AEGON ASSET MANAGEMENT UK Plc Sells 70,400 Shares of AGCO Co. (NYSE:AGCO)

AEGON ASSET MANAGEMENT UK Plc lessened its stake in AGCO Co. (NYSE:AGCO) by 37.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 119,823 shares of the industrial products company’s stock after selling 70,400 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc owned approximately 0.16% of AGCO worth $11,194,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Pacer Advisors Inc. grew its position in AGCO by 34.3% in the 3rd quarter. Pacer Advisors Inc. now owns 2,110,408 shares of the industrial products company’s stock worth $206,525,000 after purchasing an additional 538,955 shares in the last quarter. Barclays PLC increased its position in shares of AGCO by 386.8% during the third quarter. Barclays PLC now owns 249,209 shares of the industrial products company’s stock valued at $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 lifted 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 worth $44,739,000 after acquiring an additional 183,688 shares during the period. Principal Financial Group Inc. boosted its position in AGCO by 28.2% in the third quarter. Principal Financial Group Inc. now owns 684,249 shares of the industrial products company’s stock worth $66,959,000 after purchasing an additional 150,656 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC bought a new position in AGCO in the 3rd quarter valued at $13,242,000. Institutional investors own 78.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AGCO. Truist Financial lifted their target price on AGCO from $109.00 to $118.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. JPMorgan Chase & Co. boosted their target price on shares of AGCO from $102.00 to $111.00 and gave the company an “overweight” rating in a research note on Wednesday, January 15th. Citigroup decreased their price target on shares of AGCO from $100.00 to $95.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. The Goldman Sachs Group dropped their price objective on AGCO from $112.00 to $99.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 6th. Finally, StockNews.com raised AGCO from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $107.40.

AGCO Stock Up 0.1 %

Shares of NYSE AGCO opened at $105.17 on Friday. The company has a quick ratio of 0.72, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The company has a market cap of $7.85 billion, a P/E ratio of 46.53, a P/E/G ratio of 1.03 and a beta of 1.25. AGCO Co. has a 52 week low of $84.35 and a 52 week high of $130.26. The business has a 50-day simple moving average of $96.69 and a two-hundred day simple moving average of $95.25.

AGCO (NYSE:AGCO) last released 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). AGCO had a net margin of 1.35% and a return on equity of 15.79%. The firm had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter last year, the business posted $3.97 earnings per share. AGCO’s revenue was down 24.8% compared to the same quarter last year. Research analysts anticipate that AGCO Co. will post 7.33 earnings per share for the current fiscal year.

AGCO Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be given a $0.29 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.10%. AGCO’s dividend payout ratio (DPR) is presently 51.33%.

AGCO Company 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.