SG Americas Securities LLC Trims Stock Position in AGCO Co. (NYSE:AGCO)

SG Americas Securities LLC decreased its position in AGCO Co. (NYSE:AGCO - Free Report) by 85.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,363 shares of the industrial products company's stock after selling 13,417 shares during the period. SG Americas Securities LLC's holdings in AGCO were worth $287,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Nordea Investment Management AB raised its position in shares of AGCO by 1.7% in the fourth quarter. Nordea Investment Management AB now owns 61,828 shares of the industrial products company's stock valued at $7,492,000 after purchasing an additional 1,036 shares during the period. Invesco Ltd. grew its stake in AGCO by 53.1% in the 3rd quarter. Invesco Ltd. now owns 374,810 shares of the industrial products company's stock valued at $44,333,000 after buying an additional 130,051 shares in the last quarter. Schroder Investment Management Group raised its holdings in AGCO by 45.7% during the 3rd quarter. Schroder Investment Management Group now owns 147,467 shares of the industrial products company's stock valued at $17,442,000 after acquiring an additional 46,239 shares during the period. Vanguard Group Inc. lifted its position in shares of AGCO by 0.5% during the third quarter. Vanguard Group Inc. now owns 6,755,557 shares of the industrial products company's stock worth $799,047,000 after acquiring an additional 32,583 shares in the last quarter. Finally, Dark Forest Capital Management LP bought a new position in shares of AGCO in the third quarter worth $1,151,000. 78.80% of the stock is owned by institutional investors.

AGCO Price Performance

Shares of AGCO stock traded up $1.45 during trading on Wednesday, hitting $125.37. The company had a trading volume of 673,382 shares, compared to its average volume of 695,594. The stock's 50-day moving average is $115.64 and its two-hundred day moving average is $117.03. The stock has a market capitalization of $9.36 billion, a price-to-earnings ratio of 7.93, a price-to-earnings-growth ratio of 0.69 and a beta of 1.31. The company has a quick ratio of 0.67, a current ratio of 1.46 and a debt-to-equity ratio of 0.30. AGCO Co. has a 52 week low of $105.77 and a 52 week high of $140.46.

AGCO (NYSE:AGCO - Get Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $3.78 earnings per share for the quarter, missing analysts' consensus estimates of $4.03 by ($0.25). AGCO had a net margin of 8.13% and a return on equity of 26.96%. The firm had revenue of $3.80 billion for the quarter, compared to analysts' expectations of $4.03 billion. During the same period in the prior year, the business posted $4.47 earnings per share. The business's quarterly revenue was down 2.5% on a year-over-year basis. As a group, analysts predict that AGCO Co. will post 13.08 EPS for the current fiscal year.

AGCO Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 15th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.93%. AGCO's dividend payout ratio (DPR) is currently 7.42%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Stifel Nicolaus dropped their price objective on AGCO from $160.00 to $153.00 and set a "buy" rating on the stock in a report on Tuesday, December 19th. StockNews.com downgraded shares of AGCO from a "buy" rating to a "hold" rating in a report on Friday, February 9th. Finally, Truist Financial started coverage on shares of AGCO in a research report on Thursday, March 14th. They issued a "buy" rating and a $142.00 price objective for the company. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $148.33.

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.