Rodgers Brothers Inc. lowered its holdings in AGCO Co. (NYSE:AGCO - Free Report) by 50.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,750 shares of the industrial products company's stock after selling 16,000 shares during the quarter. Rodgers Brothers Inc.'s holdings in AGCO were worth $1,472,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in AGCO. CIBC Asset Management Inc boosted its position in AGCO by 5.1% in the 4th quarter. CIBC Asset Management Inc now owns 2,265 shares of the industrial products company's stock worth $212,000 after purchasing an additional 110 shares in the last quarter. Inspire Investing LLC lifted its stake 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 valued at $402,000 after purchasing an additional 118 shares during the period. O Shaughnessy Asset Management LLC boosted its holdings in AGCO by 2.4% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 6,207 shares of the industrial products company's stock worth $580,000 after buying an additional 144 shares in the last quarter. Arizona State Retirement System grew its position in 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 buying an additional 150 shares during the period. Finally, UMB Bank n.a. increased its holdings in AGCO by 84.2% in the fourth quarter. UMB Bank n.a. now owns 337 shares of the industrial products company's stock valued at $32,000 after buying an additional 154 shares in the last quarter. Hedge funds and other institutional investors own 78.80% of the company's stock.
AGCO Price Performance
Shares of AGCO stock traded down $4.26 during trading hours on Friday, reaching $77.87. 993,386 shares of the company's stock were exchanged, compared to its average volume of 857,420. The business has a fifty day moving average of $97.48 and a two-hundred day moving average of $96.90. 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 capitalization of $5.81 billion, a P/E ratio of -13.69, a price-to-earnings-growth ratio of 1.80 and a beta of 1.16. AGCO Co. has a 1 year low of $72.44 and a 1 year high of $125.76.
AGCO (NYSE:AGCO - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.97 EPS for the quarter, missing analysts' consensus estimates of $2.01 by ($0.04). AGCO had a negative net margin of 3.64% and a positive return on equity of 13.40%. As a group, research analysts predict that AGCO Co. will post 4.2 earnings per share for the current fiscal year.
AGCO Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.49%. The ex-dividend date was Friday, February 14th. AGCO's payout ratio is currently -20.39%.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on AGCO shares. Baird R W lowered shares of AGCO from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 3rd. Oppenheimer increased their price target on AGCO from $108.00 to $109.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 28th. Truist Financial boosted their price objective on AGCO from $109.00 to $118.00 and gave the company a "buy" rating in a research report on Thursday, January 16th. StockNews.com lowered AGCO from a "hold" rating to a "sell" rating in a research report on Thursday. Finally, Citigroup lifted their price target on shares of AGCO from $95.00 to $98.00 and gave the company a "neutral" rating in a research note on Monday, March 17th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $104.60.
View Our Latest Analysis on AGCO
About AGCO
(
Free Report)
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.
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