Schroder Investment Management Group Sells 25,621 Shares of AGCO Co. (NYSE:AGCO)

Schroder Investment Management Group lessened its stake in shares of AGCO Co. (NYSE:AGCO - Free Report) by 11.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 204,899 shares of the industrial products company's stock after selling 25,621 shares during the quarter. Schroder Investment Management Group owned about 0.27% of AGCO worth $19,076,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Deroy & Devereaux Private Investment Counsel Inc. bought a new stake in AGCO in the 4th quarter worth approximately $3,144,000. Gateway Investment Advisers LLC purchased a new position in shares of AGCO in the 4th quarter worth $311,000. Olstein Capital Management L.P. grew its holdings in shares of AGCO by 20.8% in the fourth quarter. Olstein Capital Management L.P. now owns 14,500 shares of the industrial products company's stock worth $1,355,000 after acquiring an additional 2,500 shares during the period. M&T Bank Corp increased its position in AGCO by 133.0% during the third quarter. M&T Bank Corp now owns 84,441 shares of the industrial products company's stock valued at $8,263,000 after acquiring an additional 48,198 shares during the last quarter. Finally, Royal London Asset Management Ltd. lifted its holdings in AGCO by 2.0% in the third quarter. Royal London Asset Management Ltd. now owns 623,585 shares of the industrial products company's stock valued at $61,024,000 after acquiring an additional 12,328 shares during the period. 78.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on AGCO shares. Truist Financial upped their price target on shares of AGCO from $109.00 to $118.00 and gave the company a "buy" rating in a research report on Thursday, January 16th. Baird R W cut shares of AGCO from a "strong-buy" rating to a "hold" rating in a report on Monday, March 3rd. Oppenheimer lifted their price target on shares of AGCO from $108.00 to $109.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. JPMorgan Chase & Co. upped their price objective on AGCO from $102.00 to $111.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 15th. Finally, StockNews.com downgraded AGCO from a "hold" rating to a "sell" rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $103.00.

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AGCO Price Performance

Shares of NYSE AGCO traded down $1.30 during mid-day trading on Monday, reaching $78.05. The company's stock had a trading volume of 1,405,617 shares, compared to its average volume of 868,417. The stock has a fifty day moving average of $96.39 and a two-hundred day moving average of $96.74. The firm has a market capitalization of $5.82 billion, a PE ratio of -13.72, a P/E/G ratio of 1.80 and a beta of 1.16. AGCO Co. has a 52 week low of $73.79 and a 52 week high of $125.76. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.34 and a quick ratio of 0.63.

AGCO (NYSE:AGCO - Get Free Report) last announced its quarterly earnings data 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 negative net margin of 3.64% and a positive return on equity of 13.40%. As a group, sell-side analysts anticipate that AGCO Co. will post 4.2 EPS for the current fiscal year.

AGCO Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend was Friday, February 14th. AGCO's payout ratio is currently -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.