AGCO Co. (NYSE:AGCO) Stake Lowered by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its position in AGCO Co. (NYSE:AGCO - Free Report) by 7.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 36,132 shares of the industrial products company's stock after selling 3,000 shares during the quarter. New York State Common Retirement Fund's holdings in AGCO were worth $3,378,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Deroy & Devereaux Private Investment Counsel Inc. bought a new position in AGCO during the fourth quarter valued at $3,144,000. Gateway Investment Advisers LLC purchased a new position in AGCO during the 4th quarter worth $311,000. Olstein Capital Management L.P. grew its holdings in AGCO by 20.8% during the 4th quarter. Olstein Capital Management L.P. now owns 14,500 shares of the industrial products company's stock worth $1,355,000 after acquiring an additional 2,500 shares in the last quarter. M&T Bank Corp increased its holdings in shares of AGCO by 133.0% in the 3rd quarter. M&T Bank Corp now owns 84,441 shares of the industrial products company's stock valued at $8,263,000 after acquiring an additional 48,198 shares during the period. Finally, Royal London Asset Management Ltd. grew its position in shares of AGCO by 2.0% in the 3rd 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 during the last quarter. 78.80% of the stock is owned by hedge funds and other institutional investors.

AGCO Trading Down 0.6 %

Shares of AGCO stock traded down $0.58 during trading hours on Tuesday, reaching $90.22. The stock had a trading volume of 967,445 shares, compared to its average volume of 771,557. The firm has a market capitalization of $6.73 billion, a price-to-earnings ratio of -15.85, a P/E/G ratio of 1.80 and a beta of 1.25. AGCO Co. has a 1 year low of $84.35 and a 1 year high of $125.76. 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 firm has a 50 day simple moving average of $98.00 and a two-hundred day simple moving average of $96.20.

AGCO (NYSE:AGCO - Get Free Report) last released 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 positive return on equity of 13.40% and a negative net margin of 3.64%. As a group, equities research analysts anticipate that AGCO Co. will post 4.2 earnings per share for the current year.

AGCO Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Friday, February 14th. AGCO's dividend payout ratio (DPR) is presently -20.39%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Citigroup decreased their price target 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. StockNews.com raised shares of AGCO from a "sell" rating to a "hold" rating in a research note on Friday, February 7th. JPMorgan Chase & Co. upped 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 raised their target price on AGCO from $108.00 to $109.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. Finally, Robert W. Baird cut AGCO from an "outperform" rating to a "neutral" rating and cut their target price for the stock from $116.00 to $100.00 in a research note on Monday. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $104.30.

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.