AGCO Co. (NYSE:AGCO) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lessened its position in AGCO Co. (NYSE:AGCO) by 18.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 680 shares of the industrial products company’s stock after selling 156 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in AGCO were worth $63,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in AGCO. Deroy & Devereaux Private Investment Counsel Inc. purchased a new stake in AGCO in the 4th quarter valued at approximately $3,144,000. Gateway Investment Advisers LLC acquired a new stake in AGCO in the fourth quarter valued at $311,000. Olstein Capital Management L.P. boosted its position in shares of AGCO by 20.8% during the 4th quarter. Olstein Capital Management L.P. now owns 14,500 shares of the industrial products company’s stock worth $1,355,000 after purchasing an additional 2,500 shares in the last quarter. M&T Bank Corp boosted its position in shares of AGCO by 133.0% during the 3rd quarter. M&T Bank Corp now owns 84,441 shares of the industrial products company’s stock worth $8,263,000 after purchasing an additional 48,198 shares in the last quarter. Finally, Royal London Asset Management Ltd. increased its holdings in shares of AGCO by 2.0% in the 3rd quarter. Royal London Asset Management Ltd. now owns 623,585 shares of the industrial products company’s stock valued at $61,024,000 after purchasing an additional 12,328 shares in the last quarter. Institutional investors and hedge funds own 78.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on AGCO. Citigroup decreased their price objective on shares of AGCO from $100.00 to $95.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. The Goldman Sachs Group lowered their price target on AGCO from $112.00 to $99.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. Morgan Stanley initiated coverage on AGCO in a report on Tuesday, December 3rd. They set an “equal weight” rating and a $101.00 price objective for the company. StockNews.com raised AGCO from a “sell” rating to a “hold” rating in a report on Friday, February 7th. Finally, Oppenheimer lifted their price target on AGCO from $108.00 to $109.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $107.20.

AGCO Price Performance

NYSE:AGCO opened at $98.02 on Friday. The firm has a market cap of $7.32 billion, a price-to-earnings ratio of -17.23, a price-to-earnings-growth ratio of 0.97 and a beta of 1.25. AGCO Co. has a 12-month low of $84.35 and a 12-month high of $125.76. The company has a current ratio of 1.34, a quick ratio of 0.72 and a debt-to-equity ratio of 0.60. The company’s 50-day moving average is $97.51 and its two-hundred day moving average is $95.39.

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

AGCO Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.18%. The ex-dividend date is Friday, February 14th. AGCO’s dividend payout ratio (DPR) is -20.39%.

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.