LSV Asset Management Sells 26,594 Shares of AGCO Co. (NYSE:AGCO)

LSV Asset Management lowered its stake in shares of AGCO Co. (NYSE:AGCO) by 0.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,171,773 shares of the industrial products company’s stock after selling 26,594 shares during the quarter. AGCO makes up approximately 0.8% of LSV Asset Management’s portfolio, making the stock its 24th largest holding. LSV Asset Management owned about 4.25% of AGCO worth $390,192,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Alps Advisors Inc. boosted its position in AGCO by 12.0% during the third quarter. Alps Advisors Inc. now owns 2,739 shares of the industrial products company’s stock worth $324,000 after purchasing an additional 294 shares during the period. Public Employees Retirement System of Ohio boosted its position in AGCO by 4.4% during the third quarter. Public Employees Retirement System of Ohio now owns 58,847 shares of the industrial products company’s stock worth $6,960,000 after purchasing an additional 2,470 shares during the period. Diversified Trust Co boosted its position in AGCO by 33.9% during the third quarter. Diversified Trust Co now owns 3,501 shares of the industrial products company’s stock worth $414,000 after purchasing an additional 886 shares during the period. Neo Ivy Capital Management bought a new position in AGCO during the third quarter worth about $1,593,000. Finally, American Century Companies Inc. boosted its position in AGCO by 51.3% during the third quarter. American Century Companies Inc. now owns 267,745 shares of the industrial products company’s stock worth $31,669,000 after purchasing an additional 90,767 shares during the period. Institutional investors own 78.80% of the company’s stock.

AGCO Trading Up 0.9 %

NYSE:AGCO traded up $0.85 during trading hours on Friday, hitting $98.05. The company had a trading volume of 753,405 shares, compared to its average volume of 749,123. The company has a market capitalization of $7.32 billion, a PE ratio of 6.58, a price-to-earnings-growth ratio of 0.60 and a beta of 1.27. The stock has a 50-day moving average price of $104.69 and a 200 day moving average price of $112.99. AGCO Co. has a 52 week low of $92.75 and a 52 week high of $140.46. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.99 and a quick ratio of 1.09.

AGCO (NYSE:AGCO) last announced its quarterly earnings data on Monday, May 6th. The industrial products company reported $2.32 EPS for the quarter, beating the consensus estimate of $2.29 by $0.03. The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.99 billion. AGCO had a return on equity of 24.02% and a net margin of 7.90%. The company’s revenue for the quarter was down 12.1% on a year-over-year basis. During the same quarter last year, the firm posted $3.51 earnings per share. On average, equities research analysts predict that AGCO Co. will post 11.64 EPS for the current fiscal year.

AGCO Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.18%. The ex-dividend date is Thursday, August 15th. AGCO’s dividend payout ratio is currently 7.85%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Truist Financial lowered their price target on shares of AGCO from $142.00 to $137.00 and set a “buy” rating on the stock in a report on Friday, May 3rd. Oppenheimer lowered their price target on shares of AGCO from $145.00 to $133.00 and set an “outperform” rating on the stock in a report on Wednesday, June 12th. Citigroup initiated coverage on shares of AGCO in a research note on Wednesday, June 26th. They issued a “neutral” rating and a $108.00 target price on the stock. JPMorgan Chase & Co. lowered their target price on shares of AGCO from $135.00 to $130.00 and set an “overweight” rating on the stock in a research note on Friday, June 28th. Finally, The Goldman Sachs Group lowered their target price on shares of AGCO from $127.00 to $112.00 and set a “neutral” rating on the stock in a research note on Thursday. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $129.14.

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.