Barings LLC Has $2.84 Million Position in AGCO Co. (NYSE:AGCO)

Barings LLC boosted its holdings in shares of AGCO Co. (NYSE:AGCO - Free Report) by 13.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,386 shares of the industrial products company's stock after buying an additional 3,549 shares during the quarter. Barings LLC's holdings in AGCO were worth $2,840,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. US Bancorp DE increased its holdings in shares of AGCO by 29.3% during the 3rd quarter. US Bancorp DE now owns 1,623 shares of the industrial products company's stock valued at $159,000 after acquiring an additional 368 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in AGCO by 50.2% during the third quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company's stock valued at $41,000 after purchasing an additional 139 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of AGCO by 28.2% in the third quarter. Principal Financial Group Inc. now owns 684,249 shares of the industrial products company's stock valued at $66,959,000 after purchasing an additional 150,656 shares during the period. Verdence Capital Advisors LLC lifted its stake in shares of AGCO by 7.8% in the third quarter. Verdence Capital Advisors LLC now owns 3,271 shares of the industrial products company's stock worth $320,000 after buying an additional 236 shares during the last quarter. Finally, Atria Investments Inc bought a new stake in shares of AGCO during the 3rd quarter worth $372,000. 78.80% of the stock is currently owned by institutional investors.

Remove Ads

Analyst Ratings Changes

AGCO has been the topic of several research analyst reports. Baird R W downgraded AGCO from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 3rd. Truist Financial lifted their price target on AGCO from $109.00 to $118.00 and gave the stock a "buy" rating in a research report on Thursday, January 16th. Robert W. Baird cut AGCO from an "outperform" rating to a "neutral" rating and reduced their price objective for the company from $116.00 to $100.00 in a research report on Monday, March 3rd. Morgan Stanley began coverage on shares of AGCO in a research report on Tuesday, December 3rd. They set an "equal weight" rating and a $101.00 target price on the stock. Finally, StockNews.com raised shares of AGCO from a "sell" rating to a "hold" rating in a report on Friday, February 7th. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, AGCO has a consensus rating of "Hold" and an average price target of $104.30.

AGCO Price Performance

NYSE:AGCO traded down $3.62 during trading hours on Wednesday, reaching $94.23. The company had a trading volume of 1,095,309 shares, compared to its average volume of 825,281. The firm has a market capitalization of $7.03 billion, a PE ratio of -16.56, a PEG ratio of 1.80 and a beta of 1.24. The stock has a 50-day moving average of $98.38 and a two-hundred day moving average of $96.52. AGCO Co. has a one year low of $84.35 and a one year high of $125.76. The company has a quick ratio of 0.63, a current ratio of 1.34 and a debt-to-equity ratio of 0.60.

AGCO (NYSE:AGCO - Get Free Report) last issued its quarterly earnings results 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 positive return on equity of 13.40% and a negative net margin of 3.64%. Analysts forecast that AGCO Co. will post 4.2 earnings per share for the current year.

AGCO Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.23%. 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.