Vanguard Group Inc. Has $675.91 Million Stake in AGCO Co. (NYSE:AGCO)

Vanguard Group Inc. reduced its stake in AGCO Co. (NYSE:AGCO) by 6.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,230,525 shares of the industrial products company’s stock after selling 509,783 shares during the quarter. Vanguard Group Inc. owned 0.10% of AGCO worth $675,909,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in AGCO. Brooklyn Investment Group bought a new stake in shares of AGCO during the 3rd quarter valued at $29,000. Allworth Financial LP lifted its position 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 purchasing an additional 220 shares during the period. UMB Bank n.a. lifted its position in AGCO by 84.2% during the fourth 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 during the fourth quarter worth about $33,000. Finally, LRI Investments LLC increased its holdings in AGCO by 50.0% in the 3rd quarter. LRI Investments LLC now owns 510 shares of the industrial products company’s stock valued at $47,000 after buying an additional 170 shares during the period. Institutional investors and hedge funds own 78.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on AGCO shares. Truist Financial upped their price target on shares of AGCO from $109.00 to $118.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Citigroup upped their target price on AGCO from $95.00 to $98.00 and gave the stock a “neutral” rating in a research note on Monday, March 17th. Robert W. Baird lowered AGCO from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $116.00 to $100.00 in a research note on Monday, March 3rd. StockNews.com upgraded AGCO from a “sell” rating to a “hold” rating in a research report on Friday, February 7th. Finally, Oppenheimer lifted their target price on AGCO from $108.00 to $109.00 and gave the company an “outperform” rating in a research 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $104.60.

AGCO Stock Performance

AGCO stock opened at $93.58 on Monday. The business has a 50 day moving average of $98.56 and a 200-day moving average of $97.00. 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 Co. has a 1 year low of $84.35 and a 1 year high of $125.76. The company has a market capitalization of $6.98 billion, a P/E ratio of -16.45, a P/E/G ratio of 1.80 and a beta of 1.24.

AGCO (NYSE:AGCO) last released its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.97 earnings per share (EPS) for the quarter, missing the consensus estimate 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 year.

AGCO Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend was Friday, February 14th. AGCO’s dividend payout ratio is currently -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.