Squarepoint Ops LLC Sells 415,782 Shares of AGCO Co. (NYSE:AGCO)

Squarepoint Ops LLC decreased its holdings in shares of AGCO Co. (NYSE:AGCO - Free Report) by 98.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,213 shares of the industrial products company's stock after selling 415,782 shares during the quarter. Squarepoint Ops LLC's holdings in AGCO were worth $581,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of AGCO. GeoWealth Management LLC acquired a new position in AGCO in the 4th quarter valued at $27,000. Allworth Financial LP grew its stake in AGCO by 333.3% in the 4th quarter. Allworth Financial LP now owns 286 shares of the industrial products company's stock valued at $30,000 after buying an additional 220 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new position in AGCO in the 4th quarter valued at $33,000. Jones Financial Companies Lllp grew its stake in AGCO by 112.3% in the 4th quarter. Jones Financial Companies Lllp now owns 501 shares of the industrial products company's stock valued at $47,000 after buying an additional 265 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its stake in AGCO by 30.8% in the 4th quarter. First Horizon Advisors Inc. now owns 688 shares of the industrial products company's stock valued at $64,000 after buying an additional 162 shares during the last quarter. 78.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on AGCO shares. Wall Street Zen upgraded shares of AGCO from a "sell" rating to a "hold" rating in a research note on Tuesday, April 22nd. Citigroup reissued a "neutral" rating and issued a $110.00 price target on shares of AGCO in a report on Friday, May 30th. Robert W. Baird downgraded shares of AGCO from an "outperform" rating to a "neutral" rating and reduced their price target for the company from $116.00 to $100.00 in a report on Monday, March 3rd. JPMorgan Chase & Co. increased their price target on shares of AGCO from $110.00 to $117.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Finally, The Goldman Sachs Group increased their price target on shares of AGCO from $91.00 to $107.00 and gave the company a "neutral" rating in a report on Tuesday, May 27th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $104.10.

Insider Transactions at AGCO

In other news, SVP Kelvin Eugene Bennett sold 250 shares of the firm's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $106.18, for a total transaction of $26,545.00. Following the completion of the transaction, the senior vice president now directly owns 17,380 shares of the company's stock, valued at approximately $1,845,408.40. This trade represents a 1.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 16.60% of the stock is owned by insiders.

AGCO Price Performance

Shares of NYSE:AGCO traded up $1.06 during midday trading on Thursday, reaching $100.80. 575,852 shares of the company's stock were exchanged, compared to its average volume of 891,660. The company's 50 day simple moving average is $92.25 and its two-hundred day simple moving average is $95.56. The firm has a market capitalization of $7.52 billion, a PE ratio of -17.71, a price-to-earnings-growth ratio of 1.80 and a beta of 1.20. AGCO Co. has a 12 month low of $73.79 and a 12 month high of $108.76. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.63 and a current ratio of 1.34.

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

AGCO Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Thursday, May 15th. AGCO's payout ratio is -14.87%.

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.