AGCO Co. (NYSE:AGCO) Stock Holdings Lowered by Sandy Spring Bank

Sandy Spring Bank lessened its holdings in shares of AGCO Co. (NYSE:AGCO - Free Report) by 76.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,267 shares of the industrial products company's stock after selling 4,103 shares during the quarter. Sandy Spring Bank's holdings in AGCO were worth $118,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Atria Investments Inc bought a new stake in AGCO in the third quarter valued at about $372,000. Thrivent Financial for Lutherans lifted its stake in AGCO by 0.5% during the third quarter. Thrivent Financial for Lutherans now owns 109,493 shares of the industrial products company's stock worth $10,715,000 after purchasing an additional 532 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in AGCO by 28.6% in the third quarter. First Horizon Advisors Inc. now owns 526 shares of the industrial products company's stock worth $51,000 after purchasing an additional 117 shares during the period. Massachusetts Financial Services Co. MA increased its stake in AGCO by 3.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,857,505 shares of the industrial products company's stock valued at $181,775,000 after purchasing an additional 66,303 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of AGCO by 3.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 454,138 shares of the industrial products company's stock worth $44,442,000 after purchasing an additional 13,737 shares during the period. 78.80% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AGCO. JPMorgan Chase & Co. boosted their price objective on shares of AGCO from $102.00 to $111.00 and gave the company an "overweight" rating in a research report on Wednesday, January 15th. Truist Financial raised their price target on AGCO from $109.00 to $118.00 and gave the stock a "buy" rating in a report on Thursday, January 16th. Citigroup upped their price objective on AGCO from $95.00 to $98.00 and gave the stock a "neutral" rating in a research note on Monday, March 17th. Robert W. Baird downgraded shares of AGCO from an "outperform" rating to a "neutral" rating and reduced their price target for the company from $116.00 to $100.00 in a report on Monday, March 3rd. Finally, Oppenheimer upped their price target on shares of AGCO from $108.00 to $109.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 28th. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $104.60.

AGCO Price Performance

AGCO traded up $2.30 on Wednesday, reaching $97.31. The company had a trading volume of 745,762 shares, compared to its average volume of 845,594. The company has a market capitalization of $7.26 billion, a P/E ratio of -17.10, a PEG ratio of 1.80 and a beta of 1.24. The company has a current ratio of 1.34, a quick ratio of 0.63 and a debt-to-equity ratio of 0.60. The company has a fifty day moving average of $98.75 and a 200-day moving average of $96.84. AGCO Co. has a one year low of $84.35 and a one year high of $125.76.

AGCO (NYSE:AGCO - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.97 earnings per share (EPS) for the quarter, missing the consensus estimate 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, equities research analysts anticipate that AGCO Co. will post 4.2 earnings per share for the current year.

AGCO Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date was Friday, February 14th. AGCO's dividend payout ratio is presently -20.39%.

About AGCO

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.