Hilltop Holdings Inc. Lowers Position in AGCO Co. (AGCO)

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Hilltop Holdings Inc. reduced its position in AGCO Co. (NYSE:AGCO) by 31.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 7,283 shares of the industrial products company’s stock after selling 3,318 shares during the quarter. Hilltop Holdings Inc.’s holdings in AGCO were worth $406,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Arrowgrass Capital Partners US LP bought a new stake in shares of AGCO during the fourth quarter valued at about $8,907,000. Schafer Cullen Capital Management Inc bought a new stake in shares of AGCO during the fourth quarter valued at about $308,000. Two Sigma Advisers LP bought a new stake in shares of AGCO during the fourth quarter valued at about $9,305,000. Two Sigma Investments LP bought a new stake in shares of AGCO during the fourth quarter valued at about $7,014,000. Finally, Stone Ridge Asset Management LLC increased its position in shares of AGCO by 13.7% during the fourth quarter. Stone Ridge Asset Management LLC now owns 17,689 shares of the industrial products company’s stock valued at $985,000 after buying an additional 2,135 shares during the period. Institutional investors and hedge funds own 83.50% of the company’s stock.

AGCO has been the topic of several analyst reports. William Blair reiterated a “buy” rating on shares of AGCO in a research report on Wednesday, November 21st. Bank of America upgraded AGCO from an “underperform” rating to a “neutral” rating and upped their price target for the company from $58.00 to $63.00 in a research report on Monday, December 3rd. Royal Bank of Canada upgraded AGCO from a “sector perform” rating to an “outperform” rating in a research report on Monday, January 7th. They noted that the move was a valuation call. OTR Global raised AGCO to a “positive” rating in a report on Friday, January 18th. Finally, Credit Suisse Group reissued a “hold” rating and set a $63.00 price objective on shares of AGCO in a report on Tuesday, January 22nd. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $65.17.

Shares of NYSE AGCO opened at $67.96 on Thursday. AGCO Co. has a 12 month low of $49.50 and a 12 month high of $69.31. The company has a quick ratio of 0.59, a current ratio of 1.28 and a debt-to-equity ratio of 0.43. The stock has a market cap of $5.20 billion, a PE ratio of 17.47, a price-to-earnings-growth ratio of 1.01 and a beta of 0.89.

AGCO (NYSE:AGCO) last issued its quarterly earnings data on Tuesday, February 5th. The industrial products company reported $1.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.09. AGCO had a return on equity of 10.27% and a net margin of 3.05%. The company had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.58 billion. During the same quarter in the previous year, the firm earned $1.10 earnings per share. AGCO’s revenue was up 2.6% on a year-over-year basis. Sell-side analysts anticipate that AGCO Co. will post 4.67 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 15th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.88%. The ex-dividend date was Thursday, February 14th. AGCO’s payout ratio is 15.42%.

In other AGCO news, VP Gary L. Collar sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $64.44, for a total value of $322,200.00. Following the completion of the sale, the vice president now owns 81,401 shares of the company’s stock, valued at $5,245,480.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Lucinda B. Smith sold 3,300 shares of the company’s stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $65.00, for a total value of $214,500.00. Following the completion of the sale, the senior vice president now directly owns 42,438 shares of the company’s stock, valued at approximately $2,758,470. The disclosure for this sale can be found here. Insiders have sold 20,300 shares of company stock valued at $1,339,251 in the last three months. 16.70% of the stock is owned by insiders.

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AGCO Profile

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. The company offers high horsepower tractors for larger farms, primarily for row crop production; 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, and residential uses.

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Institutional Ownership by Quarter for AGCO (NYSE:AGCO)

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