State of Alaska Department of Revenue Sells 135 Shares of AGCO Co. (NYSE:AGCO)

State of Alaska Department of Revenue reduced its position in AGCO Co. (NYSE:AGCO) by 0.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,667 shares of the industrial products company’s stock after selling 135 shares during the period. State of Alaska Department of Revenue’s holdings in AGCO were worth $1,557,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Pacer Advisors Inc. boosted its stake in AGCO by 34.3% in the 3rd quarter. Pacer Advisors Inc. now owns 2,110,408 shares of the industrial products company’s stock worth $206,525,000 after purchasing an additional 538,955 shares in the last quarter. State Street Corp boosted its stake in AGCO by 4.3% in the 3rd quarter. State Street Corp now owns 1,978,963 shares of the industrial products company’s stock worth $193,661,000 after purchasing an additional 80,846 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in AGCO by 3.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,857,505 shares of the industrial products company’s stock worth $181,775,000 after buying an additional 66,303 shares during the last quarter. Geode Capital Management LLC raised its position 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 buying an additional 80,516 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in AGCO by 28.2% during the 3rd quarter. Principal Financial Group Inc. now owns 684,249 shares of the industrial products company’s stock worth $66,959,000 after buying an additional 150,656 shares during the last quarter. 78.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports 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. StockNews.com raised shares of AGCO from a “sell” rating to a “hold” rating in a research report on Friday, February 7th. Oppenheimer lifted their target price on shares of AGCO from $108.00 to $109.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. JPMorgan Chase & Co. lifted their target price on shares of AGCO from $102.00 to $111.00 and gave the company an “overweight” rating in a report on Wednesday, January 15th. Finally, Morgan Stanley began coverage on shares of AGCO in a report on Tuesday, December 3rd. They set an “equal weight” rating and a $101.00 target price for the company. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, AGCO presently has a consensus rating of “Hold” and a consensus target price of $107.20.

AGCO Trading Up 1.3 %

Shares of AGCO opened at $97.46 on Thursday. AGCO Co. has a 52-week low of $84.35 and a 52-week high of $125.76. The company has a quick ratio of 0.72, a current ratio of 1.34 and a debt-to-equity ratio of 0.60. The firm’s fifty day moving average is $97.54 and its two-hundred day moving average is $95.42. The stock has a market cap of $7.27 billion, a PE ratio of -17.13, a price-to-earnings-growth ratio of 0.97 and a beta of 1.25.

AGCO (NYSE:AGCO) last announced 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 negative net margin of 3.64% and a positive return on equity of 13.40%. Research analysts forecast that AGCO Co. will post 4.22 earnings per share for the current fiscal year.

AGCO Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors 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 yield of 1.19%. AGCO’s dividend payout ratio (DPR) 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.