Robecosam AG lowered its holdings in shares of AGCO Co. (NYSE:AGCO) by 29.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,651 shares of the industrial products company’s stock after selling 5,794 shares during the quarter. Robecosam AG’s holdings in AGCO were worth $987,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Invictus RG raised its holdings in AGCO by 265.9% in the 3rd quarter. Invictus RG now owns 1,460 shares of the industrial products company’s stock worth $108,000 after acquiring an additional 1,061 shares during the period. Hirtle Callaghan & Co LLC bought a new position in AGCO in the 4th quarter worth $163,000. Tower Research Capital LLC TRC bought a new position in AGCO in the 4th quarter worth $188,000. Advisor Group Inc. raised its holdings in AGCO by 187.9% in the 4th quarter. Advisor Group Inc. now owns 2,709 shares of the industrial products company’s stock worth $192,000 after acquiring an additional 1,768 shares during the period. Finally, Toronto Dominion Bank raised its holdings in AGCO by 240.4% in the 3rd quarter. Toronto Dominion Bank now owns 2,686 shares of the industrial products company’s stock worth $198,000 after acquiring an additional 1,897 shares during the period. Institutional investors and hedge funds own 81.99% of the company’s stock.

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Shares of AGCO Co. (AGCO) opened at $67.64 on Wednesday. The company has a quick ratio of 0.66, a current ratio of 1.37 and a debt-to-equity ratio of 0.52. The stock has a market cap of $5,336.59, a price-to-earnings ratio of 29.16, a price-to-earnings-growth ratio of 1.45 and a beta of 0.82. AGCO Co. has a 12-month low of $58.00 and a 12-month high of $75.95.

AGCO (NYSE:AGCO) last posted its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by ($0.01). The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.40 billion. AGCO had a return on equity of 8.04% and a net margin of 2.24%. The business’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.84 earnings per share. sell-side analysts predict that AGCO Co. will post 3.69 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, February 15th will be given a dividend of $0.15 per share. This is a positive change from AGCO’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend is Wednesday, February 14th. AGCO’s payout ratio is 25.86%.

In other news, VP Richard Robinson Smith sold 2,567 shares of AGCO stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $67.72, for a total transaction of $173,837.24. Following the sale, the vice president now directly owns 33,431 shares in the company, valued at approximately $2,263,947.32. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last quarter, insiders have sold 4,385 shares of company stock worth $268,581. 16.60% of the stock is owned by company insiders.

Several research analysts recently commented on AGCO shares. Royal Bank of Canada reiterated a “hold” rating and issued a $79.00 target price on shares of AGCO in a report on Thursday, January 11th. Credit Suisse Group dropped their target price on shares of AGCO from $75.00 to $72.00 and set a “neutral” rating on the stock in a report on Wednesday, February 7th. Barclays started coverage on shares of AGCO in a report on Tuesday, December 12th. They issued an “equal weight” rating and a $75.00 target price on the stock. Goldman Sachs Group upgraded shares of AGCO from a “neutral” rating to a “buy” rating and set a $90.00 target price on the stock in a report on Thursday, November 30th. Finally, Bank of America dropped their target price on shares of AGCO from $70.00 to $64.00 and set an “underperform” rating on the stock in a report on Wednesday, February 7th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $72.80.

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About AGCO

AGCO Corporation is a manufacturer and distributor of agricultural equipment and related replacement parts. The Company sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage equipment, implements, and grain storage and protein production systems.

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Institutional Ownership by Quarter for AGCO (NYSE:AGCO)

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