiscal year.

AGCO Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were issued a dividend of $0.29 per share. The ex-dividend date was Friday, February 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.25%. AGCO’s dividend payout ratio is -20.39%.

About AGCO

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.