AGCO Co. (NYSE:AGCO) Shares Sold by Sandy Spring Bank

Sandy Spring Bank trimmed its holdings in AGCO Co. (NYSE:AGCO) by 76.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,267 shares of the industrial products company’s stock after selling 4,103 shares during the quarter. Sandy Spring Bank’s holdings in AGCO were worth $118,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of AGCO. Royal London Asset Management Ltd. increased its position in AGCO by 21.6% during the fourth quarter. Royal London Asset Management Ltd. now owns 758,236 shares of the industrial products company’s stock worth $70,880,000 after purchasing an additional 134,651 shares during the last quarter. Xponance Inc. increased its position in AGCO by 4.1% during the fourth quarter. Xponance Inc. now owns 10,616 shares of the industrial products company’s stock worth $992,000 after purchasing an additional 415 shares during the last quarter. Intech Investment Management LLC increased its position in AGCO by 214.0% during the fourth quarter. Intech Investment Management LLC now owns 7,699 shares of the industrial products company’s stock worth $720,000 after purchasing an additional 5,247 shares during the last quarter. Natixis Advisors LLC increased its position in AGCO by 5.3% during the fourth quarter. Natixis Advisors LLC now owns 40,127 shares of the industrial products company’s stock worth $3,751,000 after purchasing an additional 2,034 shares during the last quarter. Finally, Brandes Investment Partners LP acquired a new stake in AGCO during the fourth quarter worth about $858,000. 78.80% of the stock is currently owned by institutional investors and hedge funds.

AGCO Trading Down 1.4 %

NYSE AGCO opened at $93.12 on Friday. The firm has a 50 day simple moving average of $98.83 and a 200-day simple moving average of $96.63. 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 Co. has a one year low of $84.35 and a one year high of $125.76. The firm has a market cap of $6.95 billion, a price-to-earnings ratio of -16.37, a PEG ratio of 1.80 and a beta of 1.24.

AGCO (NYSE:AGCO) last posted its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.97 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.04). AGCO had a negative net margin of 3.64% and a positive return on equity of 13.40%. Equities research analysts anticipate that AGCO Co. will post 4.2 EPS for the current fiscal year.

AGCO Announces Dividend

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 dividend on an annualized basis and a yield of 1.25%. AGCO’s dividend payout ratio is currently -20.39%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on AGCO shares. Citigroup raised their price objective on shares of AGCO from $95.00 to $98.00 and gave the stock a “neutral” rating in a research report on Monday, March 17th. StockNews.com upgraded shares of AGCO from a “sell” rating to a “hold” rating in a research report on Friday, February 7th. Truist Financial lifted their price target on shares of AGCO from $109.00 to $118.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. JPMorgan Chase & Co. lifted their price target on shares of AGCO from $102.00 to $111.00 and gave the company an “overweight” rating in a research report on Wednesday, January 15th. Finally, Morgan Stanley began coverage on shares of AGCO in a research report on Tuesday, December 3rd. They set an “equal weight” rating and a $101.00 price target for the company. Ten research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $104.60.

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.