Crossmark Global Holdings Inc. Sells 12,488 Shares of AGCO Co. (NYSE:AGCO)

Crossmark Global Holdings Inc. trimmed its holdings in AGCO Co. (NYSE:AGCO) by 75.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,103 shares of the industrial products company’s stock after selling 12,488 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in AGCO were worth $384,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in AGCO. Envestnet Asset Management Inc. lifted its position in AGCO by 3.4% in the second quarter. Envestnet Asset Management Inc. now owns 72,836 shares of the industrial products company’s stock worth $7,129,000 after buying an additional 2,409 shares during the last quarter. Sei Investments Co. grew its holdings in shares of AGCO by 49.8% during the second quarter. Sei Investments Co. now owns 95,636 shares of the industrial products company’s stock valued at $9,361,000 after buying an additional 31,805 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of AGCO by 172.8% in the 2nd quarter. Millennium Management LLC now owns 100,153 shares of the industrial products company’s stock valued at $9,803,000 after acquiring an additional 63,434 shares during the last quarter. Susquehanna Fundamental Investments LLC raised its position in AGCO by 2.0% during the second quarter. Susquehanna Fundamental Investments LLC now owns 104,488 shares of the industrial products company’s stock valued at $10,227,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Creative Planning increased its holdings in AGCO by 25.7% in the second quarter. Creative Planning now owns 7,157 shares of the industrial products company’s stock valued at $701,000 after buying an additional 1,465 shares in the last quarter. Hedge funds and other institutional investors own 78.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on AGCO shares. Oppenheimer cut their target price on shares of AGCO from $131.00 to $111.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. The Goldman Sachs Group dropped their price target on shares of AGCO from $112.00 to $99.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th. Morgan Stanley initiated 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 on the stock. JPMorgan Chase & Co. increased their price target on AGCO from $102.00 to $111.00 and gave the company an “overweight” rating in a research report on Wednesday, January 15th. Finally, StockNews.com raised AGCO from a “sell” rating to a “hold” rating in a 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, AGCO presently has a consensus rating of “Hold” and an average price target of $107.40.

AGCO Stock Performance

NYSE:AGCO opened at $105.17 on Monday. AGCO Co. has a 1-year low of $84.35 and a 1-year high of $130.26. The firm has a market cap of $7.85 billion, a price-to-earnings ratio of 46.53, a price-to-earnings-growth ratio of 1.03 and a beta of 1.25. 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 firm’s fifty day moving average price is $96.69 and its 200 day moving average price is $95.27.

AGCO (NYSE:AGCO) last released its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.40). AGCO had a return on equity of 15.79% and a net margin of 1.35%. The business had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the previous year, the company posted $3.97 EPS. The company’s revenue was down 24.8% compared to the same quarter last year. On average, sell-side analysts expect that AGCO Co. will post 7.33 EPS for the current year.

AGCO Announces Dividend

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

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.