River Global Investors LLP Trims Position in AGCO Co. (NYSE:AGCO)

River Global Investors LLP trimmed its position in AGCO Co. (NYSE:AGCO) by 28.2% during the 4th quarter, HoldingsChannel reports. The firm owned 12,120 shares of the industrial products company’s stock after selling 4,770 shares during the period. River Global Investors LLP’s holdings in AGCO were worth $1,133,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of AGCO. CIBC Asset Management Inc lifted its stake in shares of AGCO by 5.1% in the 4th quarter. CIBC Asset Management Inc now owns 2,265 shares of the industrial products company’s stock worth $212,000 after purchasing an additional 110 shares during the period. First Horizon Advisors Inc. raised its position in AGCO by 28.6% in the third quarter. First Horizon Advisors Inc. now owns 526 shares of the industrial products company’s stock worth $51,000 after acquiring an additional 117 shares during the period. Inspire Investing LLC boosted its stake in shares of AGCO by 2.8% during the 4th quarter. Inspire Investing LLC now owns 4,299 shares of the industrial products company’s stock worth $402,000 after acquiring an additional 118 shares during the last quarter. Oppenheimer & Co. Inc. grew its position in shares of AGCO by 0.7% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 17,022 shares of the industrial products company’s stock valued at $1,666,000 after acquiring an additional 126 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in shares of AGCO by 50.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 139 shares in the last quarter. 78.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on AGCO shares. JPMorgan Chase & Co. lifted their target price on AGCO from $102.00 to $111.00 and gave the company an “overweight” rating in a research report on Wednesday, January 15th. Morgan Stanley assumed coverage on AGCO in a research report on Tuesday, December 3rd. They set an “equal weight” rating and a $101.00 price objective on the stock. Robert W. Baird lowered shares of AGCO from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $116.00 to $100.00 in a report on Monday, March 3rd. StockNews.com raised shares of AGCO from a “sell” rating to a “hold” rating in a report on Friday, February 7th. Finally, Oppenheimer upped their price target on shares of AGCO from $108.00 to $109.00 and gave the stock 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $104.30.

AGCO Stock Up 6.4 %

Shares of AGCO stock opened at $102.94 on Friday. The company’s fifty day simple moving average is $98.11 and its two-hundred day simple moving average is $96.27. AGCO Co. has a 52 week low of $84.35 and a 52 week high of $125.76. The stock has a market cap of $7.68 billion, a P/E ratio of -18.09, a PEG ratio of 1.80 and a beta of 1.24. The company has a quick ratio of 0.63, a current ratio of 1.34 and a debt-to-equity ratio of 0.60.

AGCO (NYSE:AGCO) last posted its earnings results on Thursday, February 6th. The industrial products company reported $1.97 EPS 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%. Analysts predict that AGCO Co. will post 4.2 EPS for the current fiscal year.

AGCO Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.13%. 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.