AGCO Co. (NYSE:AGCO) Shares Sold by Sarasin & Partners LLP

Sarasin & Partners LLP cut its stake in AGCO Co. (NYSE:AGCO - Free Report) by 11.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,000 shares of the industrial products company's stock after selling 2,500 shares during the period. Sarasin & Partners LLP's holdings in AGCO were worth $1,851,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of AGCO. Alberta Investment Management Corp raised its stake in shares of AGCO by 98.5% in the fourth quarter. Alberta Investment Management Corp now owns 49,020 shares of the industrial products company's stock worth $4,582,000 after purchasing an additional 24,320 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of AGCO by 3.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 469,669 shares of the industrial products company's stock valued at $43,905,000 after buying an additional 15,531 shares in the last quarter. LPL Financial LLC lifted its holdings in AGCO by 4.9% during the fourth quarter. LPL Financial LLC now owns 21,812 shares of the industrial products company's stock valued at $2,135,000 after purchasing an additional 1,016 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in AGCO by 12.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,692 shares of the industrial products company's stock valued at $1,467,000 after buying an additional 1,788 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its holdings in AGCO by 2.4% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 6,207 shares of the industrial products company's stock worth $580,000 after buying an additional 144 shares during the last quarter. Hedge funds and other institutional investors own 78.80% of the company's stock.

Insiders Place Their Bets

In related 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 value of $26,545.00. Following the sale, the senior vice president now owns 17,380 shares of the company's stock, valued at $1,845,408.40. This trade represents a 1.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 16.60% of the company's stock.

AGCO Trading Down 0.4%

Shares of NYSE:AGCO traded down $0.41 during mid-day trading on Friday, reaching $100.51. 606,225 shares of the company were exchanged, compared to its average volume of 890,013. AGCO Co. has a 1 year low of $73.79 and a 1 year high of $108.76. 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 firm's 50-day simple moving average is $94.61 and its 200 day simple moving average is $95.81. The firm has a market cap of $7.50 billion, a price-to-earnings ratio of -17.66, a P/E/G ratio of 1.80 and a beta of 1.24.

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

AGCO Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.16 annualized dividend and a yield of 1.15%. AGCO's dividend payout ratio is presently -14.87%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on AGCO shares. Robert W. Baird downgraded AGCO from an "outperform" rating to a "neutral" rating and decreased their target price for the company from $116.00 to $100.00 in a research report on Monday, March 3rd. Baird R W lowered AGCO from a "strong-buy" rating to a "hold" rating in a report on Monday, March 3rd. JPMorgan Chase & Co. upped their target price on shares of AGCO from $110.00 to $117.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Morgan Stanley increased their target price on shares of AGCO from $75.00 to $84.00 and gave the company an "underweight" rating in a research report on Monday, May 12th. Finally, Truist Financial lowered their price target on shares of AGCO from $125.00 to $105.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, AGCO currently has a consensus rating of "Hold" and a consensus price target of $104.10.

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.