SG Americas Securities LLC Reduces Stock Position in AGCO Co. (NYSE:AGCO)

SG Americas Securities LLC cut its stake in AGCO Co. (NYSE:AGCO) by 88.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,333 shares of the industrial products company’s stock after selling 18,097 shares during the quarter. SG Americas Securities LLC’s holdings in AGCO were worth $218,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Pacer Advisors Inc. grew its holdings in AGCO by 34.3% during the 3rd quarter. Pacer Advisors Inc. now owns 2,110,408 shares of the industrial products company’s stock valued at $206,525,000 after buying an additional 538,955 shares in the last quarter. State Street Corp boosted its position in shares of AGCO by 4.3% in the third quarter. State Street Corp now owns 1,978,963 shares of the industrial products company’s stock valued at $193,661,000 after acquiring an additional 80,846 shares during the period. Massachusetts Financial Services Co. MA grew its stake in AGCO by 3.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,857,505 shares of the industrial products company’s stock valued at $181,775,000 after acquiring an additional 66,303 shares in the last quarter. Geode Capital Management LLC increased its holdings in AGCO by 7.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,205,227 shares of the industrial products company’s stock worth $121,121,000 after acquiring an additional 80,516 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in AGCO by 28.2% in the 3rd 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 in the last quarter. 78.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on AGCO shares. Citigroup reduced their price target on shares of AGCO from $100.00 to $95.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Oppenheimer boosted their target price on AGCO from $108.00 to $109.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. JPMorgan Chase & Co. raised their price target on AGCO from $102.00 to $111.00 and gave the company an “overweight” rating in a report on Wednesday, January 15th. StockNews.com raised AGCO from a “sell” rating to a “hold” rating in a report on Friday. Finally, Morgan Stanley initiated coverage on shares of AGCO in a research note on Tuesday, December 3rd. They issued an “equal weight” rating and a $101.00 target price on the stock. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $107.20.

AGCO Stock Up 2.0 %

Shares of AGCO opened at $100.01 on Friday. The firm has a market cap of $7.47 billion, a P/E ratio of 44.25, a P/E/G ratio of 1.03 and a beta of 1.25. AGCO Co. has a 1 year low of $84.35 and a 1 year high of $125.76. The stock has a 50 day simple moving average of $97.79 and a two-hundred day simple moving average of $95.54. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 0.72.

AGCO (NYSE:AGCO) last announced its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.04). AGCO had a net margin of 1.35% and a return on equity of 15.79%. On average, analysts forecast that AGCO Co. will post 7.33 earnings per share for the current fiscal year.

AGCO Dividend Announcement

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

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.