Harbor Capital Advisors Inc. Sells 9,141 Shares of AGCO Co. (NYSE:AGCO)

Harbor Capital Advisors Inc. lessened its position in AGCO Co. (NYSE:AGCO - Free Report) by 16.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 47,425 shares of the industrial products company's stock after selling 9,141 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.06% of AGCO worth $4,433,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of AGCO. Dimensional Fund Advisors LP grew its position in AGCO by 17.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,259,699 shares of the industrial products company's stock valued at $221,187,000 after purchasing an additional 335,092 shares during the period. Pacer Advisors Inc. grew its holdings in shares of AGCO by 34.3% during the third quarter. Pacer Advisors Inc. now owns 2,110,408 shares of the industrial products company's stock valued at $206,525,000 after buying an additional 538,955 shares during the last quarter. State Street Corp raised its holdings in shares of AGCO by 4.3% in the 3rd quarter. State Street Corp now owns 1,978,963 shares of the industrial products company's stock worth $193,661,000 after acquiring an additional 80,846 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of AGCO by 3.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,857,505 shares of the industrial products company's stock worth $181,775,000 after acquiring an additional 66,303 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in AGCO by 53.0% in the 2nd quarter. AQR Capital Management LLC now owns 1,747,954 shares of the industrial products company's stock valued at $171,090,000 after acquiring an additional 605,509 shares in the last quarter. Institutional investors own 78.80% of the company's stock.

AGCO Stock Performance

AGCO stock traded up $0.81 during midday trading on Friday, reaching $91.04. The stock had a trading volume of 905,858 shares, compared to its average volume of 735,443. The company has a quick ratio of 0.72, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $6.80 billion, a PE ratio of 40.28, a P/E/G ratio of 0.56 and a beta of 1.25. AGCO Co. has a 12 month low of $84.35 and a 12 month high of $130.26. The firm's 50-day moving average price is $94.97 and its 200 day moving average price is $94.94.

AGCO (NYSE:AGCO - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.40). AGCO had a net margin of 1.35% and a return on equity of 15.79%. The business had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same period last year, the firm earned $3.97 EPS. The business's revenue for the quarter was down 24.8% on a year-over-year basis. As a group, research analysts predict that AGCO Co. will post 7.36 earnings per share for the current fiscal year.

AGCO Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 15th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date was Friday, November 15th. AGCO's payout ratio is presently 51.33%.

Analyst Ratings Changes

AGCO has been the subject of several analyst reports. StockNews.com raised AGCO from a "sell" rating to a "hold" rating in a research note on Thursday, December 19th. Citigroup boosted their price target on shares of AGCO from $95.00 to $100.00 and gave the stock a "neutral" rating in a report on Monday, December 9th. The Goldman Sachs Group decreased their price objective on shares of AGCO from $112.00 to $99.00 and set a "neutral" rating for the company in a research note on Wednesday, November 6th. Oppenheimer cut their target price on AGCO from $131.00 to $111.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 6th. Finally, Morgan Stanley started coverage on AGCO in a research report on Tuesday, December 3rd. They set an "equal weight" rating and a $101.00 price target for the company. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $108.10.

AGCO 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.