Level Four Advisory Services LLC Sells 19,415 Shares of AGCO Co. (NYSE:AGCO)

Level Four Advisory Services LLC reduced its position in shares of AGCO Co. (NYSE:AGCO - Free Report) by 26.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 53,463 shares of the industrial products company's stock after selling 19,415 shares during the period. Level Four Advisory Services LLC owned about 0.07% of AGCO worth $4,998,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new position in AGCO during the 3rd quarter worth about $29,000. Allworth Financial LP boosted its position in AGCO by 333.3% in the 4th quarter. Allworth Financial LP now owns 286 shares of the industrial products company's stock valued at $30,000 after buying an additional 220 shares during the last quarter. UMB Bank n.a. increased its stake 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 buying an additional 154 shares during the period. Cullen Frost Bankers Inc. bought a new stake in shares of AGCO during the fourth quarter worth $33,000. Finally, LRI Investments LLC raised its holdings in AGCO by 50.0% during the 3rd quarter. LRI Investments LLC now owns 510 shares of the industrial products company's stock worth $47,000 after purchasing an additional 170 shares during the last quarter. 78.80% of the stock is owned by institutional investors.

AGCO Stock Performance

AGCO traded down $0.09 during trading hours on Wednesday, reaching $92.73. The company's stock had a trading volume of 185,086 shares, compared to its average volume of 848,910. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.63 and a current ratio of 1.34. The company's 50-day moving average is $98.16 and its 200-day moving average is $97.03. AGCO Co. has a 52 week low of $84.35 and a 52 week high of $125.76. The firm has a market cap of $6.92 billion, a PE ratio of -16.30, a price-to-earnings-growth ratio of 1.80 and a beta of 1.24.

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AGCO (NYSE:AGCO - Get Free Report) last announced its earnings results on Thursday, February 6th. The industrial products company reported $1.97 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 forecast that AGCO Co. will post 4.2 EPS for the current year.

AGCO Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date was Friday, February 14th. AGCO's dividend payout ratio is -20.39%.

Analyst Ratings Changes

Several equities analysts recently weighed in on AGCO shares. StockNews.com upgraded shares of AGCO from a "sell" rating to a "hold" rating in a report on Friday, February 7th. Truist Financial increased their target price on shares of AGCO from $109.00 to $118.00 and gave the stock a "buy" rating in a report on Thursday, January 16th. JPMorgan Chase & Co. boosted their price target on shares of AGCO from $102.00 to $111.00 and gave the company an "overweight" rating in a report on Wednesday, January 15th. Robert W. Baird downgraded AGCO from an "outperform" rating to a "neutral" rating and dropped their price objective for the stock from $116.00 to $100.00 in a research note on Monday, March 3rd. Finally, Citigroup increased their price target on AGCO from $95.00 to $98.00 and gave the stock a "neutral" rating in a report on Monday, March 17th. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $104.60.

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.