Empirical Finance LLC Sells 3,934 Shares of AGCO Co. (NYSE:AGCO)

Empirical Finance LLC lessened its position in AGCO Co. (NYSE:AGCO - Free Report) by 42.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,358 shares of the industrial products company's stock after selling 3,934 shares during the period. Empirical Finance LLC's holdings in AGCO were worth $501,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of AGCO. Pacer Advisors Inc. boosted its holdings in shares of AGCO by 34.3% during the 3rd quarter. Pacer Advisors Inc. now owns 2,110,408 shares of the industrial products company's stock worth $206,525,000 after buying an additional 538,955 shares during the period. State Street Corp boosted its holdings in shares of AGCO by 4.3% during the 3rd quarter. State Street Corp now owns 1,978,963 shares of the industrial products company's stock worth $193,661,000 after buying an additional 80,846 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of AGCO by 3.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,857,505 shares of the industrial products company's stock worth $181,775,000 after buying an additional 66,303 shares during the period. Geode Capital Management LLC boosted its holdings in shares of AGCO by 7.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,205,227 shares of the industrial products company's stock worth $121,121,000 after buying an additional 80,516 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in shares of AGCO by 28.2% during the 3rd quarter. Principal Financial Group Inc. now owns 684,249 shares of the industrial products company's stock worth $66,959,000 after buying an additional 150,656 shares during the period. Institutional investors own 78.80% of the company's stock.

AGCO Price Performance

AGCO stock traded up $3.88 during trading on Friday, reaching $98.02. 1,022,152 shares of the company were exchanged, compared to its average volume of 781,608. The company has a 50-day moving average of $97.51 and a two-hundred day moving average of $95.39. The company has a market capitalization of $7.32 billion, a price-to-earnings ratio of -17.23, a P/E/G ratio of 0.97 and a beta of 1.25. AGCO Co. has a twelve month low of $84.35 and a twelve month high of $125.76. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.34 and a quick ratio of 0.72.

AGCO (NYSE:AGCO - Get Free Report) last announced 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 negative net margin of 3.64% and a positive return on equity of 13.40%. As a group, equities analysts predict that AGCO Co. will post 4.22 earnings per share for the current fiscal year.

AGCO Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend is Friday, February 14th. AGCO's dividend payout ratio (DPR) is currently -20.39%.

Analyst Ratings Changes

Several analysts recently commented on AGCO shares. JPMorgan Chase & Co. lifted their target price on shares of AGCO from $102.00 to $111.00 and gave the stock an "overweight" rating in a report on Wednesday, January 15th. Oppenheimer boosted their price objective on shares of AGCO from $108.00 to $109.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. Citigroup cut their price objective 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. The Goldman Sachs Group cut their price objective on shares of AGCO from $112.00 to $99.00 and set a "neutral" rating for the company in a report on Wednesday, November 6th. Finally, 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. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $107.20.

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.