Clark Estates Inc. NY Reduces Holdings in AGCO Co. (NYSE:AGCO)

Clark Estates Inc. NY lessened its stake in AGCO Co. (NYSE:AGCO - Free Report) by 10.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,353 shares of the industrial products company's stock after selling 3,072 shares during the quarter. Clark Estates Inc. NY's holdings in AGCO were worth $2,370,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. CIBC Asset Management Inc grew its stake in AGCO by 5.1% in the 4th quarter. CIBC Asset Management Inc now owns 2,265 shares of the industrial products company's stock valued at $212,000 after acquiring an additional 110 shares during the last quarter. First Horizon Advisors Inc. grew its stake in AGCO by 28.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 526 shares of the industrial products company's stock valued at $51,000 after acquiring an additional 117 shares during the last quarter. Inspire Investing LLC grew its stake in AGCO by 2.8% in the 4th 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. Oppenheimer & Co. Inc. grew its stake in AGCO by 0.7% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 17,022 shares of the industrial products company's stock valued at $1,666,000 after acquiring an additional 126 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in AGCO by 50.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company's stock valued at $41,000 after acquiring an additional 139 shares during the last quarter. Hedge funds and other institutional investors own 78.80% of the company's stock.

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Analysts Set New Price Targets

AGCO has been the topic of several analyst reports. Robert W. Baird cut shares of AGCO from an "outperform" rating to a "neutral" rating and decreased their price target for the stock from $116.00 to $100.00 in a research note on Monday, March 3rd. 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. StockNews.com upgraded shares of AGCO from a "sell" rating to a "hold" rating in a report on Friday, February 7th. Oppenheimer increased their price objective on shares of AGCO from $108.00 to $109.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. Finally, Citigroup cut their price objective on shares of AGCO from $100.00 to $95.00 and set a "neutral" rating on the stock in a report on Tuesday, January 14th. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $104.30.

AGCO Trading Up 6.4 %

NYSE AGCO traded up $6.19 during mid-day trading on Friday, hitting $102.94. The company's stock had a trading volume of 1,348,195 shares, compared to its average volume of 809,043. AGCO Co. has a 52-week low of $84.35 and a 52-week high of $125.76. The stock's fifty day simple moving average is $98.11 and its two-hundred day simple moving average is $96.27. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.34 and a quick ratio of 0.63. The firm has a market capitalization of $7.68 billion, a P/E ratio of -18.09, a price-to-earnings-growth ratio of 1.80 and a beta of 1.24.

AGCO (NYSE:AGCO - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.97 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.04). AGCO had a negative net margin of 3.64% and a positive return on equity of 13.40%. Research analysts expect that AGCO Co. will post 4.2 EPS for the current year.

AGCO Dividend Announcement

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