Daiwa Securities Group Inc. lowered its holdings in AGCO Co. (NYSE:AGCO - Free Report) by 42.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 6,830 shares of the industrial products company's stock after selling 5,100 shares during the quarter. Daiwa Securities Group Inc.'s holdings in AGCO were worth $638,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Deroy & Devereaux Private Investment Counsel Inc. purchased a new position in shares of AGCO in the 4th quarter valued at approximately $3,144,000. Gateway Investment Advisers LLC purchased a new position in shares of AGCO in the 4th quarter valued at approximately $311,000. Olstein Capital Management L.P. lifted its stake in shares of AGCO by 20.8% in the 4th quarter. Olstein Capital Management L.P. now owns 14,500 shares of the industrial products company's stock valued at $1,355,000 after purchasing an additional 2,500 shares during the period. M&T Bank Corp lifted its stake in shares of AGCO by 133.0% in the 3rd quarter. M&T Bank Corp now owns 84,441 shares of the industrial products company's stock valued at $8,263,000 after purchasing an additional 48,198 shares during the period. Finally, Royal London Asset Management Ltd. lifted its stake in shares of AGCO by 2.0% in the 3rd quarter. Royal London Asset Management Ltd. now owns 623,585 shares of the industrial products company's stock valued at $61,024,000 after purchasing an additional 12,328 shares during the period. Hedge funds and other institutional investors own 78.80% of the company's stock.
Analyst Ratings Changes
A number of research analysts have issued reports on the company. Oppenheimer lifted their price objective on AGCO from $108.00 to $109.00 and gave the company an "outperform" rating in a research note on Tuesday, January 28th. Morgan Stanley assumed coverage on AGCO in a research note on Tuesday, December 3rd. They set an "equal weight" rating and a $101.00 price objective for the company. Truist Financial lifted their price objective on AGCO from $109.00 to $118.00 and gave the company a "buy" rating in a research note on Thursday, January 16th. Citigroup lifted their price objective on AGCO from $95.00 to $98.00 and gave the company a "neutral" rating in a research note on Monday. Finally, Baird R W cut AGCO from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 3rd. Ten equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $104.60.
Read Our Latest Report on AGCO
AGCO Stock Down 0.9 %
Shares of AGCO stock traded down $0.84 on Thursday, reaching $94.50. The company's stock had a trading volume of 642,842 shares, compared to its average volume of 814,162. 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 Co. has a 52 week low of $84.35 and a 52 week high of $125.76. The company has a market capitalization of $7.05 billion, a price-to-earnings ratio of -16.61, a P/E/G ratio of 1.80 and a beta of 1.24. The firm's fifty day simple moving average is $98.70 and its two-hundred day simple moving average is $96.63.
AGCO (NYSE:AGCO - Get Free Report) last posted 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%. Equities analysts anticipate that AGCO Co. will post 4.2 earnings per share for the current 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 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date was Friday, February 14th. AGCO's dividend payout ratio (DPR) is presently -20.39%.
About AGCO
(
Free Report)
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.
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