AGCO Co. (NYSE:AGCO) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. decreased its position in shares of AGCO Co. (NYSE:AGCO - Free Report) by 57.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 13,626 shares of the industrial products company's stock after selling 18,185 shares during the period. PNC Financial Services Group Inc.'s holdings in AGCO were worth $1,333,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. LRI Investments LLC increased its stake in AGCO by 94.3% during the second quarter. LRI Investments LLC now owns 340 shares of the industrial products company's stock worth $33,000 after acquiring an additional 165 shares during the last quarter. Blue Trust Inc. increased its position in AGCO by 102.4% during the 2nd quarter. Blue Trust Inc. now owns 344 shares of the industrial products company's stock worth $34,000 after purchasing an additional 174 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in AGCO by 132.9% in the third quarter. Venturi Wealth Management LLC now owns 368 shares of the industrial products company's stock valued at $36,000 after buying an additional 210 shares during the period. First Horizon Advisors Inc. lifted its position in AGCO by 69.0% during the second quarter. First Horizon Advisors Inc. now owns 409 shares of the industrial products company's stock valued at $40,000 after buying an additional 167 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake in AGCO by 50.2% during the third quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company's stock worth $41,000 after buying an additional 139 shares during the period. Institutional investors and hedge funds own 78.80% of the company's stock.

AGCO Stock Up 2.1 %

AGCO stock traded up $2.07 during mid-day trading on Thursday, hitting $101.46. 839,426 shares of the company were exchanged, compared to its average volume of 788,372. The firm has a fifty day simple moving average of $96.97 and a 200 day simple moving average of $97.32. The company has a market capitalization of $7.57 billion, a PE ratio of 44.89, a price-to-earnings-growth ratio of 0.57 and a beta of 1.25. AGCO Co. has a twelve month low of $84.35 and a twelve month high of $130.26. The company has a current ratio of 1.53, a quick ratio of 0.72 and a debt-to-equity ratio of 0.87.

AGCO (NYSE:AGCO - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.68 EPS for the quarter, missing analysts' consensus estimates of $1.08 by ($0.40). AGCO had a return on equity of 15.79% and a net margin of 1.35%. The firm had revenue of $2.60 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same quarter last year, the business posted $3.97 earnings per share. The firm's revenue for the quarter was down 24.8% on a year-over-year basis. On average, research analysts forecast that AGCO Co. will post 7.34 earnings per share for the current fiscal year.

AGCO Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Friday, November 15th. AGCO's dividend payout ratio (DPR) is presently 51.33%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Truist Financial increased their price target on AGCO from $118.00 to $127.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. Oppenheimer lowered their target price on AGCO from $131.00 to $111.00 and set an "outperform" rating for the company in a research note on Wednesday, November 6th. Robert W. Baird dropped their target price on AGCO from $139.00 to $129.00 and set an "outperform" rating on the stock in a report on Wednesday, July 31st. BMO Capital Markets assumed coverage on AGCO in a report on Friday, August 9th. They issued a "market perform" rating and a $96.00 price target for the company. Finally, Citigroup lifted their price objective on shares of AGCO from $88.00 to $100.00 and gave the company a "neutral" rating in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $114.40.

About AGCO

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.