AGCO Co. (NYSE:AGCO) Shares Sold by River Global Investors LLP

River Global Investors LLP cut its stake in AGCO Co. (NYSE:AGCO - Free Report) by 28.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,120 shares of the industrial products company's stock after selling 4,770 shares during the period. River Global Investors LLP's holdings in AGCO were worth $1,133,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Brooklyn Investment Group acquired a new stake in shares of AGCO during the third quarter worth about $29,000. Allworth Financial LP increased 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 worth $30,000 after buying an additional 220 shares during the period. UMB Bank n.a. increased 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 worth $32,000 after buying an additional 154 shares during the period. Cullen Frost Bankers Inc. purchased a new stake in AGCO in the fourth quarter valued at approximately $33,000. Finally, Venturi Wealth Management LLC boosted its holdings in shares of 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 acquiring an additional 210 shares during the period. Institutional investors and hedge funds own 78.80% of the company's stock.

AGCO Price Performance

AGCO stock traded down $3.62 during midday trading on Wednesday, reaching $94.23. The company's stock had a trading volume of 1,095,309 shares, compared to its average volume of 825,281. The firm has a market capitalization of $7.03 billion, a PE ratio of -16.56, a P/E/G ratio of 1.80 and a beta of 1.24. AGCO Co. has a fifty-two week low of $84.35 and a fifty-two week high of $125.76. The stock's 50 day simple moving average is $98.38 and its 200 day simple moving average is $96.52. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.63 and a current ratio of 1.34.

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

AGCO Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.23%. The ex-dividend date is Friday, February 14th. AGCO's payout ratio is currently -20.39%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on AGCO shares. JPMorgan Chase & Co. lifted their target price on shares of AGCO from $102.00 to $111.00 and gave the company an "overweight" rating in a report on Wednesday, January 15th. StockNews.com raised shares of AGCO from a "sell" rating to a "hold" rating in a report on Friday, February 7th. Morgan Stanley assumed coverage on AGCO in a report on Tuesday, December 3rd. They set an "equal weight" rating and a $101.00 price target on the stock. Truist Financial upped their price objective on AGCO from $109.00 to $118.00 and gave the company a "buy" rating in a research note on Thursday, January 16th. Finally, Robert W. Baird downgraded AGCO from an "outperform" rating to a "neutral" rating and lowered their target price for the company from $116.00 to $100.00 in a research note on Monday, March 3rd. Ten equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $104.30.

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.