Franklin Resources Inc. Sells 4,046 Shares of AGCO Co. (NYSE:AGCO)

Franklin Resources Inc. trimmed its position in shares of AGCO Co. (NYSE:AGCO - Free Report) by 59.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,747 shares of the industrial products company's stock after selling 4,046 shares during the period. Franklin Resources Inc.'s holdings in AGCO were worth $257,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Allworth Financial LP lifted its stake in AGCO by 333.3% during the fourth quarter. Allworth Financial LP now owns 286 shares of the industrial products company's stock worth $30,000 after purchasing an additional 220 shares during the period. UMB Bank n.a. raised 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 worth $32,000 after buying an additional 154 shares in the last quarter. Cullen Frost Bankers Inc. bought a new position in shares of AGCO during the 4th quarter worth approximately $33,000. Jones Financial Companies Lllp boosted its stake in AGCO by 112.3% in the 4th quarter. Jones Financial Companies Lllp now owns 501 shares of the industrial products company's stock valued at $47,000 after buying an additional 265 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in AGCO in the third quarter valued at $52,000. Institutional investors and hedge funds own 78.80% of the company's stock.

AGCO Trading Up 1.6 %

Shares of AGCO traded up $1.28 on Thursday, reaching $83.61. 150,296 shares of the company's stock were exchanged, compared to its average volume of 890,114. AGCO Co. has a 12 month low of $73.79 and a 12 month high of $119.88. The stock has a market capitalization of $6.24 billion, a P/E ratio of -14.74, a price-to-earnings-growth ratio of 1.80 and a beta of 1.16. The company has a current ratio of 1.34, a quick ratio of 0.63 and a debt-to-equity ratio of 0.60. The business has a 50 day moving average price of $91.22 and a two-hundred day moving average price of $95.34.

AGCO (NYSE:AGCO - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.97 earnings per share 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%. Research analysts anticipate that AGCO Co. will post 4.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. UBS Group set a $106.00 price target on shares of AGCO in a research report on Tuesday. Morgan Stanley cut AGCO from an "equal weight" rating to an "underweight" rating and dropped their price target for the company from $94.00 to $75.00 in a report on Wednesday, April 16th. StockNews.com raised AGCO from a "sell" rating to a "hold" rating in a research note on Tuesday. Robert W. Baird cut AGCO from an "outperform" rating to a "neutral" rating and cut their price target for the company from $116.00 to $100.00 in a report on Monday, March 3rd. Finally, Baird R W lowered shares of AGCO from a "strong-buy" rating to a "hold" rating in a report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $99.80.

AGCO 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.