AGCO (NYSE:AGCO) Cut to “Sell” at StockNews.com

StockNews.com downgraded shares of AGCO (NYSE:AGCO) from a hold rating to a sell rating in a report published on Thursday morning.

Other analysts have also issued reports about the stock. Citigroup boosted their price target on shares of AGCO from $95.00 to $98.00 and gave the stock a “neutral” rating in a research note on Monday, March 17th. Truist Financial increased their target price on shares of AGCO from $109.00 to $118.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Baird R W downgraded shares of AGCO from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 3rd. Robert W. Baird cut AGCO from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $116.00 to $100.00 in a research note on Monday, March 3rd. Finally, JPMorgan Chase & Co. boosted their target price on AGCO from $102.00 to $111.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $104.60.

AGCO Stock Down 3.3 %

AGCO stock opened at $79.45 on Thursday. The company has a market capitalization of $5.93 billion, a PE ratio of -13.96, a price-to-earnings-growth ratio of 1.80 and a beta of 1.16. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.63 and a current ratio of 1.34. AGCO has a fifty-two week low of $73.79 and a fifty-two week high of $125.76. The firm has a 50 day moving average price of $96.97 and a 200 day moving average price of $96.85.

AGCO (NYSE:AGCO) last issued its quarterly earnings data 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 negative net margin of 3.64% and a positive return on equity of 13.40%. Research analysts expect that AGCO will post 4.2 earnings per share for the current year.

AGCO Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were given a dividend of $0.29 per share. The ex-dividend date was Friday, February 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.46%. AGCO’s dividend payout ratio is currently -20.39%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AGCO. GeoWealth Management LLC acquired a new position in AGCO in the fourth quarter valued at approximately $27,000. Allworth Financial LP lifted its position in shares of AGCO by 333.3% during the 4th 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 last quarter. UMB Bank n.a. lifted its position in shares of 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 buying an additional 154 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new position in shares of AGCO in the 4th quarter valued at $33,000. Finally, LRI Investments LLC grew its position in shares of 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 last quarter. Hedge funds and other institutional investors own 78.80% of the company’s stock.

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.