Sequoia Financial Advisors LLC Acquires 1,464 Shares of AGCO Co. (NYSE:AGCO)

Sequoia Financial Advisors LLC grew its stake in AGCO Co. (NYSE:AGCO) by 57.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,991 shares of the industrial products company’s stock after buying an additional 1,464 shares during the period. Sequoia Financial Advisors LLC’s holdings in AGCO were worth $373,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pacer Advisors Inc. lifted its stake in AGCO by 34.3% in the third quarter. Pacer Advisors Inc. now owns 2,110,408 shares of the industrial products company’s stock valued at $206,525,000 after buying an additional 538,955 shares during the period. Edge Capital Group LLC acquired a new stake in shares of AGCO in the 4th quarter valued at approximately $39,269,000. Barclays PLC boosted its stake in AGCO by 386.8% during the 3rd quarter. Barclays PLC now owns 249,209 shares of the industrial products company’s stock worth $24,389,000 after acquiring an additional 198,014 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in AGCO by 67.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 457,175 shares of the industrial products company’s stock valued at $44,739,000 after purchasing an additional 183,688 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in AGCO in the fourth quarter valued at approximately $16,845,000. 78.80% of the stock is currently owned by institutional investors.

AGCO Trading Down 0.4 %

AGCO stock opened at $94.89 on Wednesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.34 and a quick ratio of 0.63. The firm has a 50-day moving average of $98.60 and a 200-day moving average of $96.64. The company has a market cap of $7.08 billion, a price-to-earnings ratio of -16.68, a P/E/G ratio of 1.80 and a beta of 1.24. AGCO Co. has a one year low of $84.35 and a one year high of $125.76.

AGCO (NYSE:AGCO) last issued its earnings results 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 positive return on equity of 13.40% and a negative net margin of 3.64%. On average, equities analysts expect that AGCO Co. will post 4.2 earnings per share for the current fiscal year.

AGCO Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.22%. The ex-dividend date was Friday, February 14th. AGCO’s payout ratio is presently -20.39%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AGCO. Truist Financial lifted their price target 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. Baird R W lowered AGCO from a “strong-buy” rating to a “hold” rating in a report on Monday, March 3rd. StockNews.com raised AGCO from a “sell” rating to a “hold” rating in a research report on Friday, February 7th. Robert W. Baird cut AGCO from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $116.00 to $100.00 in a report on Monday, March 3rd. Finally, Oppenheimer increased their target price on AGCO from $108.00 to $109.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Ten 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 an average rating of “Hold” and a consensus target price of $104.60.

About AGCO

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.