AGCO Co. (NYSE:AGCO) Stake Decreased by Quadrant Capital Group LLC

Quadrant Capital Group LLC trimmed its holdings in AGCO Co. (NYSE:AGCO) by 19.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 751 shares of the industrial products company’s stock after selling 176 shares during the quarter. Quadrant Capital Group LLC’s holdings in AGCO were worth $70,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. State Street Corp lifted its stake in shares of AGCO by 4.3% in the 3rd quarter. State Street Corp now owns 1,978,963 shares of the industrial products company’s stock worth $193,661,000 after acquiring an additional 80,846 shares during the period. Geode Capital Management LLC lifted its position in AGCO by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 1,234,326 shares of the industrial products company’s stock worth $120,172,000 after purchasing an additional 29,099 shares during the period. Royal London Asset Management Ltd. increased its position in shares of AGCO by 21.6% during the 4th quarter. Royal London Asset Management Ltd. now owns 758,236 shares of the industrial products company’s stock valued at $70,880,000 after purchasing an additional 134,651 shares during the period. Principal Financial Group Inc. raised its stake in shares of AGCO by 4.0% in the 4th quarter. Principal Financial Group Inc. now owns 711,687 shares of the industrial products company’s stock worth $66,536,000 after buying an additional 27,438 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of AGCO by 23.6% in the fourth quarter. Bank of New York Mellon Corp now owns 699,435 shares of the industrial products company’s stock valued at $65,383,000 after buying an additional 133,492 shares during the period. 78.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on AGCO shares. StockNews.com upgraded shares of AGCO from a “sell” rating to a “hold” rating in a research report on Friday. Oppenheimer upped their price target on AGCO from $108.00 to $109.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. UBS Group reduced their price objective on AGCO from $100.00 to $88.00 and set a “neutral” rating for the company in a research note on Monday. Citigroup raised AGCO from a “neutral” rating to a “buy” rating and cut their target price for the stock from $98.00 to $90.00 in a research report on Tuesday. Finally, JPMorgan Chase & Co. lifted their price target on AGCO from $102.00 to $111.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 15th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $100.90.

AGCO Stock Down 2.1 %

AGCO stock opened at $84.04 on Friday. The firm’s 50 day moving average price is $94.13 and its two-hundred day moving average price is $96.24. The firm has a market cap of $6.27 billion, a PE ratio of -14.77, a P/E/G ratio of 1.80 and a beta of 1.16. AGCO Co. has a twelve month low of $73.79 and a twelve month high of $125.76. 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 (NYSE:AGCO) last posted its quarterly 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, research analysts predict that AGCO Co. will post 4.2 EPS for the current fiscal year.

AGCO Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.38%. AGCO’s payout ratio is -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.