AGCO Co. (NYSE:AGCO) Shares Sold by Mirova US LLC

Mirova US LLC reduced its stake in shares of AGCO Co. (NYSE:AGCO) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,172,381 shares of the industrial products company’s stock after selling 34,807 shares during the period. AGCO comprises approximately 1.3% of Mirova US LLC’s holdings, making the stock its 28th biggest position. Mirova US LLC owned 1.57% of AGCO worth $109,594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of AGCO. Brooklyn Investment Group acquired a new position in shares of AGCO in the 3rd quarter worth approximately $29,000. Allworth Financial LP grew its stake in shares of AGCO by 333.3% in the 4th 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 last quarter. UMB Bank n.a. grew its stake 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 worth $32,000 after purchasing an additional 154 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new position in shares of AGCO in the 4th quarter worth approximately $33,000. Finally, LRI Investments LLC grew its stake 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 worth $47,000 after purchasing an additional 170 shares during the last quarter. 78.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AGCO has been the topic of several analyst reports. StockNews.com raised shares of AGCO from a “sell” rating to a “hold” rating in a research report on Friday, February 7th. Morgan Stanley started coverage on shares of AGCO in a report on Tuesday, December 3rd. They set an “equal weight” rating and a $101.00 price objective for the company. Robert W. Baird cut shares of AGCO from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $116.00 to $100.00 in a research note on Monday, March 3rd. 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 research report on Thursday, January 16th. Finally, Oppenheimer increased their price objective on shares of AGCO from $108.00 to $109.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Ten equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, AGCO presently has a consensus rating of “Hold” and a consensus price target of $104.60.

AGCO Price Performance

Shares of NYSE:AGCO opened at $95.43 on Tuesday. 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 Co. has a twelve month low of $84.35 and a twelve month high of $125.76. The stock’s 50 day moving average is $98.54 and its 200-day moving average is $96.61. The firm has a market capitalization of $7.12 billion, a price-to-earnings ratio of -16.77, a PEG 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 EPS 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%. Sell-side analysts forecast that AGCO Co. will post 4.2 EPS for the current fiscal year.

AGCO Dividend Announcement

The firm also recently announced 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. This represents a $1.16 annualized dividend and a dividend yield of 1.22%. The ex-dividend date was Friday, February 14th. AGCO’s dividend payout ratio is presently -20.39%.

AGCO 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.