AGCO Co. (NYSE:AGCO) Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. decreased its holdings in shares of AGCO Co. (NYSE:AGCO - Free Report) by 24.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,521 shares of the industrial products company's stock after selling 14,817 shares during the quarter. Edgestream Partners L.P. owned about 0.06% of AGCO worth $4,455,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Brooklyn Investment Group purchased a new position in AGCO during the third quarter worth approximately $29,000. LRI Investments LLC raised its holdings in shares of AGCO by 94.3% in the 2nd quarter. LRI Investments LLC now owns 340 shares of the industrial products company's stock worth $33,000 after purchasing an additional 165 shares during the period. Blue Trust Inc. lifted its stake in shares of AGCO by 102.4% in the 2nd quarter. Blue Trust Inc. now owns 344 shares of the industrial products company's stock valued at $34,000 after purchasing an additional 174 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in shares of AGCO by 132.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 368 shares of the industrial products company's stock valued at $36,000 after purchasing an additional 210 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its holdings in shares of AGCO by 69.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 409 shares of the industrial products company's stock worth $40,000 after purchasing an additional 167 shares during the period. 78.80% of the stock is currently owned by institutional investors and hedge funds.

AGCO Stock Down 0.2 %

AGCO traded down $0.25 during trading on Friday, hitting $101.21. The company had a trading volume of 463,238 shares, compared to its average volume of 1,054,827. AGCO Co. has a 1-year low of $84.35 and a 1-year high of $130.26. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 0.72. The company has a market cap of $7.55 billion, a PE ratio of 44.78, a P/E/G ratio of 0.57 and a beta of 1.25. The business has a 50-day moving average of $97.22 and a 200-day moving average of $96.96.

AGCO (NYSE:AGCO - Get Free Report) last issued its earnings results on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.08 by ($0.40). AGCO had a net margin of 1.35% and a return on equity of 15.79%. The company had revenue of $2.60 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same quarter last year, the company posted $3.97 EPS. The business's revenue for the quarter was down 24.8% compared to the same quarter last year. As a group, analysts forecast that AGCO Co. will post 7.34 earnings per share for the current year.

AGCO Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be given a $0.29 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.15%. AGCO's payout ratio is currently 51.33%.

Analysts Set New Price Targets

A number of research analysts have weighed in on AGCO shares. Citigroup lifted their price target on shares of AGCO from $88.00 to $100.00 and gave the company a "neutral" rating in a research report on Wednesday, October 9th. BMO Capital Markets started coverage on AGCO in a research note on Friday, August 9th. They set a "market perform" rating and a $96.00 price objective on the stock. The Goldman Sachs Group lowered their target price on AGCO from $112.00 to $99.00 and set a "neutral" rating for the company in a research note on Wednesday, November 6th. Oppenheimer reduced their price target on AGCO from $131.00 to $111.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 6th. Finally, StockNews.com downgraded shares of AGCO from a "hold" rating to a "sell" rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, AGCO currently has a consensus rating of "Hold" and an average target price of $114.40.

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.