PNC Financial Services Group Inc. Has $847,000 Stock Holdings in AGCO Co. (NYSE:AGCO)

PNC Financial Services Group Inc. lowered its position in shares of AGCO Co. (NYSE:AGCO) by 33.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,057 shares of the industrial products company’s stock after selling 4,569 shares during the quarter. PNC Financial Services Group Inc.’s holdings in AGCO were worth $847,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Pacer Advisors Inc. boosted its holdings in AGCO by 34.3% during the third 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 during the last quarter. State Street Corp lifted its position in AGCO by 4.3% during the 3rd quarter. State Street Corp now owns 1,978,963 shares of the industrial products company’s stock worth $193,661,000 after buying an additional 80,846 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of 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 grew its holdings in shares of AGCO by 7.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,205,227 shares of the industrial products company’s stock valued at $121,121,000 after acquiring an additional 80,516 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of AGCO by 4.0% in the fourth quarter. Principal Financial Group Inc. now owns 711,687 shares of the industrial products company’s stock valued at $66,536,000 after acquiring an additional 27,438 shares during the last quarter. 78.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

AGCO has been the subject of a number of analyst reports. Truist Financial raised their price target on AGCO from $109.00 to $118.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Citigroup raised their target price on shares of AGCO from $95.00 to $98.00 and gave the company a “neutral” rating in a research note on Monday. Baird R W lowered shares of AGCO from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 3rd. Oppenheimer lifted their price objective on shares of AGCO from $108.00 to $109.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Finally, StockNews.com raised shares of AGCO from a “sell” rating to a “hold” rating in a report on Friday, February 7th. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, AGCO currently has a consensus rating of “Hold” and a consensus price target of $104.60.

AGCO Price Performance

Shares of NYSE AGCO opened at $95.43 on Tuesday. The firm has a market cap of $7.12 billion, a P/E ratio of -16.77, a price-to-earnings-growth ratio of 1.80 and a beta of 1.24. The business’s 50 day moving average is $98.54 and its 200-day moving average is $96.61. The company has a current ratio of 1.34, a quick ratio of 0.63 and a debt-to-equity ratio of 0.60. AGCO Co. has a 1-year low of $84.35 and a 1-year 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 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%. Equities research analysts predict that AGCO Co. will post 4.2 earnings per share for the current year.

AGCO Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date was Friday, February 14th. 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.