Mirova US LLC Decreases Holdings in AGCO Co. (NYSE:AGCO)

Mirova US LLC cut its holdings in shares of AGCO Co. (NYSE:AGCO - Free Report) by 2.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,172,381 shares of the industrial products company's stock after selling 34,807 shares during the quarter. AGCO makes up 1.3% of Mirova US LLC's investment portfolio, making the stock its 28th largest holding. Mirova US LLC owned 1.57% of AGCO worth $109,594,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in AGCO. CIBC Asset Management Inc raised its holdings in shares of AGCO by 5.1% during the 4th quarter. CIBC Asset Management Inc now owns 2,265 shares of the industrial products company's stock valued at $212,000 after buying an additional 110 shares in the last quarter. First Horizon Advisors Inc. grew its position in shares of AGCO by 28.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 526 shares of the industrial products company's stock worth $51,000 after buying an additional 117 shares during the last quarter. Inspire Investing LLC grew its position in shares of AGCO by 2.8% in the 4th quarter. Inspire Investing LLC now owns 4,299 shares of the industrial products company's stock worth $402,000 after buying an additional 118 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of AGCO by 0.7% during the third quarter. Oppenheimer & Co. Inc. now owns 17,022 shares of the industrial products company's stock valued at $1,666,000 after purchasing an additional 126 shares in the last quarter. Finally, Arizona State Retirement System boosted its position in shares of AGCO by 0.8% during the fourth quarter. Arizona State Retirement System now owns 18,414 shares of the industrial products company's stock valued at $1,721,000 after purchasing an additional 150 shares in the last quarter. Institutional investors own 78.80% of the company's stock.

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AGCO Stock Down 1.4 %

AGCO stock traded down $1.35 during midday trading on Friday, reaching $93.12. The company's stock had a trading volume of 2,770,533 shares, compared to its average volume of 820,344. AGCO Co. has a fifty-two week low of $84.35 and a fifty-two week high of $125.76. The company has a quick ratio of 0.63, a current ratio of 1.34 and a debt-to-equity ratio of 0.60. The company has a market cap of $6.95 billion, a P/E ratio of -16.37, a P/E/G ratio of 1.80 and a beta of 1.24. The business has a 50-day simple moving average of $98.83 and a 200-day simple moving average of $96.63.

AGCO (NYSE:AGCO - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.97 earnings per share (EPS) 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%. On average, research analysts expect that AGCO Co. will post 4.2 earnings per share for the current fiscal year.

AGCO Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.25%. AGCO's payout ratio is -20.39%.

Analysts Set New Price Targets

AGCO has been the topic of several analyst reports. Baird R W downgraded AGCO from a "strong-buy" rating to a "hold" rating in a report on Monday, March 3rd. Oppenheimer upped their price objective on AGCO from $108.00 to $109.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. Morgan Stanley started coverage on AGCO in a research note on Tuesday, December 3rd. They set an "equal weight" rating and a $101.00 price target for the company. Citigroup upped their price objective on AGCO from $95.00 to $98.00 and gave the company a "neutral" rating in a research report on Monday, March 17th. Finally, Truist Financial raised their price objective on AGCO from $109.00 to $118.00 and gave the stock a "buy" rating in a report on Thursday, January 16th. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average 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.