Ensign Peak Advisors Inc Has $2.06 Million Stock Position in AGCO Co. (NYSE:AGCO)

Ensign Peak Advisors Inc lowered its holdings in shares of AGCO Co. (NYSE:AGCO - Free Report) by 33.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,046 shares of the industrial products company's stock after selling 10,870 shares during the period. Ensign Peak Advisors Inc's holdings in AGCO were worth $2,061,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Ethic Inc. raised its stake in shares of AGCO by 37.5% during the 4th quarter. Ethic Inc. now owns 8,371 shares of the industrial products company's stock worth $783,000 after buying an additional 2,283 shares in the last quarter. Deutsche Bank AG raised its stake in shares of AGCO by 4.7% during the 4th quarter. Deutsche Bank AG now owns 203,546 shares of the industrial products company's stock worth $19,027,000 after buying an additional 9,201 shares in the last quarter. Deprince Race & Zollo Inc. raised its stake in shares of AGCO by 0.9% during the 4th quarter. Deprince Race & Zollo Inc. now owns 188,070 shares of the industrial products company's stock worth $17,581,000 after buying an additional 1,600 shares in the last quarter. Dean Capital Management purchased a new position in shares of AGCO during the 4th quarter worth approximately $1,491,000. Finally, Cetera Investment Advisers grew its stake in shares of AGCO by 13.5% during the 4th quarter. Cetera Investment Advisers now owns 14,511 shares of the industrial products company's stock worth $1,357,000 after purchasing an additional 1,721 shares during the period. 78.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at AGCO

In other AGCO news, SVP Kelvin Eugene Bennett sold 250 shares of AGCO stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $106.18, for a total value of $26,545.00. Following the completion of the transaction, the senior vice president now directly owns 17,380 shares in the company, valued at $1,845,408.40. The trade was a 1.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 16.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. StockNews.com raised shares of AGCO from a "sell" rating to a "hold" rating in a research note on Tuesday, April 22nd. Morgan Stanley increased their price objective on shares of AGCO from $75.00 to $84.00 and gave the company an "underweight" rating in a research note on Monday, May 12th. Truist Financial lowered their price objective on shares of AGCO from $125.00 to $105.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Robert W. Baird cut shares of AGCO from an "outperform" rating to a "neutral" rating and lowered their price objective for the company from $116.00 to $100.00 in a research note on Monday, March 3rd. Finally, Oppenheimer lowered their price objective on shares of AGCO from $109.00 to $106.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, AGCO presently has a consensus rating of "Hold" and an average price target of $103.30.

AGCO Trading Down 1.2%

Shares of AGCO stock traded down $1.27 during trading hours on Monday, hitting $107.16. 797,384 shares of the company were exchanged, compared to its average volume of 895,487. AGCO Co. has a 1 year low of $73.79 and a 1 year high of $110.49. The firm has a fifty day moving average of $90.54 and a 200 day moving average of $94.84. The company has a quick ratio of 0.63, a current ratio of 1.34 and a debt-to-equity ratio of 0.60. The firm has a market cap of $7.99 billion, a PE ratio of -18.83, a PEG ratio of 1.80 and a beta of 1.20.

AGCO (NYSE:AGCO - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The industrial products company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.03 by $0.38. AGCO had a negative net margin of 3.64% and a positive return on equity of 13.40%. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same quarter last year, the firm posted $2.32 earnings per share. AGCO's revenue for the quarter was down 30.0% compared to the same quarter last year. Analysts expect that AGCO Co. will post 4.2 earnings per share for the current year.

AGCO Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Thursday, May 15th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend is Thursday, May 15th. AGCO's dividend payout ratio (DPR) is -14.87%.

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.