Nisa Investment Advisors LLC Sells 7,825 Shares of AGCO Co. (NYSE:AGCO)

Nisa Investment Advisors LLC trimmed its position in shares of AGCO Co. (NYSE:AGCO - Free Report) by 26.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,755 shares of the industrial products company's stock after selling 7,825 shares during the quarter. Nisa Investment Advisors LLC's holdings in AGCO were worth $2,129,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Nordea Investment Management AB lifted its stake in shares of AGCO by 11.4% in the first quarter. Nordea Investment Management AB now owns 68,850 shares of the industrial products company's stock worth $8,426,000 after acquiring an additional 7,022 shares during the period. FinTrust Capital Advisors LLC lifted its stake in shares of AGCO by 121.9% in the first quarter. FinTrust Capital Advisors LLC now owns 213 shares of the industrial products company's stock worth $26,000 after acquiring an additional 117 shares during the period. Pegasus Asset Management Inc. increased its holdings in AGCO by 0.9% in the first quarter. Pegasus Asset Management Inc. now owns 29,052 shares of the industrial products company's stock worth $3,574,000 after purchasing an additional 249 shares in the last quarter. Buck Wealth Strategies LLC bought a new stake in AGCO in the first quarter worth approximately $1,991,000. Finally, Texas Permanent School Fund Corp increased its holdings in AGCO by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 54,393 shares of the industrial products company's stock worth $6,691,000 after purchasing an additional 704 shares in the last quarter. 78.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other AGCO news, Director Lange Bob De acquired 1,420 shares of the business's stock in a transaction on Monday, August 5th. The shares were acquired at an average price of $87.91 per share, with a total value of $124,832.20. Following the completion of the transaction, the director now owns 7,007 shares in the company, valued at approximately $615,985.37. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In other AGCO news, Director Lange Bob De acquired 1,420 shares of the business's stock in a transaction on Monday, August 5th. The shares were acquired at an average price of $87.91 per share, with a total value of $124,832.20. Following the completion of the transaction, the director now owns 7,007 shares in the company, valued at approximately $615,985.37. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Michael C. Arnold acquired 1,800 shares of the business's stock in a transaction on Wednesday, August 7th. The stock was acquired at an average cost of $87.69 per share, for a total transaction of $157,842.00. Following the transaction, the director now owns 20,465 shares of the company's stock, valued at approximately $1,794,575.85. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 16.60% of the stock is currently owned by corporate insiders.

AGCO Stock Down 0.5 %

AGCO stock traded down $0.45 during trading on Friday, hitting $99.39. 592,306 shares of the company were exchanged, compared to its average volume of 616,851. The business's 50 day moving average is $95.38 and its 200 day moving average is $100.01. AGCO Co. has a 52 week low of $84.35 and a 52 week high of $130.26. The company has a market capitalization of $7.42 billion, a P/E ratio of 17.75, a PEG ratio of 0.95 and a beta of 1.25. The company has a current ratio of 1.52, a quick ratio of 0.72 and a debt-to-equity ratio of 0.89.

AGCO Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.16 annualized dividend and a yield of 1.17%. AGCO's dividend payout ratio (DPR) is currently 20.71%.

Wall Street Analyst Weigh In

AGCO has been the subject of a number of research analyst reports. BMO Capital Markets initiated coverage on AGCO in a report on Friday, August 9th. They issued a "market perform" rating and a $96.00 target price for the company. Oppenheimer lowered their target price on AGCO from $133.00 to $132.00 and set an "outperform" rating for the company in a report on Monday, July 22nd. StockNews.com downgraded AGCO from a "hold" rating to a "sell" rating in a report on Thursday, August 1st. Truist Financial boosted their price objective on AGCO from $118.00 to $127.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. Finally, The Goldman Sachs Group decreased their price objective on AGCO from $127.00 to $112.00 and set a "neutral" rating for the company in a report on Thursday, July 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $117.80.

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.