Mirova US LLC Sells 7,568 Shares of AGCO Co. (NYSE:AGCO)

Mirova US LLC lowered its holdings in AGCO Co. (NYSE:AGCO - Free Report) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,194,810 shares of the industrial products company's stock after selling 7,568 shares during the quarter. AGCO comprises about 2.2% of Mirova US LLC's investment portfolio, making the stock its 19th largest position. Mirova US LLC owned 1.60% of AGCO worth $145,062,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Quarry LP increased its position in AGCO by 278.0% during the 2nd quarter. Quarry LP now owns 189 shares of the industrial products company's stock worth $25,000 after buying an additional 139 shares during the period. FinTrust Capital Advisors LLC bought a new stake in shares of AGCO in the third quarter valued at approximately $26,000. Legacy Financial Group LLC bought a new stake in shares of AGCO in the third quarter valued at approximately $27,000. BluePath Capital Management LLC acquired a new stake in AGCO during the third quarter worth approximately $35,000. Finally, C M Bidwell & Associates Ltd. bought a new position in AGCO during the 3rd quarter worth $35,000. Institutional investors own 78.80% of the company's stock.

AGCO Price Performance

Shares of AGCO stock traded down $0.83 during trading on Wednesday, hitting $116.24. 610,249 shares of the stock traded hands, compared to its average volume of 689,207. The stock has a market cap of $8.67 billion, a price-to-earnings ratio of 7.44, a PEG ratio of 0.68 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. The firm's fifty day moving average is $115.43 and its 200-day moving average is $117.12.

AGCO (NYSE:AGCO - Get Free Report) last issued its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $3.78 EPS for the quarter, missing analysts' consensus estimates of $4.03 by ($0.25). The business had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $4.03 billion. AGCO had a net margin of 8.13% and a return on equity of 26.96%. The firm's revenue was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.47 earnings per share. Research analysts expect that AGCO Co. will post 13.03 EPS for the current fiscal year.

AGCO Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 15th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.00%. The ex-dividend date was Wednesday, February 14th. AGCO's dividend payout ratio is presently 7.42%.

Analysts Set New Price Targets

Several analysts have recently issued reports on AGCO shares. Stifel Nicolaus reduced their target price on AGCO from $160.00 to $153.00 and set a "buy" rating on the stock in a report on Tuesday, December 19th. Oppenheimer raised their target price on shares of AGCO from $153.00 to $154.00 and gave the company an "outperform" rating in a report on Tuesday. Truist Financial assumed coverage on shares of AGCO in a report on Thursday, March 14th. They set a "buy" rating and a $142.00 price target for the company. JPMorgan Chase & Co. increased their price target on shares of AGCO from $145.00 to $150.00 and gave the stock an "overweight" rating in a research report on Friday, April 12th. Finally, StockNews.com downgraded shares of AGCO from a "buy" rating to a "hold" rating in a research report on Friday, February 9th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $150.50.

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.