Vontobel Holding Ltd. Decreases Stock Holdings in AGCO Co. (NYSE:AGCO)

Vontobel Holding Ltd. lessened its holdings in AGCO Co. (NYSE:AGCO - Free Report) by 18.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,896 shares of the industrial products company's stock after selling 15,166 shares during the period. Vontobel Holding Ltd. owned about 0.09% of AGCO worth $6,160,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brooklyn Investment Group bought a new position in shares of AGCO during the 3rd quarter worth approximately $29,000. UMB Bank n.a. lifted its position in shares of AGCO by 84.2% during the 4th quarter. UMB Bank n.a. now owns 337 shares of the industrial products company's stock worth $32,000 after buying an additional 154 shares in the last quarter. Venturi Wealth Management LLC lifted its position in shares of AGCO by 132.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 368 shares of the industrial products company's stock worth $36,000 after buying an additional 210 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of AGCO by 50.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company's stock worth $41,000 after buying an additional 139 shares in the last quarter. Finally, LRI Investments LLC lifted its position in shares of AGCO by 50.0% during the 3rd quarter. LRI Investments LLC now owns 510 shares of the industrial products company's stock worth $47,000 after buying an additional 170 shares in the last quarter. Institutional investors and hedge funds own 78.80% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of AGCO from $102.00 to $111.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 15th. Citigroup decreased their price target on shares of AGCO from $100.00 to $95.00 and set a "neutral" rating for the company in a research note on Tuesday, January 14th. Morgan Stanley assumed coverage on shares of AGCO in a research note on Tuesday, December 3rd. They set an "equal weight" rating and a $101.00 price target for the company. The Goldman Sachs Group decreased their price target on shares of AGCO from $112.00 to $99.00 and set a "neutral" rating for the company in a research note on Wednesday, November 6th. Finally, Truist Financial raised their price target on shares of AGCO from $109.00 to $118.00 and gave the stock a "buy" rating in a research note on Thursday, January 16th. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $107.20.

AGCO Price Performance

Shares of AGCO traded up $1.44 during mid-day trading on Wednesday, reaching $102.97. 1,035,062 shares of the stock traded hands, compared to its average volume of 783,208. The firm has a fifty day moving average price of $97.48 and a 200 day moving average price of $95.43. The company has a market cap of $7.69 billion, a price-to-earnings ratio of -18.10, a price-to-earnings-growth ratio of 1.78 and a beta of 1.25. The company has a current ratio of 1.34, a quick ratio of 0.63 and a debt-to-equity ratio of 0.60. AGCO Co. has a 1 year low of $84.35 and a 1 year high of $125.76.

AGCO (NYSE:AGCO - Get Free Report) last released its quarterly earnings results 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, equities research analysts predict that AGCO Co. will post 4.2 earnings per share for the current year.

AGCO Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.13%. The ex-dividend date is Friday, February 14th. AGCO's dividend payout ratio is presently -20.39%.

AGCO 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.