AGCO Co. (NYSE:AGCO) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP cut its holdings in AGCO Co. (NYSE:AGCO - Free Report) by 55.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,741 shares of the industrial products company's stock after selling 13,126 shares during the quarter. Quantbot Technologies LP's holdings in AGCO were worth $1,051,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Victory Capital Management Inc. raised its holdings in AGCO by 1.7% in the second quarter. Victory Capital Management Inc. now owns 3,699,964 shares of the industrial products company's stock worth $362,152,000 after purchasing an additional 63,432 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in AGCO by 17.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,259,699 shares of the industrial products company's stock valued at $221,187,000 after acquiring an additional 335,092 shares during the last quarter. Pacer Advisors Inc. boosted its stake in AGCO by 34.3% in 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 acquiring an additional 538,955 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in AGCO by 3.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,857,505 shares of the industrial products company's stock worth $181,775,000 after purchasing an additional 66,303 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in shares of AGCO by 53.0% during the second quarter. AQR Capital Management LLC now owns 1,747,954 shares of the industrial products company's stock worth $171,090,000 after purchasing an additional 605,509 shares in the last quarter. Hedge funds and other institutional investors own 78.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AGCO. StockNews.com downgraded AGCO from a "hold" rating to a "sell" rating in a research note on Thursday. The Goldman Sachs Group dropped their price target on AGCO from $112.00 to $99.00 and set a "neutral" rating on the stock in a research note on Wednesday, November 6th. Truist Financial increased their price objective on shares of AGCO from $118.00 to $127.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. BMO Capital Markets started coverage on shares of AGCO in a research report on Friday, August 9th. They set a "market perform" rating and a $96.00 target price on the stock. Finally, Oppenheimer lowered their price objective on shares of AGCO from $131.00 to $111.00 and set an "outperform" rating for the company in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, AGCO currently has an average rating of "Hold" and an average target price of $114.40.

AGCO Stock Performance

AGCO stock traded down $0.25 during midday trading on Friday, hitting $101.21. 463,238 shares of the company were exchanged, compared to its average volume of 1,054,827. AGCO Co. has a fifty-two week low of $84.35 and a fifty-two week high of $130.26. The firm has a market capitalization of $7.55 billion, a PE ratio of 44.78, a price-to-earnings-growth ratio of 0.57 and a beta of 1.25. The business has a fifty day simple moving average of $97.22 and a two-hundred day simple moving average of $97.10. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.72 and a current ratio of 1.53.

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

AGCO Dividend Announcement

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

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.