AGCO Co. (NYSE:AGCO) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. decreased its position in AGCO Co. (NYSE:AGCO) by 42.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,830 shares of the industrial products company’s stock after selling 5,100 shares during the quarter. Daiwa Securities Group Inc.’s holdings in AGCO were worth $638,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in AGCO. Allworth Financial LP boosted its position in shares of AGCO by 333.3% in the fourth quarter. Allworth Financial LP now owns 286 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 220 shares during the last quarter. Brooklyn Investment Group purchased a new position in AGCO during the third quarter worth approximately $29,000. UMB Bank n.a. boosted its holdings in shares of AGCO by 84.2% in the 4th quarter. UMB Bank n.a. now owns 337 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 154 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new stake in shares of AGCO during the 4th quarter valued at $33,000. Finally, Jones Financial Companies Lllp increased its holdings in shares of AGCO by 112.3% during the 4th quarter. Jones Financial Companies Lllp now owns 501 shares of the industrial products company’s stock worth $47,000 after buying an additional 265 shares during the last quarter. Institutional investors and hedge funds own 78.80% of the company’s stock.

AGCO Trading Up 2.1 %

Shares of AGCO opened at $94.10 on Monday. The stock’s 50-day moving average is $98.45 and its two-hundred day moving average is $96.58. The stock has a market cap of $7.02 billion, a PE ratio of -16.54, a P/E/G ratio of 1.80 and a beta of 1.24. AGCO Co. has a 12 month low of $84.35 and a 12 month high of $125.76. 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) last released its quarterly 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%. Equities analysts forecast that AGCO Co. will post 4.2 earnings per share for the current fiscal year.

AGCO Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.23%. The ex-dividend date was Friday, February 14th. AGCO’s dividend payout ratio (DPR) is -20.39%.

Analyst Ratings Changes

A number of brokerages recently weighed in on AGCO. StockNews.com upgraded AGCO from a “sell” rating to a “hold” rating in a report on Friday, February 7th. JPMorgan Chase & Co. lifted their target price on AGCO from $102.00 to $111.00 and gave the company an “overweight” rating in a report on Wednesday, January 15th. Morgan Stanley began coverage on AGCO in a report on Tuesday, December 3rd. They issued an “equal weight” rating and a $101.00 target price on the stock. Baird R W cut AGCO from a “strong-buy” rating to a “hold” rating in a report on Monday, March 3rd. Finally, Oppenheimer lifted their target price on AGCO from $108.00 to $109.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, AGCO presently has an average rating of “Hold” and a consensus target price of $104.30.

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.