AGCO Co. (NYSE:AGCO) Shares Sold by AIA Group Ltd

AIA Group Ltd lowered its stake in shares of AGCO Co. (NYSE:AGCO - Free Report) by 56.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,930 shares of the industrial products company's stock after selling 5,089 shares during the period. AIA Group Ltd's holdings in AGCO were worth $367,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Allworth Financial LP boosted its stake in AGCO by 333.3% during the 4th quarter. Allworth Financial LP now owns 286 shares of the industrial products company's stock worth $30,000 after purchasing an additional 220 shares during the last quarter. UMB Bank n.a. boosted its holdings 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 purchasing an additional 154 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of AGCO in the fourth quarter valued at approximately $33,000. LRI Investments LLC boosted its stake in AGCO by 50.0% during the third quarter. LRI Investments LLC now owns 510 shares of the industrial products company's stock worth $47,000 after buying an additional 170 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in AGCO by 112.3% in the 4th 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 in the last quarter. Institutional investors and hedge funds own 78.80% of the company's stock.

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AGCO Stock Down 3.3 %

Shares of AGCO stock traded down $2.69 during trading on Friday, reaching $79.45. The company's stock had a trading volume of 2,652,579 shares, compared to its average volume of 866,268. AGCO Co. has a 1-year low of $73.79 and a 1-year high of $125.76. The stock's 50-day moving average price is $96.97 and its 200 day moving average price is $96.87. The company has a market capitalization of $5.93 billion, a price-to-earnings ratio of -13.96, a P/E/G ratio of 1.80 and a beta of 1.16. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.34 and a quick ratio of 0.63.

AGCO (NYSE:AGCO - Get Free Report) 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 positive return on equity of 13.40% and a negative net margin of 3.64%. On average, research analysts anticipate that AGCO Co. will post 4.2 EPS for the current year.

AGCO Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.16 annualized dividend and a yield of 1.46%. AGCO's dividend payout ratio (DPR) is -20.39%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AGCO. Citigroup lifted their target price on shares of AGCO from $95.00 to $98.00 and gave the stock a "neutral" rating in a research note on Monday, March 17th. StockNews.com cut AGCO from a "hold" rating to a "sell" rating in a research note on Thursday. Robert W. Baird lowered AGCO from an "outperform" rating to a "neutral" rating and decreased their price target for the company from $116.00 to $100.00 in a research note on Monday, March 3rd. Truist Financial increased their price target on AGCO from $109.00 to $118.00 and gave the stock a "buy" rating in a report on Thursday, January 16th. Finally, Baird R W lowered shares of AGCO from a "strong-buy" rating to a "hold" rating in a report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, AGCO currently has a consensus rating of "Hold" and a consensus 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.