Wealth Enhancement Advisory Services LLC Sells 1,246 Shares of AGCO Co. (NYSE:AGCO)

Wealth Enhancement Advisory Services LLC lessened its stake in shares of AGCO Co. (NYSE:AGCO) by 18.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,511 shares of the industrial products company’s stock after selling 1,246 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in AGCO were worth $539,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Pacer Advisors Inc. lifted its holdings in shares of AGCO by 103.5% during the second quarter. Pacer Advisors Inc. now owns 1,571,453 shares of the industrial products company’s stock valued at $153,814,000 after acquiring an additional 799,429 shares during the period. Vanguard Group Inc. lifted its holdings in AGCO by 11.6% during the 1st quarter. Vanguard Group Inc. now owns 7,565,114 shares of the industrial products company’s stock valued at $930,660,000 after purchasing an additional 784,617 shares during the last quarter. AQR Capital Management LLC boosted its position in AGCO by 53.0% in the second quarter. AQR Capital Management LLC now owns 1,747,954 shares of the industrial products company’s stock valued at $171,090,000 after buying an additional 605,509 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in AGCO by 28.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,791,202 shares of the industrial products company’s stock worth $175,323,000 after buying an additional 391,591 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of AGCO by 17.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,259,699 shares of the industrial products company’s stock worth $221,187,000 after buying an additional 335,092 shares in the last quarter. Institutional investors and hedge funds own 78.80% of the company’s stock.

Wall Street Analyst Weigh In

AGCO has been the topic of several recent analyst reports. StockNews.com downgraded AGCO from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Oppenheimer decreased their target price on AGCO from $131.00 to $111.00 and set an “outperform” rating on the stock in a report on Wednesday. Barclays cut their price target on AGCO from $145.00 to $110.00 and set an “equal weight” rating for the company in a report on Thursday, July 18th. UBS Group reduced their price target on shares of AGCO from $107.00 to $104.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 31st. Finally, The Goldman Sachs Group lowered 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $114.40.

AGCO Price Performance

Shares of AGCO stock opened at $91.82 on Friday. The firm’s 50 day moving average price is $95.69 and its two-hundred day moving average price is $99.30. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.72 and a current ratio of 1.52. AGCO Co. has a 52-week low of $84.35 and a 52-week high of $130.26. The stock has a market cap of $6.85 billion, a PE ratio of 16.40, a PEG ratio of 0.93 and a beta of 1.25.

AGCO (NYSE:AGCO) last posted its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.40). The company had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.90 billion. AGCO had a return on equity of 21.17% and a net margin of 3.13%. The firm’s revenue for the quarter was down 24.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.97 earnings per share. As a group, analysts forecast that AGCO Co. will post 7.87 EPS for the current year.

AGCO Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.26%. The ex-dividend date is Friday, November 15th. AGCO’s payout ratio is 20.71%.

About AGCO

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.