Quadrature Capital Ltd Sells 16,375 Shares of AGCO Co. (NYSE:AGCO)

Quadrature Capital Ltd decreased its holdings in AGCO Co. (NYSE:AGCO - Free Report) by 86.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,588 shares of the industrial products company's stock after selling 16,375 shares during the quarter. Quadrature Capital Ltd's holdings in AGCO were worth $254,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Royal London Asset Management Ltd. grew its holdings in shares of AGCO by 2.0% during the 3rd quarter. Royal London Asset Management Ltd. now owns 623,585 shares of the industrial products company's stock valued at $61,024,000 after purchasing an additional 12,328 shares during the last quarter. Stratos Wealth Advisors LLC grew its holdings in AGCO by 42.3% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 17,064 shares of the industrial products company's stock worth $1,670,000 after acquiring an additional 5,069 shares during the last quarter. Crossmark Global Holdings Inc. grew its holdings in AGCO by 150.1% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 16,591 shares of the industrial products company's stock worth $1,624,000 after acquiring an additional 9,956 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in AGCO by 3.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 454,138 shares of the industrial products company's stock worth $44,442,000 after acquiring an additional 13,737 shares during the last quarter. Finally, Raymond James & Associates grew its holdings in AGCO by 50.4% during the 3rd quarter. Raymond James & Associates now owns 173,669 shares of the industrial products company's stock worth $16,995,000 after acquiring an additional 58,160 shares during the last quarter. Institutional investors and hedge funds own 78.80% of the company's stock.

AGCO Stock Up 0.9 %

AGCO traded up $0.84 during trading on Wednesday, hitting $98.89. 492,309 shares of the company's stock were exchanged, compared to its average volume of 788,144. The company has a quick ratio of 0.72, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The business's 50 day moving average is $97.54 and its two-hundred day moving average is $96.47. AGCO Co. has a fifty-two week low of $84.35 and a fifty-two week high of $130.26. The stock has a market cap of $7.38 billion, a P/E ratio of 43.41, a PEG ratio of 0.55 and a beta of 1.24.

AGCO (NYSE:AGCO - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.40). AGCO had a return on equity of 15.79% and a net margin of 1.35%. The business had revenue of $2.60 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the previous year, the company posted $3.97 EPS. The business's quarterly revenue was down 24.8% on a year-over-year basis. As a group, equities analysts expect that AGCO Co. will post 7.36 earnings per share for the current fiscal year.

AGCO Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.16 annualized dividend and a dividend yield of 1.17%. AGCO's payout ratio is 51.33%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Citigroup upped their price objective on shares of AGCO from $95.00 to $100.00 and gave the company a "neutral" rating in a research note on Monday. Truist Financial upped their price objective on shares of AGCO from $118.00 to $127.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. Oppenheimer reduced their price objective on shares of AGCO from $131.00 to $111.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 6th. The Goldman Sachs Group reduced their price objective on shares of AGCO from $112.00 to $99.00 and set a "neutral" rating on the stock in a research note on Wednesday, November 6th. Finally, Morgan Stanley initiated coverage on shares of AGCO in a research note on Tuesday, December 3rd. They issued an "equal weight" rating and a $101.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $113.18.

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.