PNC Financial Services Group Inc. Has $847,000 Stake in AGCO Co. (NYSE:AGCO)

PNC Financial Services Group Inc. decreased its holdings in AGCO Co. (NYSE:AGCO - Free Report) by 33.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,057 shares of the industrial products company's stock after selling 4,569 shares during the quarter. PNC Financial Services Group Inc.'s holdings in AGCO were worth $847,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of AGCO. Pacer Advisors Inc. grew its stake in shares of AGCO by 34.3% during the third quarter. Pacer Advisors Inc. now owns 2,110,408 shares of the industrial products company's stock valued at $206,525,000 after purchasing an additional 538,955 shares during the last quarter. Edge Capital Group LLC bought a new stake in AGCO during the 4th quarter worth about $39,269,000. Barclays PLC lifted its position in AGCO by 386.8% during the 3rd quarter. Barclays PLC now owns 249,209 shares of the industrial products company's stock valued at $24,389,000 after purchasing an additional 198,014 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of AGCO by 67.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 457,175 shares of the industrial products company's stock valued at $44,739,000 after purchasing an additional 183,688 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of AGCO during the 4th quarter worth approximately $16,845,000. Institutional investors and hedge funds own 78.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on AGCO shares. Truist Financial raised their price objective 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 AGCO from a "sell" rating to a "hold" rating in a report on Friday, February 7th. Morgan Stanley started coverage on AGCO in a report on Tuesday, December 3rd. They issued an "equal weight" rating and a $101.00 price objective for the company. JPMorgan Chase & Co. boosted their target price on AGCO from $102.00 to $111.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 15th. Finally, Baird R W cut AGCO from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 3rd. Ten equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $104.60.

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AGCO Stock Down 1.4 %

NYSE:AGCO traded down $1.35 during trading hours on Friday, reaching $93.12. 2,768,714 shares of the stock were exchanged, compared to its average volume of 822,664. 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 twelve month low of $84.35 and a twelve month high of $125.76. The stock has a market cap of $6.95 billion, a PE ratio of -16.37, a PEG ratio of 1.80 and a beta of 1.24. The firm has a 50 day moving average of $98.79 and a 200 day moving average of $96.62.

AGCO (NYSE:AGCO - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.97 EPS for the quarter, missing analysts' consensus estimates 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 expect that AGCO Co. will post 4.2 earnings per share for the current year.

AGCO Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend was Friday, February 14th. AGCO's dividend payout ratio (DPR) is currently -20.39%.

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.