New York State Teachers Retirement System trimmed its holdings in shares of AGCO Co. (NYSE:AGCO - Free Report) by 10.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 52,622 shares of the industrial products company's stock after selling 6,235 shares during the period. New York State Teachers Retirement System owned about 0.07% of AGCO worth $4,919,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the business. Vest Financial LLC boosted its stake in shares of AGCO by 67.8% during the 4th quarter. Vest Financial LLC now owns 26,432 shares of the industrial products company's stock worth $2,471,000 after buying an additional 10,684 shares during the last quarter. Tectonic Advisors LLC acquired a new position in shares of AGCO during the 4th quarter worth about $390,000. Stratos Wealth Advisors LLC boosted its stake in shares of AGCO by 3.1% during the 4th quarter. Stratos Wealth Advisors LLC now owns 17,586 shares of the industrial products company's stock worth $1,644,000 after buying an additional 522 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. acquired a new position in shares of AGCO during the 4th quarter worth about $3,144,000. Finally, Perigon Wealth Management LLC lifted its stake in AGCO by 20.5% in the 4th quarter. Perigon Wealth Management LLC now owns 26,146 shares of the industrial products company's stock valued at $2,615,000 after purchasing an additional 4,452 shares during the last quarter. 78.80% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on AGCO. Truist Financial raised their target price on shares of AGCO from $109.00 to $118.00 and gave the company a "buy" rating in a research note on Thursday, January 16th. StockNews.com upgraded shares of AGCO from a "sell" rating to a "hold" rating in a research note on Friday, February 7th. Oppenheimer raised their target price on shares of AGCO from $108.00 to $109.00 and gave the company an "outperform" rating in a research note on Tuesday, January 28th. The Goldman Sachs Group cut their target price on shares of AGCO from $112.00 to $99.00 and set a "neutral" rating for the company in a research note on Wednesday, November 6th. Finally, Citigroup cut their target price on shares of AGCO from $100.00 to $95.00 and set a "neutral" rating for the company in a research note on Tuesday, January 14th. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $107.20.
Get Our Latest Analysis on AGCO
AGCO Stock Performance
AGCO stock traded down $2.94 during trading hours on Friday, hitting $98.80. The company had a trading volume of 1,027,926 shares, compared to its average volume of 786,521. The firm has a market cap of $7.37 billion, a PE ratio of -17.36, a PEG ratio of 1.87 and a beta of 1.25. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.34 and a quick ratio of 0.63. AGCO Co. has a one year low of $84.35 and a one year high of $125.76. The firm has a 50-day moving average of $97.77 and a 200 day moving average of $95.69.
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, sell-side analysts expect that AGCO Co. will post 4.2 earnings per share for the current year.
AGCO Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.29 per share. The ex-dividend date is Friday, February 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.17%. AGCO's dividend payout ratio is presently -20.39%.
AGCO Profile
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Free Report)
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.
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