LSV Asset Management Has $388.31 Million Position in AGCO Co. (NYSE:AGCO)

LSV Asset Management lowered its position in AGCO Co. (NYSE:AGCO - Free Report) by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,198,367 shares of the industrial products company's stock after selling 48,927 shares during the period. AGCO comprises approximately 0.8% of LSV Asset Management's holdings, making the stock its 17th largest position. LSV Asset Management owned about 4.27% of AGCO worth $388,314,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Lecap Asset Management Ltd. acquired a new stake in AGCO in the fourth quarter valued at about $1,082,000. Vontobel Holding Ltd. lifted its position in shares of AGCO by 6.5% during the 4th quarter. Vontobel Holding Ltd. now owns 106,351 shares of the industrial products company's stock valued at $12,912,000 after acquiring an additional 6,494 shares during the period. Nordea Investment Management AB lifted its position in shares of AGCO by 1.7% during the 4th quarter. Nordea Investment Management AB now owns 61,828 shares of the industrial products company's stock valued at $7,492,000 after acquiring an additional 1,036 shares during the period. Vanguard Group Inc. lifted its position in shares of AGCO by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 6,755,557 shares of the industrial products company's stock valued at $799,047,000 after acquiring an additional 32,583 shares during the period. Finally, Invesco Ltd. lifted its position in shares of AGCO by 53.1% during the 3rd quarter. Invesco Ltd. now owns 374,810 shares of the industrial products company's stock valued at $44,333,000 after acquiring an additional 130,051 shares during the period. Institutional investors and hedge funds own 78.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on AGCO shares. Truist Financial reduced their price target on shares of AGCO from $142.00 to $137.00 and set a "buy" rating for the company in a research report on Friday. JPMorgan Chase & Co. reduced their price target on shares of AGCO from $150.00 to $135.00 and set an "overweight" rating for the company in a research report on Friday. Oppenheimer reduced their price target on shares of AGCO from $154.00 to $145.00 and set an "outperform" rating for the company in a research report on Friday. Finally, StockNews.com downgraded shares of AGCO from a "buy" rating to a "hold" rating in a research report on Friday, February 9th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $141.83.

AGCO Price Performance

Shares of AGCO stock traded up $1.18 during trading on Friday, hitting $111.81. 1,097,646 shares of the company were exchanged, compared to its average volume of 709,208. The company has a quick ratio of 0.67, a current ratio of 1.99 and a debt-to-equity ratio of 0.72. AGCO Co. has a fifty-two week low of $105.77 and a fifty-two week high of $140.46. The stock has a market capitalization of $8.34 billion, a price-to-earnings ratio of 7.56, a P/E/G ratio of 0.70 and a beta of 1.32. The firm has a 50 day moving average price of $116.61 and a 200 day moving average price of $116.89.

AGCO (NYSE:AGCO - Get Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.03. AGCO had a return on equity of 24.02% and a net margin of 7.90%. The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the previous year, the firm posted $3.51 EPS. The company's quarterly revenue was down 12.1% compared to the same quarter last year. On average, equities analysts expect that AGCO Co. will post 12 earnings per share for the current fiscal year.

AGCO Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Wednesday, May 15th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $1.16 annualized dividend and a yield of 1.04%. AGCO's payout ratio is currently 7.85%.

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.