Commonwealth Equity Services LLC Sells 2,874 Shares of AGCO Co. (NYSE:AGCO)

Commonwealth Equity Services LLC lowered its stake in AGCO Co. (NYSE:AGCO) by 19.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,818 shares of the industrial products company’s stock after selling 2,874 shares during the quarter. Commonwealth Equity Services LLC’s holdings in AGCO were worth $1,105,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Edge Capital Group LLC bought a new position in AGCO in the 4th quarter worth $39,269,000. Barclays PLC boosted its stake in shares of AGCO by 386.8% in the third quarter. Barclays PLC now owns 249,209 shares of the industrial products company’s stock worth $24,389,000 after acquiring an additional 198,014 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of AGCO by 67.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 457,175 shares of the industrial products company’s stock worth $44,739,000 after purchasing an additional 183,688 shares in the last quarter. Raymond James Financial Inc. bought a new stake in AGCO during the 4th quarter valued at approximately $16,845,000. Finally, Principal Financial Group Inc. lifted its holdings in AGCO by 28.2% in the 3rd quarter. Principal Financial Group Inc. now owns 684,249 shares of the industrial products company’s stock worth $66,959,000 after purchasing an additional 150,656 shares in the last quarter. 78.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on AGCO. Citigroup increased their price objective on shares of AGCO from $95.00 to $98.00 and gave the company a “neutral” rating in a report on Monday, March 17th. StockNews.com raised shares of AGCO from a “sell” rating to a “hold” rating in a research note on Friday, February 7th. Oppenheimer boosted their price target on shares of AGCO from $108.00 to $109.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Robert W. Baird lowered AGCO from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $116.00 to $100.00 in a research report on Monday, March 3rd. Finally, Truist Financial boosted their target price on AGCO from $109.00 to $118.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, AGCO presently has a consensus rating of “Hold” and a consensus price target of $104.60.

AGCO Price Performance

NYSE:AGCO opened at $92.52 on Tuesday. The firm has a market capitalization of $6.90 billion, a price-to-earnings ratio of -16.26, a PEG ratio of 1.80 and a beta of 1.24. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.34 and a quick ratio of 0.63. The business has a 50 day simple moving average of $98.37 and a 200-day simple moving average of $97.02. AGCO Co. has a 1 year low of $84.35 and a 1 year high of $125.76.

AGCO (NYSE:AGCO) last posted its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.97 EPS 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%. Equities analysts forecast that AGCO Co. will post 4.2 EPS for the current year.

AGCO Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date was Friday, February 14th. AGCO’s dividend payout ratio (DPR) is currently -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.