AGCO Co. (NYSE:AGCO) Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. trimmed its stake in shares of AGCO Co. (NYSE:AGCO) by 11.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,476 shares of the industrial products company’s stock after selling 319 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in AGCO were worth $231,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of AGCO. Allworth Financial LP boosted its holdings in shares of AGCO by 333.3% during the 4th quarter. Allworth Financial LP now owns 286 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 220 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of AGCO during the third quarter worth about $29,000. UMB Bank n.a. boosted its position in AGCO by 84.2% in the 4th quarter. UMB Bank n.a. now owns 337 shares of the industrial products company’s stock valued at $32,000 after buying an additional 154 shares during the period. Cullen Frost Bankers Inc. acquired a new position in AGCO during the 4th quarter worth $33,000. Finally, Jones Financial Companies Lllp increased its stake in shares of AGCO by 112.3% during the fourth quarter. Jones Financial Companies Lllp now owns 501 shares of the industrial products company’s stock worth $47,000 after buying an additional 265 shares during the period. 78.80% of the stock is currently owned by institutional investors and hedge funds.

AGCO Trading Down 5.3 %

Shares of AGCO opened at $93.58 on Friday. The firm has a market capitalization of $6.98 billion, a P/E ratio of -16.45, a price-to-earnings-growth ratio of 1.80 and a beta of 1.24. 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 stock’s fifty day simple moving average is $98.56 and its 200 day simple moving average is $96.89. AGCO Co. has a twelve month low of $84.35 and a twelve month high of $125.76.

AGCO (NYSE:AGCO) last issued its earnings results on Thursday, February 6th. The industrial products company reported $1.97 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.04). AGCO had a negative net margin of 3.64% and a positive return on equity of 13.40%. On average, equities research analysts forecast that AGCO Co. will post 4.2 earnings per share for the current year.

AGCO Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend was Friday, February 14th. AGCO’s payout ratio is -20.39%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on AGCO shares. Robert W. Baird cut AGCO from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $116.00 to $100.00 in a research note on Monday, March 3rd. Truist Financial increased their price objective on AGCO from $109.00 to $118.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. JPMorgan Chase & Co. boosted their price target on AGCO from $102.00 to $111.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 15th. StockNews.com upgraded shares of AGCO from a “sell” rating to a “hold” rating in a research report on Friday, February 7th. Finally, Baird R W downgraded AGCO from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 3rd. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $104.60.

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.