AGCO Co. (NYSE:AGCO) Shares Sold by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC lowered its position in AGCO Co. (NYSE:AGCO) by 17.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 444,209 shares of the industrial products company’s stock after selling 92,406 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in AGCO were worth $41,525,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Deroy & Devereaux Private Investment Counsel Inc. purchased a new stake in shares of AGCO during the fourth quarter worth about $3,144,000. Gateway Investment Advisers LLC acquired a new stake in AGCO during the 4th quarter valued at approximately $311,000. Olstein Capital Management L.P. increased its holdings in AGCO by 20.8% during the 4th quarter. Olstein Capital Management L.P. now owns 14,500 shares of the industrial products company’s stock worth $1,355,000 after purchasing an additional 2,500 shares during the last quarter. M&T Bank Corp raised its position in shares of AGCO by 133.0% in the 3rd quarter. M&T Bank Corp now owns 84,441 shares of the industrial products company’s stock valued at $8,263,000 after purchasing an additional 48,198 shares in the last quarter. Finally, Royal London Asset Management Ltd. boosted its stake in shares of AGCO by 2.0% during the 3rd 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 last quarter. 78.80% of the stock is owned by hedge funds and other institutional investors.

AGCO Stock Performance

Shares of NYSE AGCO opened at $79.45 on Friday. The company has a quick ratio of 0.63, a current ratio of 1.34 and a debt-to-equity ratio of 0.60. The firm’s 50-day moving average price is $96.97 and its two-hundred day moving average price is $96.82. AGCO Co. has a 52-week low of $73.79 and a 52-week high of $125.76. The stock has a market capitalization of $5.93 billion, a P/E ratio of -13.96, a P/E/G ratio of 1.80 and a beta of 1.16.

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

AGCO Dividend Announcement

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. This represents a $1.16 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend was Friday, February 14th. AGCO’s dividend payout ratio (DPR) is -20.39%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of AGCO from $102.00 to $111.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 15th. StockNews.com lowered shares of AGCO from a “hold” rating to a “sell” rating in a report on Thursday. Robert W. Baird lowered shares of AGCO from an “outperform” rating to a “neutral” rating and cut their target price for the company from $116.00 to $100.00 in a research note on Monday, March 3rd. Baird R W downgraded AGCO from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 3rd. Finally, Citigroup boosted their price objective on AGCO from $95.00 to $98.00 and gave the company a “neutral” rating in a report on Monday, March 17th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, AGCO has a consensus rating of “Hold” and an average price target of $104.60.

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.