Blair William & Co. IL Sells 33,654 Shares of AGCO Co. (NYSE:AGCO)

Blair William & Co. IL cut its stake in shares of AGCO Co. (NYSE:AGCO - Free Report) by 59.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,967 shares of the industrial products company's stock after selling 33,654 shares during the quarter. Blair William & Co. IL's holdings in AGCO were worth $2,147,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. CIBC Asset Management Inc raised its position in AGCO by 5.1% during the 4th quarter. CIBC Asset Management Inc now owns 2,265 shares of the industrial products company's stock worth $212,000 after purchasing an additional 110 shares during the last quarter. Inspire Investing LLC boosted its holdings in AGCO by 2.8% in the fourth quarter. Inspire Investing LLC now owns 4,299 shares of the industrial products company's stock valued at $402,000 after acquiring an additional 118 shares during the last quarter. Arizona State Retirement System increased its position in AGCO by 0.8% during the 4th quarter. Arizona State Retirement System now owns 18,414 shares of the industrial products company's stock valued at $1,721,000 after purchasing an additional 150 shares during the period. UMB Bank n.a. raised its holdings in 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 purchasing an additional 154 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its position in shares of AGCO by 30.8% in the 4th quarter. First Horizon Advisors Inc. now owns 688 shares of the industrial products company's stock worth $64,000 after purchasing an additional 162 shares during the period. Institutional investors and hedge funds own 78.80% of the company's stock.

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Analyst Upgrades and Downgrades

A number of analysts have commented on AGCO shares. Oppenheimer upped their price target on shares of AGCO from $108.00 to $109.00 and gave the company an "outperform" rating in a research report on Tuesday, January 28th. Baird R W downgraded AGCO from a "strong-buy" rating to a "hold" rating in a report on Monday, March 3rd. Citigroup raised their price objective on shares of AGCO from $95.00 to $98.00 and gave the stock a "neutral" rating in a research report on Monday, March 17th. Truist Financial boosted their target price 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. Finally, 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 report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, AGCO currently has a consensus rating of "Hold" and an average target price of $104.60.

AGCO Stock Down 3.3 %

Shares of NYSE AGCO traded down $2.69 during trading on Friday, hitting $79.45. The stock had a trading volume of 2,652,579 shares, compared to its average volume of 866,268. The firm has a fifty day moving average of $96.97 and a two-hundred day moving average of $96.87. The company has a market capitalization of $5.93 billion, a PE ratio of -13.96, a PEG ratio of 1.80 and a beta of 1.16. 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 Co. has a 12 month low of $73.79 and a 12 month high of $125.76.

AGCO (NYSE:AGCO - Get Free Report) last issued 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 positive return on equity of 13.40% and a negative net margin of 3.64%. As a group, equities research analysts forecast that AGCO Co. will post 4.2 EPS for the current fiscal year.

AGCO Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were issued a dividend of $0.29 per share. The ex-dividend date was Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.46%. AGCO's dividend payout ratio (DPR) is currently -20.39%.

AGCO Company 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.