AGCO Co. (NYSE:AGCO) Shares Sold by Davis Selected Advisers

Davis Selected Advisers lowered its position in shares of AGCO Co. (NYSE:AGCO - Free Report) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,991,357 shares of the industrial products company's stock after selling 50,624 shares during the quarter. AGCO accounts for 1.1% of Davis Selected Advisers' investment portfolio, making the stock its 22nd largest holding. Davis Selected Advisers owned 2.67% of AGCO worth $186,152,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Allworth Financial LP raised its position in AGCO by 333.3% during the 4th quarter. Allworth Financial LP now owns 286 shares of the industrial products company's stock worth $30,000 after buying an additional 220 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of AGCO in the 3rd quarter valued at about $29,000. UMB Bank n.a. increased its holdings in shares of AGCO by 84.2% in the 4th quarter. UMB Bank n.a. now owns 337 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 154 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new position in shares of AGCO in the 4th quarter valued at about $33,000. Finally, Venturi Wealth Management LLC increased its holdings in shares of AGCO by 132.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 368 shares of the industrial products company's stock valued at $36,000 after purchasing an additional 210 shares in the last quarter. Hedge funds and other institutional investors own 78.80% of the company's stock.

AGCO Trading Down 3.7 %

Shares of AGCO stock traded down $3.62 during mid-day trading on Wednesday, hitting $94.23. 1,095,309 shares of the stock were exchanged, compared to its average volume of 825,274. AGCO Co. has a twelve month low of $84.35 and a twelve month high of $125.76. The stock has a market capitalization of $7.03 billion, a price-to-earnings ratio of -16.56, a price-to-earnings-growth ratio of 1.80 and a beta of 1.24. The company has a 50-day simple moving average of $98.38 and a 200 day simple moving average of $96.52. The company has a current ratio of 1.34, a quick ratio of 0.63 and a debt-to-equity ratio of 0.60.

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AGCO (NYSE:AGCO - Get Free Report) last released 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%. Research analysts forecast that AGCO Co. will post 4.2 EPS for the current year.

AGCO Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be given 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%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AGCO. Baird R W downgraded shares of AGCO from a "strong-buy" rating to a "hold" rating in a report on Monday, March 3rd. Citigroup cut their price target on shares of AGCO from $100.00 to $95.00 and set a "neutral" rating for the company in a report on Tuesday, January 14th. StockNews.com upgraded shares of AGCO from a "sell" rating to a "hold" rating in a report on Friday, February 7th. Truist Financial raised their target price on shares of AGCO from $109.00 to $118.00 and gave the company a "buy" rating in a report on Thursday, January 16th. Finally, JPMorgan Chase & Co. raised their target price on shares of AGCO from $102.00 to $111.00 and gave the company an "overweight" rating in a report on Wednesday, January 15th. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $104.30.

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.