River Global Investors LLP Sells 4,770 Shares of AGCO Co. (NYSE:AGCO)

River Global Investors LLP lowered its holdings in AGCO Co. (NYSE:AGCO) by 28.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 12,120 shares of the industrial products company’s stock after selling 4,770 shares during the quarter. River Global Investors LLP’s holdings in AGCO were worth $1,133,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Allworth Financial LP lifted its stake in AGCO by 333.3% in the fourth quarter. Allworth Financial LP now owns 286 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 220 shares during the period. Brooklyn Investment Group purchased a new stake in shares of AGCO in the 3rd quarter worth about $29,000. UMB Bank n.a. boosted its stake in shares of AGCO by 84.2% during the 4th quarter. UMB Bank n.a. now owns 337 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 154 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new position in shares of AGCO during the fourth quarter valued at about $33,000. Finally, Venturi Wealth Management LLC raised its stake in AGCO by 132.9% in the third quarter. Venturi Wealth Management LLC now owns 368 shares of the industrial products company’s stock worth $36,000 after buying an additional 210 shares in the last quarter. 78.80% of the stock is currently owned by institutional investors.

AGCO Price Performance

Shares of NYSE AGCO opened at $102.94 on Friday. The firm has a market cap of $7.68 billion, a P/E ratio of -18.09, a PEG ratio of 1.80 and a beta of 1.24. AGCO Co. has a twelve month low of $84.35 and a twelve month high of $125.76. The company has a quick ratio of 0.63, a current ratio of 1.34 and a debt-to-equity ratio of 0.60. The company has a 50 day moving average of $98.11 and a 200 day moving average of $96.27.

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 the consensus estimate of $2.01 by ($0.04). AGCO had a positive return on equity of 13.40% and a negative net margin of 3.64%. As a group, research analysts expect that AGCO Co. will post 4.2 EPS for the current fiscal year.

AGCO Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date is Friday, February 14th. AGCO’s payout ratio is presently -20.39%.

Wall Street Analyst Weigh In

Several analysts have weighed in on AGCO shares. StockNews.com upgraded AGCO from a “sell” rating to a “hold” rating in a report on Friday, February 7th. Baird R W cut AGCO from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 3rd. Robert W. Baird cut shares of AGCO from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $116.00 to $100.00 in a report on Monday, March 3rd. Truist Financial increased their price target on shares of AGCO from $109.00 to $118.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Finally, Morgan Stanley began coverage on shares of AGCO in a report on Tuesday, December 3rd. They issued an “equal weight” rating and a $101.00 price objective on the stock. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, AGCO has an average rating of “Hold” and an average price target of $104.30.

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.