Alliancebernstein L.P. Trims Position in AGCO Co. (NYSE:AGCO)

Alliancebernstein L.P. lessened its stake in shares of AGCO Co. (NYSE:AGCO - Free Report) by 5.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 97,937 shares of the industrial products company's stock after selling 5,917 shares during the quarter. Alliancebernstein L.P. owned about 0.13% of AGCO worth $9,155,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of AGCO. Deroy & Devereaux Private Investment Counsel Inc. acquired a new stake in shares of AGCO during the 4th quarter worth approximately $3,144,000. Gateway Investment Advisers LLC acquired a new stake in shares of AGCO in the fourth quarter valued at $311,000. Olstein Capital Management L.P. lifted its position in AGCO by 20.8% during the 4th quarter. Olstein Capital Management L.P. now owns 14,500 shares of the industrial products company's stock worth $1,355,000 after buying an additional 2,500 shares in the last quarter. M&T Bank Corp grew its holdings in AGCO by 133.0% during the 3rd quarter. M&T Bank Corp now owns 84,441 shares of the industrial products company's stock worth $8,263,000 after acquiring an additional 48,198 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in AGCO by 28.2% during the 3rd quarter. Principal Financial Group Inc. now owns 684,249 shares of the industrial products company's stock worth $66,959,000 after acquiring an additional 150,656 shares during the last quarter. 78.80% of the stock is owned by institutional investors.

AGCO Stock Performance

Shares of AGCO traded down $2.37 on Wednesday, reaching $81.92. 124,866 shares of the company's stock traded hands, compared to its average volume of 883,487. AGCO Co. has a 52-week low of $73.79 and a 52-week high of $121.49. 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 stock's 50 day simple moving average is $93.15 and its two-hundred day simple moving average is $96.01. The stock has a market cap of $6.11 billion, a PE ratio of -14.39, a PEG ratio of 1.80 and a beta of 1.16.

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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%. On average, analysts forecast that AGCO Co. will post 4.2 earnings per share for the current fiscal year.

AGCO Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend was Friday, February 14th. AGCO's dividend payout ratio (DPR) is -20.39%.

Analyst Ratings Changes

A number of analysts have recently commented on AGCO shares. StockNews.com raised AGCO from a "sell" rating to a "hold" rating in a research note on Friday, April 11th. UBS Group reduced their price target on AGCO from $100.00 to $88.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Oppenheimer lifted their price objective on shares of AGCO from $108.00 to $109.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. Morgan Stanley downgraded shares of AGCO from an "equal weight" rating to an "underweight" rating and set a $75.00 price objective for the company. in a research note on Wednesday. Finally, JPMorgan Chase & Co. raised their price target on AGCO from $102.00 to $111.00 and gave the company an "overweight" rating in a research note on Wednesday, January 15th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $98.30.

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.