AGCO Co. (NYSE:AGCO) Shares Sold by LSV Asset Management

LSV Asset Management cut its holdings in shares of AGCO Co. (NYSE:AGCO - Free Report) by 3.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,840,301 shares of the industrial products company's stock after selling 88,945 shares during the period. LSV Asset Management owned 3.81% of AGCO worth $265,511,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of AGCO. Allworth Financial LP boosted its position in AGCO by 333.3% during the fourth quarter. Allworth Financial LP now owns 286 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 220 shares in the last quarter. UMB Bank n.a. boosted its holdings in AGCO by 84.2% in the fourth quarter. UMB Bank n.a. now owns 337 shares of the industrial products company's stock worth $32,000 after acquiring an additional 154 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new position in shares of AGCO in the fourth quarter worth $33,000. Jones Financial Companies Lllp grew its holdings in shares of AGCO by 112.3% during the fourth quarter. Jones Financial Companies Lllp now owns 501 shares of the industrial products company's stock valued at $47,000 after buying an additional 265 shares during the last quarter. Finally, LRI Investments LLC increased its position in shares of AGCO by 50.0% in the 3rd quarter. LRI Investments LLC now owns 510 shares of the industrial products company's stock valued at $47,000 after acquiring an additional 170 shares during the period. 78.80% of the stock is owned by hedge funds and other institutional investors.

AGCO Trading Down 2.0 %

NYSE AGCO traded down $1.73 on Tuesday, reaching $84.11. 253,717 shares of the company were exchanged, compared to its average volume of 883,890. AGCO Co. has a fifty-two week low of $73.79 and a fifty-two week high of $121.78. The stock has a market capitalization of $6.27 billion, a P/E ratio of -14.78, a price-to-earnings-growth ratio of 1.80 and a beta of 1.16. The business's fifty day moving average price is $93.43 and its 200 day moving average price is $96.10. The company has a current ratio of 1.34, a quick ratio of 0.63 and a debt-to-equity ratio of 0.60.

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AGCO (NYSE:AGCO - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.97 earnings per share 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%. Analysts forecast that AGCO Co. will post 4.2 earnings per share for the current year.

AGCO Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.38%. The ex-dividend date was Friday, February 14th. AGCO's payout ratio is currently -20.39%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on AGCO shares. StockNews.com upgraded AGCO from a "sell" rating to a "hold" rating in a research note on Friday. UBS Group decreased their target price on shares of AGCO from $100.00 to $88.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Baird R W downgraded AGCO from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 3rd. Truist Financial lowered their price objective on AGCO from $125.00 to $105.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. raised their price target on shares of AGCO from $102.00 to $111.00 and gave the company an "overweight" rating in a research report on Wednesday, January 15th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, AGCO currently has a consensus rating of "Hold" and an average price target of $100.90.

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.