Stifel Financial Corp Reduces Holdings in AGCO Co. (NYSE:AGCO)

Stifel Financial Corp decreased its holdings in AGCO Co. (NYSE:AGCO - Free Report) by 17.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,319 shares of the industrial products company's stock after selling 5,860 shares during the quarter. Stifel Financial Corp's holdings in AGCO were worth $2,554,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AGCO. Tower Research Capital LLC TRC increased its position in shares of AGCO by 45.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,023 shares of the industrial products company's stock valued at $563,000 after buying an additional 1,880 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in shares of AGCO by 9.1% in the fourth quarter. MetLife Investment Management LLC now owns 34,929 shares of the industrial products company's stock valued at $3,265,000 after purchasing an additional 2,905 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of AGCO by 9.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,984,081 shares of the industrial products company's stock valued at $278,951,000 after purchasing an additional 258,054 shares during the last quarter. First Trust Advisors LP grew its position in shares of AGCO by 15.4% in the fourth quarter. First Trust Advisors LP now owns 1,118,393 shares of the industrial products company's stock valued at $104,547,000 after purchasing an additional 148,896 shares during the last quarter. Finally, GeoWealth Management LLC purchased a new position in shares of AGCO during the 4th quarter worth approximately $27,000. Institutional investors and hedge funds own 78.80% of the company's stock.

Wall Street Analyst Weigh In

AGCO has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their target price on AGCO from $102.00 to $111.00 and gave the company an "overweight" rating in a report on Wednesday, January 15th. Oppenheimer dropped their price objective on AGCO from $109.00 to $106.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. Truist Financial reduced their target price on shares of AGCO from $125.00 to $105.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Citigroup boosted their price objective on shares of AGCO from $90.00 to $110.00 and gave the company a "buy" rating in a research report on Monday. Finally, UBS Group set a $106.00 price target on AGCO in a report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $101.80.

AGCO Trading Up 0.1 %

Shares of NYSE:AGCO traded up $0.05 during trading on Wednesday, reaching $94.40. 921,728 shares of the stock were exchanged, compared to its average volume of 892,896. AGCO Co. has a 12-month low of $73.79 and a 12-month high of $119.71. The firm's 50-day moving average price is $89.45 and its 200 day moving average price is $94.72. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.63 and a current ratio of 1.34. The firm has a market cap of $7.04 billion, a price-to-earnings ratio of -16.59, a price-to-earnings-growth ratio of 1.80 and a beta of 1.20.

AGCO (NYSE:AGCO - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.38. The company had revenue of $2.05 billion during the quarter, compared to analyst estimates 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 quarter in the prior year, the business earned $2.32 earnings per share. On average, sell-side analysts anticipate that AGCO Co. will post 4.2 earnings per share for the current fiscal year.

AGCO Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Thursday, May 15th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.16 annualized dividend and a dividend yield of 1.23%. AGCO's payout ratio is currently -14.87%.

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.