Advisors Asset Management Inc. Reduces Position in AGCO Co. (NYSE:AGCO)

Advisors Asset Management Inc. trimmed its position in shares of AGCO Co. (NYSE:AGCO - Free Report) by 24.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 62,634 shares of the industrial products company's stock after selling 20,332 shares during the period. Advisors Asset Management Inc. owned 0.08% of AGCO worth $5,855,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CIBC Asset Management Inc boosted its stake in shares of AGCO by 5.1% during the 4th quarter. CIBC Asset Management Inc now owns 2,265 shares of the industrial products company's stock worth $212,000 after acquiring an additional 110 shares during the period. First Horizon Advisors Inc. boosted its position in AGCO by 28.6% during the third quarter. First Horizon Advisors Inc. now owns 526 shares of the industrial products company's stock worth $51,000 after purchasing an additional 117 shares during the period. Inspire Investing LLC increased its holdings in shares of AGCO by 2.8% in the fourth quarter. Inspire Investing LLC now owns 4,299 shares of the industrial products company's stock valued at $402,000 after purchasing an additional 118 shares during the last quarter. Arizona State Retirement System raised its position in shares of AGCO by 0.8% in the fourth quarter. Arizona State Retirement System now owns 18,414 shares of the industrial products company's stock valued at $1,721,000 after purchasing an additional 150 shares during the period. Finally, UMB Bank n.a. lifted its stake in shares of AGCO by 84.2% during the 4th quarter. UMB Bank n.a. now owns 337 shares of the industrial products company's stock worth $32,000 after buying an additional 154 shares during the last quarter. 78.80% of the stock is owned by institutional investors.

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AGCO Trading Up 2.1 %

AGCO stock traded up $1.99 during midday trading on Monday, hitting $95.08. The stock had a trading volume of 608,487 shares, compared to its average volume of 820,681. The company has a current ratio of 1.34, a quick ratio of 0.63 and a debt-to-equity ratio of 0.60. The business has a fifty day moving average price of $98.83 and a two-hundred day moving average price of $96.74. AGCO Co. has a 1-year low of $84.35 and a 1-year high of $125.76. The firm has a market cap of $7.09 billion, a P/E ratio of -16.71, a price-to-earnings-growth ratio of 1.80 and a beta of 1.24.

AGCO (NYSE:AGCO - Get Free Report) last issued 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 negative net margin of 3.64% and a positive return on equity of 13.40%. On average, sell-side analysts predict that AGCO Co. will post 4.2 earnings per share for the current fiscal year.

AGCO Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were issued a $0.29 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.22%. AGCO's dividend payout ratio (DPR) is presently -20.39%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AGCO. Oppenheimer raised their price objective on shares of AGCO from $108.00 to $109.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 28th. Citigroup lifted 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. JPMorgan Chase & Co. increased their price objective 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. Morgan Stanley started 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. Finally, Robert W. Baird cut shares of AGCO from an "outperform" rating to a "neutral" rating and dropped their target price for the stock from $116.00 to $100.00 in a report on Monday, March 3rd. 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.com, AGCO currently has an average rating of "Hold" and an average price target of $104.60.

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.