New York State Teachers Retirement System Sells 6,235 Shares of AGCO Co. (NYSE:AGCO)

New York State Teachers Retirement System lessened its stake in shares of AGCO Co. (NYSE:AGCO) by 10.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 52,622 shares of the industrial products company’s stock after selling 6,235 shares during the quarter. New York State Teachers Retirement System owned approximately 0.07% of AGCO worth $4,919,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. First Horizon Advisors Inc. lifted its position in AGCO by 28.6% during the third quarter. First Horizon Advisors Inc. now owns 526 shares of the industrial products company’s stock valued at $51,000 after buying an additional 117 shares during the period. Inspire Investing LLC lifted its holdings in AGCO by 2.8% during the fourth quarter. Inspire Investing LLC now owns 4,299 shares of the industrial products company’s stock valued at $402,000 after purchasing an additional 118 shares in the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of AGCO by 0.7% in the third quarter. Oppenheimer & Co. Inc. now owns 17,022 shares of the industrial products company’s stock worth $1,666,000 after buying an additional 126 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of AGCO by 50.2% in the third quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company’s stock worth $41,000 after buying an additional 139 shares in the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of AGCO by 84.2% in the fourth quarter. UMB Bank n.a. now owns 337 shares of the industrial products company’s stock worth $32,000 after buying an additional 154 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 brokerages recently weighed in on AGCO. StockNews.com upgraded shares of AGCO from a “sell” rating to a “hold” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. upped their price objective on shares of AGCO from $102.00 to $111.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 15th. The Goldman Sachs Group decreased their price objective 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 note on Tuesday, December 3rd. They set an “equal weight” rating and a $101.00 price objective on the stock. Finally, Oppenheimer increased their target price on AGCO from $108.00 to $109.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, AGCO presently has an average rating of “Hold” and an average price target of $107.20.

AGCO Stock Down 1.0 %

Shares of NYSE:AGCO opened at $101.79 on Friday. The company has a market capitalization of $7.60 billion, a price-to-earnings ratio of -17.89, a PEG ratio of 1.85 and a beta of 1.25. The company has a current ratio of 1.34, a quick ratio of 0.63 and a debt-to-equity ratio of 0.60. The business has a 50-day moving average price of $97.74 and a 200 day moving average price of $95.61. AGCO Co. has a 12-month low of $84.35 and a 12-month high of $125.76.

AGCO (NYSE:AGCO) last posted its 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 positive return on equity of 13.40% and a negative net margin of 3.64%. Sell-side analysts expect that AGCO Co. will post 4.2 EPS for the current year.

AGCO Announces Dividend

The business also recently announced 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. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend is Friday, February 14th. AGCO’s 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.