Blair William & Co. IL Lowers Stock Position in AGCO Co. (NYSE:AGCO)

Blair William & Co. IL reduced its position in AGCO Co. (NYSE:AGCO) by 59.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,967 shares of the industrial products company’s stock after selling 33,654 shares during the quarter. Blair William & Co. IL’s holdings in AGCO were worth $2,147,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP grew its stake 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. boosted its position in AGCO by 84.2% during the 4th quarter. UMB Bank n.a. now owns 337 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 154 shares during the period. Cullen Frost Bankers Inc. acquired a new stake in AGCO in the 4th quarter valued at $33,000. Jones Financial Companies Lllp raised its position in AGCO by 112.3% in the fourth quarter. Jones Financial Companies Lllp now owns 501 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 265 shares during the period. Finally, LRI Investments LLC lifted its stake in shares of AGCO by 50.0% during the third quarter. LRI Investments LLC now owns 510 shares of the industrial products company’s stock worth $47,000 after purchasing an additional 170 shares in the last quarter. Institutional investors and hedge funds own 78.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Morgan Stanley initiated coverage on AGCO in a research note on Tuesday, December 3rd. They issued an “equal weight” rating and a $101.00 target price for the company. Truist Financial lifted their price objective on shares of AGCO from $109.00 to $118.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. JPMorgan Chase & Co. upped their target price on shares of AGCO from $102.00 to $111.00 and gave the company an “overweight” rating in a research note on Wednesday, January 15th. Baird R W downgraded shares of AGCO from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 3rd. Finally, StockNews.com upgraded AGCO from a “sell” rating to a “hold” rating in a research note on Friday, February 7th. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $104.60.

AGCO Price Performance

Shares of AGCO opened at $92.69 on Wednesday. The company has a current ratio of 1.34, a quick ratio of 0.63 and a debt-to-equity ratio of 0.60. The firm has a market cap of $6.91 billion, a price-to-earnings ratio of -16.29, a PEG ratio of 1.80 and a beta of 1.24. AGCO Co. has a 52 week low of $84.35 and a 52 week high of $125.76. The stock has a 50 day moving average of $98.16 and a 200-day moving average of $97.03.

AGCO (NYSE:AGCO) last issued its earnings results 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 positive return on equity of 13.40% and a negative net margin of 3.64%. As a group, analysts forecast that AGCO Co. will post 4.2 EPS for the current year.

AGCO Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend was Friday, February 14th. AGCO’s dividend payout ratio (DPR) is presently -20.39%.

About AGCO

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.