AGCO Co. (NYSE:AGCO) Shares Sold by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC cut its stake in AGCO Co. (NYSE:AGCO - Free Report) by 55.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,208 shares of the industrial products company's stock after selling 5,246 shares during the period. Schonfeld Strategic Advisors LLC's holdings in AGCO were worth $393,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of AGCO. Northern Trust Corp lifted its stake in AGCO by 27.4% during the 4th quarter. Northern Trust Corp now owns 557,301 shares of the industrial products company's stock valued at $52,096,000 after acquiring an additional 119,789 shares during the period. The Manufacturers Life Insurance Company lifted its stake in AGCO by 34.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 128,809 shares of the industrial products company's stock valued at $12,041,000 after acquiring an additional 32,935 shares during the period. Susquehanna Fundamental Investments LLC acquired a new stake in AGCO during the 4th quarter valued at approximately $4,569,000. Two Sigma Securities LLC acquired a new position in shares of AGCO in the 4th quarter valued at $208,000. Finally, Lord Abbett & CO. LLC acquired a new position in shares of AGCO in the 4th quarter valued at $62,022,000. 78.80% of the stock is currently owned by institutional investors and hedge funds.

AGCO Trading Up 0.8%

Shares of AGCO traded up $0.80 during mid-day trading on Tuesday, reaching $106.24. The stock had a trading volume of 1,012,467 shares, compared to its average volume of 895,850. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.34 and a quick ratio of 0.63. AGCO Co. has a 52-week low of $73.79 and a 52-week high of $119.71. The business's fifty day moving average is $90.04 and its 200 day moving average is $94.69. The firm has a market cap of $7.92 billion, a price-to-earnings ratio of -18.67, a P/E/G ratio of 1.80 and a beta of 1.20.

AGCO (NYSE:AGCO - Get Free Report) last announced its quarterly earnings data 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. AGCO had a negative net margin of 3.64% and a positive return on equity of 13.40%. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same quarter in the prior year, the firm posted $2.32 earnings per share. AGCO's quarterly revenue was down 30.0% on a year-over-year basis. On average, sell-side analysts predict that AGCO Co. will post 4.2 EPS for the current fiscal year.

AGCO Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 1.09%. AGCO's payout ratio is currently -14.87%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Morgan Stanley boosted their target price on shares of AGCO from $75.00 to $84.00 and gave the company an "underweight" rating in a research note on Monday. Citigroup boosted their target price on shares of AGCO from $90.00 to $110.00 and gave the company a "buy" rating in a research note on Monday, May 5th. StockNews.com upgraded shares of AGCO from a "sell" rating to a "hold" rating in a research note on Tuesday, April 22nd. Oppenheimer decreased their target price on shares of AGCO from $109.00 to $106.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. Finally, Truist Financial decreased their target price on shares of AGCO from $125.00 to $105.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $102.70.

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.