Victory Capital Management Inc. Sells 100,551 Shares of AGCO Co. (NYSE:AGCO)

Victory Capital Management Inc. cut its stake in AGCO Co. (NYSE:AGCO - Free Report) by 2.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,426,674 shares of the industrial products company's stock after selling 100,551 shares during the period. Victory Capital Management Inc. owned about 4.59% of AGCO worth $320,325,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP boosted its position in AGCO by 333.3% during the 4th quarter. Allworth Financial LP now owns 286 shares of the industrial products company's stock valued at $30,000 after buying an additional 220 shares during the period. Brooklyn Investment Group purchased a new stake in AGCO in the third quarter worth $29,000. UMB Bank n.a. lifted its holdings in AGCO by 84.2% in 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. Venturi Wealth Management LLC lifted its holdings in shares of AGCO by 132.9% during the third quarter. Venturi Wealth Management LLC now owns 368 shares of the industrial products company's stock valued at $36,000 after purchasing an additional 210 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of 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 last quarter. Institutional investors own 78.80% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on AGCO. Morgan Stanley began coverage on shares of AGCO in a report on Tuesday, December 3rd. They issued an "equal weight" rating and a $101.00 target price for the company. Citigroup cut their target price on AGCO from $100.00 to $95.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 14th. Oppenheimer lifted 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. Robert W. Baird lowered shares of AGCO from an "outperform" rating to a "neutral" rating and reduced their price target for the stock from $116.00 to $100.00 in a research note on Monday. Finally, StockNews.com upgraded shares of AGCO from a "sell" rating to a "hold" rating in a research report on Friday, February 7th. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $104.30.

AGCO Stock Performance

Shares of NYSE:AGCO traded up $5.13 during midday trading on Thursday, hitting $96.71. The company had a trading volume of 939,695 shares, compared to its average volume of 790,157. AGCO Co. has a 12-month low of $84.35 and a 12-month high of $125.76. The company has a fifty day moving average of $97.85 and a two-hundred day moving average of $96.17. The company has a market cap of $7.21 billion, a price-to-earnings ratio of -17.00, 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 (EPS) 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 expect that AGCO Co. will post 4.2 EPS for the current fiscal year.

AGCO Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be given a $0.29 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.20%. AGCO's payout ratio is -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.