AGCO Co. (NYSE:AGCO) Shares Sold by Erste Asset Management GmbH

Erste Asset Management GmbH cut its position in shares of AGCO Co. (NYSE:AGCO - Free Report) by 14.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,290 shares of the industrial products company's stock after selling 3,484 shares during the period. Erste Asset Management GmbH's holdings in AGCO were worth $1,984,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its holdings in AGCO by 34.3% during the third quarter. Pacer Advisors Inc. now owns 2,110,408 shares of the industrial products company's stock valued at $206,525,000 after purchasing an additional 538,955 shares in the last quarter. Edge Capital Group LLC purchased a new position in AGCO during the fourth quarter valued at $39,269,000. Barclays PLC lifted its holdings in AGCO by 386.8% during the third quarter. Barclays PLC now owns 249,209 shares of the industrial products company's stock valued at $24,389,000 after purchasing an additional 198,014 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in AGCO by 67.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 457,175 shares of the industrial products company's stock valued at $44,739,000 after purchasing an additional 183,688 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in AGCO during the fourth quarter valued at $16,845,000. 78.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on AGCO shares. Robert W. Baird downgraded shares of AGCO from an "outperform" rating to a "neutral" rating and decreased their price objective for the company from $116.00 to $100.00 in a report on Monday, March 3rd. Oppenheimer increased their target price 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. Morgan Stanley started coverage on shares of AGCO in a research report on Tuesday, December 3rd. They issued an "equal weight" rating and a $101.00 target price for the company. StockNews.com upgraded shares of AGCO from a "sell" rating to a "hold" rating in a research report on Friday, February 7th. Finally, Truist Financial increased 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. Ten investment 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 presently has an average rating of "Hold" and a consensus price target of $104.60.

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AGCO Trading Up 0.3 %

AGCO stock traded up $0.28 during midday trading on Wednesday, hitting $95.21. 872,587 shares of the stock were exchanged, compared to its average volume of 821,129. AGCO Co. has a fifty-two week low of $84.35 and a fifty-two week high of $125.76. The stock has a market capitalization of $7.10 billion, a price-to-earnings ratio of -16.73, a PEG ratio of 1.80 and a beta of 1.24. The stock's 50-day simple moving average is $98.60 and its 200 day simple moving average is $96.64. The company has a current ratio of 1.34, a quick ratio of 0.63 and a debt-to-equity ratio of 0.60.

AGCO (NYSE:AGCO - Get Free Report) last released its quarterly earnings data 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%. On average, equities analysts anticipate that AGCO Co. will post 4.2 EPS 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 annualized dividend and a yield of 1.22%. The ex-dividend date was Friday, February 14th. AGCO's payout ratio 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.