AGCO Co. (NYSE:AGCO) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC decreased its holdings in shares of AGCO Co. (NYSE:AGCO - Free Report) by 17.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 96,947 shares of the industrial products company's stock after selling 19,899 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.13% of AGCO worth $9,063,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. GeoWealth Management LLC acquired a new stake in shares of AGCO during the fourth quarter worth about $27,000. Allworth Financial LP grew its stake in 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 buying an additional 220 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new position in AGCO during the fourth quarter worth approximately $33,000. Jones Financial Companies Lllp lifted its stake in AGCO by 112.3% in the fourth 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. boosted its holdings in shares of AGCO by 30.8% in the fourth quarter. First Horizon Advisors Inc. now owns 688 shares of the industrial products company's stock valued at $64,000 after acquiring an additional 162 shares during the period. 78.80% of the stock is currently owned by hedge funds and other institutional investors.

AGCO Price Performance

AGCO stock traded down $3.77 during midday trading on Friday, reaching $97.75. The company's stock had a trading volume of 1,047,066 shares, compared to its average volume of 893,787. The firm has a market capitalization of $7.29 billion, a PE ratio of -17.18, a P/E/G ratio of 1.80 and a beta of 1.20. AGCO Co. has a fifty-two week low of $73.79 and a fifty-two week high of $108.76. The stock's 50 day simple moving average is $92.09 and its 200 day simple moving average is $95.41. 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 announced its quarterly earnings results on Thursday, May 1st. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter last year, the firm posted $2.32 EPS. The business's revenue was down 30.0% compared to the same quarter last year. 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 announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.29 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.16 dividend on an annualized basis and a yield of 1.19%. AGCO's payout ratio is -14.87%.

Insider Activity

In other news, SVP Kelvin Eugene Bennett sold 250 shares of the firm's stock in a transaction that occurred on 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 $1,845,408.40. This trade represents a 1.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 16.60% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on AGCO. Wall Street Zen raised shares of AGCO from a "sell" rating to a "hold" rating in a report on Tuesday, April 22nd. Morgan Stanley raised their price objective on shares of AGCO from $75.00 to $84.00 and gave the stock an "underweight" rating in a research report on Monday, May 12th. Truist Financial reduced their target price on shares of AGCO from $125.00 to $105.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Citigroup reissued a "neutral" rating and set a $110.00 price target on shares of AGCO in a report on Friday. Finally, UBS Group set a $106.00 price target on AGCO in a research report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, AGCO presently has an average rating of "Hold" and a consensus price target of $104.10.

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.