Grantham Mayo Van Otterloo & Co. LLC Sells 92,406 Shares of AGCO Co. (NYSE:AGCO)

Grantham Mayo Van Otterloo & Co. LLC cut its stake in shares of AGCO Co. (NYSE:AGCO - Free Report) by 17.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 444,209 shares of the industrial products company's stock after selling 92,406 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned 0.60% of AGCO worth $41,525,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. BNP Paribas Financial Markets boosted its holdings in AGCO by 29.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 31,713 shares of the industrial products company's stock valued at $3,103,000 after purchasing an additional 7,124 shares during the period. Verition Fund Management LLC boosted its stake in AGCO by 61.7% during the third quarter. Verition Fund Management LLC now owns 8,297 shares of the industrial products company's stock valued at $812,000 after buying an additional 3,167 shares during the period. Royal London Asset Management Ltd. grew its position in AGCO by 2.0% during the third quarter. Royal London Asset Management Ltd. now owns 623,585 shares of the industrial products company's stock worth $61,024,000 after buying an additional 12,328 shares in the last quarter. State Street Corp grew its position in AGCO by 4.3% during the third 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 in the last quarter. Finally, Orion Portfolio Solutions LLC raised its holdings in shares of AGCO by 41.7% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 3,715 shares of the industrial products company's stock valued at $364,000 after acquiring an additional 1,093 shares in the last quarter. 78.80% of the stock is currently owned by institutional investors.

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AGCO Stock Down 4.2 %

AGCO traded down $3.57 during trading on Thursday, hitting $82.24. 702,544 shares of the company's stock traded hands, compared to its average volume of 881,408. The stock has a market capitalization of $6.13 billion, a price-to-earnings ratio of -14.49, a PEG 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. AGCO Co. has a 12-month low of $73.79 and a 12-month high of $125.76. The company's 50 day simple moving average is $94.46 and its two-hundred day simple moving average is $96.33.

AGCO (NYSE:AGCO - Get Free Report) last issued its 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 positive return on equity of 13.40% and a negative net margin of 3.64%. Analysts predict that AGCO Co. will post 4.2 earnings per share for the current fiscal year.

AGCO Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were paid a $0.29 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.41%. AGCO's dividend payout ratio (DPR) is currently -20.39%.

Wall Street Analysts Forecast Growth

AGCO has been the topic of several research reports. Robert W. Baird cut shares of AGCO from an "outperform" rating to a "neutral" rating and lowered their price objective for the company from $116.00 to $100.00 in a research report on Monday, March 3rd. Truist Financial decreased their price objective on shares of AGCO from $125.00 to $105.00 and set a "buy" rating on the stock in a research report on Tuesday. UBS Group reduced their price objective on shares of AGCO from $100.00 to $88.00 and set a "neutral" rating on the stock in a research report on Monday. StockNews.com cut AGCO from a "hold" rating to a "sell" rating in a research note on Thursday, April 3rd. Finally, JPMorgan Chase & Co. upped their price target on AGCO from $102.00 to $111.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 15th. One equities 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. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $100.90.

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.