AGCO Co. (NYSE:AGCO) Stock Position Trimmed by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its position in AGCO Co. (NYSE:AGCO - Free Report) by 10.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 98,331 shares of the industrial products company's stock after selling 11,162 shares during the period. Thrivent Financial for Lutherans owned about 0.13% of AGCO worth $9,192,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp raised its holdings in AGCO by 4.3% in the 3rd quarter. State Street Corp now owns 1,978,963 shares of the industrial products company's stock valued at $193,661,000 after acquiring an additional 80,846 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of AGCO by 3.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,857,505 shares of the industrial products company's stock valued at $181,775,000 after purchasing an additional 66,303 shares during the period. Geode Capital Management LLC increased its stake in AGCO by 7.2% in the third quarter. Geode Capital Management LLC now owns 1,205,227 shares of the industrial products company's stock valued at $121,121,000 after purchasing an additional 80,516 shares during the last quarter. Principal Financial Group Inc. lifted its position in AGCO by 4.0% during the fourth quarter. Principal Financial Group Inc. now owns 711,687 shares of the industrial products company's stock worth $66,536,000 after buying an additional 27,438 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in AGCO by 23.6% in the 4th quarter. Bank of New York Mellon Corp now owns 699,435 shares of the industrial products company's stock worth $65,383,000 after buying an additional 133,492 shares during the last quarter. Hedge funds and other institutional investors own 78.80% of the company's stock.

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AGCO Stock Performance

Shares of AGCO stock traded up $2.30 on Wednesday, hitting $97.31. 745,762 shares of the stock traded hands, compared to its average volume of 820,822. The company's fifty day moving average is $98.75 and its 200 day moving average is $96.84. AGCO Co. has a 1-year low of $84.35 and a 1-year high of $125.76. The company has a market capitalization of $7.26 billion, a PE ratio of -17.10, a PEG ratio of 1.80 and a beta of 1.24. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.34 and a quick ratio of 0.63.

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

AGCO Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.19%. The ex-dividend date was Friday, February 14th. AGCO's dividend payout ratio (DPR) is -20.39%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AGCO. StockNews.com raised shares of AGCO from a "sell" rating to a "hold" rating in a research report on Friday, February 7th. Oppenheimer raised their price objective on AGCO from $108.00 to $109.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. Morgan Stanley assumed coverage on shares of AGCO in a research report on Tuesday, December 3rd. They set an "equal weight" rating and a $101.00 price target on the stock. Robert W. Baird lowered shares of AGCO from an "outperform" rating to a "neutral" rating and dropped their price objective for the stock from $116.00 to $100.00 in a research report on Monday, March 3rd. Finally, Baird R W lowered shares of AGCO from a "strong-buy" rating to a "hold" rating in a report on Monday, March 3rd. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $104.60.

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.