Federated Hermes Inc. Has $5.07 Million Stock Position in AGCO Co. (NYSE:AGCO)

Federated Hermes Inc. cut its stake in AGCO Co. (NYSE:AGCO - Free Report) by 53.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,221 shares of the industrial products company's stock after selling 62,420 shares during the period. Federated Hermes Inc. owned 0.07% of AGCO worth $5,069,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Aster Capital Management DIFC Ltd grew its stake in AGCO by 777.9% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 4,995 shares of the industrial products company's stock worth $467,000 after purchasing an additional 4,426 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in AGCO by 3.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 91,658 shares of the industrial products company's stock worth $8,568,000 after purchasing an additional 2,765 shares during the last quarter. Thoroughbred Financial Services LLC boosted its holdings in AGCO by 6.9% in the fourth quarter. Thoroughbred Financial Services LLC now owns 2,416 shares of the industrial products company's stock worth $225,000 after purchasing an additional 156 shares during the period. ExodusPoint Capital Management LP acquired a new stake in shares of AGCO during the fourth quarter worth $7,119,000. Finally, Geode Capital Management LLC lifted its position in shares of AGCO by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 1,234,326 shares of the industrial products company's stock worth $120,172,000 after buying an additional 29,099 shares during the last quarter. 78.80% of the stock is currently owned by institutional investors.

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AGCO Price Performance

Shares of AGCO traded down $1.62 during trading hours on Tuesday, hitting $84.22. 697,740 shares of the company were exchanged, compared to its average volume of 885,607. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.34 and a quick ratio of 0.63. The company has a market capitalization of $6.28 billion, a PE ratio of -14.80, a PEG ratio of 1.80 and a beta of 1.16. The firm has a fifty day simple moving average of $93.43 and a 200-day simple moving average of $96.10. AGCO Co. has a one year low of $73.79 and a one year high of $121.78.

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 for the quarter, missing analysts' consensus estimates 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 predict that AGCO Co. will post 4.2 earnings per share for the current year.

AGCO Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were given a $0.29 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.38%. AGCO's dividend payout ratio (DPR) is presently -20.39%.

Analysts Set New Price Targets

Several research firms recently weighed in on AGCO. Truist Financial dropped their price objective on shares of AGCO from $125.00 to $105.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Robert W. Baird cut 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. StockNews.com raised shares of AGCO from a "sell" rating to a "hold" rating in a report on Friday. UBS Group cut their price target on AGCO from $100.00 to $88.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Finally, Citigroup upgraded AGCO from a "neutral" rating to a "buy" rating and lowered their target price for the company from $98.00 to $90.00 in a research report on Tuesday, April 8th. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $100.90.

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.