SG Americas Securities LLC Sells 18,097 Shares of AGCO Co. (NYSE:AGCO)

SG Americas Securities LLC decreased its stake in AGCO Co. (NYSE:AGCO - Free Report) by 88.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,333 shares of the industrial products company's stock after selling 18,097 shares during the quarter. SG Americas Securities LLC's holdings in AGCO were worth $218,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Gateway Investment Advisers LLC acquired a new position in AGCO in the 4th quarter valued at approximately $311,000. M&T Bank Corp raised its stake in shares of AGCO by 133.0% during the 3rd quarter. M&T Bank Corp now owns 84,441 shares of the industrial products company's stock worth $8,263,000 after purchasing an additional 48,198 shares in the last quarter. Royal London Asset Management Ltd. lifted 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 buying an additional 12,328 shares during the last quarter. Stratos Wealth Advisors LLC increased its holdings in AGCO by 42.3% in the third quarter. Stratos Wealth Advisors LLC now owns 17,064 shares of the industrial products company's stock worth $1,670,000 after buying an additional 5,069 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in AGCO by 28.2% in the third quarter. Principal Financial Group Inc. now owns 684,249 shares of the industrial products company's stock worth $66,959,000 after buying an additional 150,656 shares during the last quarter. Institutional investors and hedge funds own 78.80% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. StockNews.com raised AGCO from a "sell" rating to a "hold" rating in a research note on Friday. Citigroup cut their target price on shares of AGCO from $100.00 to $95.00 and set a "neutral" rating for the company in a research report on Tuesday, January 14th. Morgan Stanley started coverage on AGCO in a research note on Tuesday, December 3rd. They issued an "equal weight" rating and a $101.00 price objective on the stock. Truist Financial raised their target price on AGCO from $109.00 to $118.00 and gave the company a "buy" rating in a report on Thursday, January 16th. Finally, Oppenheimer increased their price objective on AGCO from $108.00 to $109.00 and gave the company an "outperform" rating in a research report on Tuesday, January 28th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $107.20.

AGCO Trading Down 1.5 %

Shares of AGCO stock traded down $1.45 during trading hours on Tuesday, reaching $95.96. The company had a trading volume of 876,448 shares, compared to its average volume of 747,924. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.34 and a quick ratio of 0.72. AGCO Co. has a 1-year low of $84.35 and a 1-year high of $125.76. The company has a 50 day moving average of $97.68 and a 200 day moving average of $95.46. The firm has a market cap of $7.16 billion, a price-to-earnings ratio of -16.86, a P/E/G ratio of 0.97 and a beta of 1.25.

AGCO (NYSE:AGCO - Get Free Report) last announced its earnings results 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 positive return on equity of 13.40% and a negative net margin of 3.64%. On average, equities research analysts anticipate that AGCO Co. will post 4.22 EPS for the current year.

AGCO Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.29 per share. The ex-dividend date is Friday, February 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.21%. AGCO's dividend payout ratio is currently -20.39%.

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.