Oppenheimer & Co. Inc. lowered its stake in shares of AGCO Co. (NYSE:AGCO - Free Report) by 30.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,838 shares of the industrial products company's stock after selling 5,184 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in AGCO were worth $1,107,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently added to or reduced their stakes in the company. Allworth Financial LP boosted its position in AGCO by 333.3% during the fourth quarter. Allworth Financial LP now owns 286 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 220 shares in the last quarter. Brooklyn Investment Group bought a new stake in AGCO during the third quarter valued at about $29,000. UMB Bank n.a. boosted its position in AGCO by 84.2% during the fourth quarter. UMB Bank n.a. now owns 337 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 154 shares in the last quarter. Venturi Wealth Management LLC boosted its position in AGCO by 132.9% during the third quarter. Venturi Wealth Management LLC now owns 368 shares of the industrial products company's stock valued at $36,000 after purchasing an additional 210 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in AGCO by 50.2% during the third quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company's stock valued at $41,000 after purchasing an additional 139 shares in the last quarter. Institutional investors own 78.80% of the company's stock.
AGCO Stock Performance
AGCO stock traded up $6.19 during trading on Friday, hitting $102.94. 1,348,195 shares of the company traded hands, compared to its average volume of 809,043. The stock's 50-day simple moving average is $98.11 and its 200 day simple moving average is $96.27. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.34 and a quick ratio of 0.63. The company has a market cap of $7.68 billion, a PE ratio of -18.09, a P/E/G ratio of 1.80 and a beta of 1.24. AGCO Co. has a 1 year low of $84.35 and a 1 year high of $125.76.
AGCO (NYSE:AGCO - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.97 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.04). AGCO had a negative net margin of 3.64% and a positive return on equity of 13.40%. On average, equities analysts expect that AGCO Co. will post 4.2 earnings per share for the current fiscal year.
AGCO Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.13%. The ex-dividend date is Friday, February 14th. AGCO's dividend payout ratio is currently -20.39%.
Analysts Set New Price Targets
Several equities research analysts have weighed in on AGCO shares. StockNews.com raised AGCO from a "sell" rating to a "hold" rating in a report on Friday, February 7th. Oppenheimer raised their price target on AGCO from $108.00 to $109.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. Robert W. Baird downgraded AGCO from an "outperform" rating to a "neutral" rating and lowered their price target for the stock from $116.00 to $100.00 in a report on Monday, March 3rd. Morgan Stanley started coverage on AGCO in a report on Tuesday, December 3rd. They issued an "equal weight" rating and a $101.00 price target for the company. Finally, Citigroup lowered their price target on AGCO from $100.00 to $95.00 and set a "neutral" rating for the company in a report on Tuesday, January 14th. Ten research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $104.30.
Get Our Latest Stock Report on AGCO
AGCO Company Profile
(
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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