Vest Financial LLC Has $650,000 Holdings in AGCO Co. (NYSE:AGCO)

Vest Financial LLC lessened its stake in shares of AGCO Co. (NYSE:AGCO - Free Report) by 73.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,026 shares of the industrial products company's stock after selling 19,406 shares during the quarter. Vest Financial LLC's holdings in AGCO were worth $650,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in AGCO. Price T Rowe Associates Inc. MD grew its holdings in AGCO by 128.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,504,328 shares of the industrial products company's stock valued at $608,026,000 after purchasing an additional 3,654,350 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of AGCO by 9.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,984,081 shares of the industrial products company's stock valued at $278,951,000 after buying an additional 258,054 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of AGCO by 534.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,901,790 shares of the industrial products company's stock worth $271,259,000 after buying an additional 2,444,615 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its position in shares of AGCO by 1.5% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,744,133 shares of the industrial products company's stock worth $256,522,000 after buying an additional 39,966 shares during the period. Finally, Invesco Ltd. boosted its holdings in AGCO by 68.7% in the fourth quarter. Invesco Ltd. now owns 2,360,301 shares of the industrial products company's stock valued at $220,641,000 after acquiring an additional 961,081 shares during the last quarter. Institutional investors and hedge funds own 78.80% of the company's stock.

Insider Transactions at AGCO

In other news, SVP Kelvin Eugene Bennett sold 250 shares of the business'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 transaction, the senior vice president now owns 17,380 shares in the company, valued at approximately $1,845,408.40. The trade was a 1.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 16.60% of the company's stock.

AGCO Stock Performance

Shares of NYSE:AGCO traded down $1.44 during trading on Thursday, reaching $100.95. The stock had a trading volume of 493,834 shares, compared to its average volume of 890,973. 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 stock has a fifty day simple moving average of $93.66 and a two-hundred day simple moving average of $95.81. The firm has a market capitalization of $7.53 billion, a price-to-earnings ratio of -17.74, a P/E/G ratio of 1.80 and a beta of 1.24. AGCO Co. has a 52 week low of $73.79 and a 52 week high of $108.76.

AGCO (NYSE:AGCO - Get Free Report) last released 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. The company had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $2.06 billion. AGCO had a negative net margin of 3.64% and a positive return on equity of 13.40%. The business's quarterly revenue was down 30.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.32 earnings per share. As a group, analysts anticipate that AGCO Co. will post 4.2 earnings per share for the current fiscal 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. This represents a $1.16 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Thursday, May 15th. AGCO's dividend payout ratio is currently -14.87%.

Analysts Set New Price Targets

A number of research firms recently issued reports on AGCO. Citigroup reissued a "neutral" rating and set a $110.00 target price on shares of AGCO in a research report on Friday, May 30th. Truist Financial cut their target price 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. Baird R W cut shares of AGCO from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 3rd. Oppenheimer lowered their target price on AGCO from $109.00 to $106.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. Finally, Morgan Stanley lifted 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. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, AGCO currently has a consensus rating of "Hold" and a consensus target price of $104.10.

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.