Robeco Institutional Asset Management B.V. Sells 138,074 Shares of AGCO Co. (NYSE:AGCO)

Robeco Institutional Asset Management B.V. lowered its position in AGCO Co. (NYSE:AGCO - Free Report) by 87.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,781 shares of the industrial products company's stock after selling 138,074 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in AGCO were worth $1,936,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. LRI Investments LLC purchased a new stake in AGCO during the first quarter valued at about $30,000. Blue Trust Inc. boosted its holdings in AGCO by 102.4% during the 2nd quarter. Blue Trust Inc. now owns 344 shares of the industrial products company's stock valued at $34,000 after acquiring an additional 174 shares during the period. First Horizon Advisors Inc. grew its position in AGCO by 69.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 409 shares of the industrial products company's stock worth $40,000 after acquiring an additional 167 shares during the last quarter. Farther Finance Advisors LLC increased its stake in AGCO by 50.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company's stock worth $41,000 after purchasing an additional 139 shares during the period. Finally, Bessemer Group Inc. lifted its position in AGCO by 2,238.9% in the first quarter. Bessemer Group Inc. now owns 421 shares of the industrial products company's stock valued at $51,000 after purchasing an additional 403 shares during the last quarter. 78.80% of the stock is currently owned by institutional investors.

AGCO Stock Down 2.4 %

Shares of NYSE AGCO traded down $2.26 on Friday, reaching $91.86. 1,041,947 shares of the company's stock traded hands, compared to its average volume of 826,163. 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 simple moving average is $95.69 and its two-hundred day simple moving average is $99.04. AGCO Co. has a 12 month low of $84.35 and a 12 month high of $130.26. The company has a market cap of $6.86 billion, a price-to-earnings ratio of 40.65, a price-to-earnings-growth ratio of 0.94 and a beta of 1.25.

AGCO (NYSE:AGCO - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.08 by ($0.40). AGCO had a net margin of 1.35% and a return on equity of 15.79%. The company had revenue of $2.60 billion for the quarter, compared to analysts' expectations of $2.90 billion. During the same quarter in the previous year, the firm posted $3.97 EPS. The firm's quarterly revenue was down 24.8% compared to the same quarter last year. As a group, equities research analysts forecast that AGCO Co. will post 7.48 EPS for the current fiscal year.

AGCO Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be issued a $0.29 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.16 annualized dividend and a yield of 1.26%. AGCO's dividend payout ratio (DPR) is presently 51.33%.

Analysts Set New Price Targets

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

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.