Natixis Advisors LLC Has $3.73 Million Stake in AGCO Co. (NYSE:AGCO)

Natixis Advisors LLC decreased its position in AGCO Co. (NYSE:AGCO) by 1.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,093 shares of the industrial products company’s stock after selling 657 shares during the quarter. Natixis Advisors LLC’s holdings in AGCO were worth $3,728,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Great Valley Advisor Group Inc. raised its stake in AGCO by 30.0% during the second quarter. Great Valley Advisor Group Inc. now owns 31,039 shares of the industrial products company’s stock worth $3,038,000 after acquiring an additional 7,171 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of AGCO by 146.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 85,658 shares of the industrial products company’s stock worth $10,538,000 after purchasing an additional 50,892 shares during the period. Cetera Investment Advisers boosted its stake in AGCO by 377.0% during the 1st quarter. Cetera Investment Advisers now owns 17,695 shares of the industrial products company’s stock worth $2,177,000 after acquiring an additional 13,985 shares during the last quarter. Stratos Wealth Advisors LLC grew its holdings in shares of AGCO by 42.3% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 17,064 shares of the industrial products company’s stock valued at $1,670,000 after buying an additional 5,069 shares during the period. Finally, Zurich Insurance Group Ltd FI bought a new position in AGCO during the first quarter worth about $1,304,000. 78.80% of the stock is owned by institutional investors.

AGCO Price Performance

AGCO stock opened at $98.43 on Friday. The stock has a market cap of $7.35 billion, a price-to-earnings ratio of 43.54, a P/E/G ratio of 0.55 and a beta of 1.25. AGCO Co. has a 1 year low of $84.35 and a 1 year high of $130.26. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 0.72. The company has a 50 day simple moving average of $96.49 and a 200 day simple moving average of $97.76.

AGCO (NYSE:AGCO) last posted its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.40). The company had revenue of $2.60 billion during the quarter, compared to analyst estimates of $2.90 billion. AGCO had a return on equity of 15.79% and a net margin of 1.35%. AGCO’s revenue was down 24.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.97 earnings per share. Research analysts anticipate that AGCO Co. will post 7.34 EPS for the current fiscal year.

AGCO Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.29 per share. The ex-dividend date is Friday, November 15th. This represents a $1.16 annualized dividend and a dividend yield of 1.18%. AGCO’s dividend payout ratio is currently 51.33%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on AGCO shares. BMO Capital Markets began coverage on AGCO in a research report on Friday, August 9th. They issued a “market perform” rating and a $96.00 price objective for the company. Citigroup raised their target price on shares of AGCO from $88.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. StockNews.com cut shares of AGCO from a “hold” rating to a “sell” rating in a research report on Wednesday. The Goldman Sachs Group cut their price objective on AGCO from $112.00 to $99.00 and set a “neutral” rating for the company in a report on Wednesday, November 6th. Finally, Robert W. Baird lowered their price target on AGCO from $139.00 to $129.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $114.40.

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.