Verdence Capital Advisors LLC Has $223,000 Stock Position in AGCO Co. (NYSE:AGCO)

Verdence Capital Advisors LLC lowered its holdings in shares of AGCO Co. (NYSE:AGCO) by 27.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 2,386 shares of the industrial products company’s stock after selling 885 shares during the period. Verdence Capital Advisors LLC’s holdings in AGCO were worth $223,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Brooklyn Investment Group bought a new position in AGCO during the 3rd quarter worth $29,000. Allworth Financial LP boosted its holdings in AGCO by 333.3% in the fourth quarter. Allworth Financial LP now owns 286 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 220 shares during the last quarter. UMB Bank n.a. increased its position in AGCO by 84.2% during the 4th quarter. UMB Bank n.a. now owns 337 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 154 shares during the period. Venturi Wealth Management LLC raised its holdings in AGCO by 132.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 368 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 210 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of AGCO by 50.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 139 shares during the period. Institutional investors and hedge funds own 78.80% of the company’s stock.

AGCO Price Performance

Shares of AGCO opened at $102.94 on Friday. The business’s fifty day moving average is $98.11 and its 200 day moving average is $96.27. AGCO Co. has a 12-month low of $84.35 and a 12-month high of $125.76. The company has a quick ratio of 0.63, a current ratio of 1.34 and a debt-to-equity ratio of 0.60. The stock has a market cap of $7.68 billion, a P/E ratio of -18.09, a P/E/G ratio of 1.80 and a beta of 1.24.

AGCO (NYSE:AGCO) last released its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.97 earnings per share for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.04). AGCO had a negative net margin of 3.64% and a positive return on equity of 13.40%. 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 declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.13%. AGCO’s dividend payout ratio (DPR) is currently -20.39%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on AGCO shares. Baird R W downgraded shares of AGCO from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 3rd. Robert W. Baird downgraded AGCO from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $116.00 to $100.00 in a research note on Monday, March 3rd. Oppenheimer upped their target price on AGCO from $108.00 to $109.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. JPMorgan Chase & Co. lifted their target price on AGCO from $102.00 to $111.00 and gave the stock an “overweight” rating in a report on Wednesday, January 15th. Finally, Morgan Stanley started coverage on AGCO in a report on Tuesday, December 3rd. They set an “equal weight” rating and a $101.00 price target on the stock. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, AGCO presently has an average rating of “Hold” and an average target price of $104.30.

About AGCO

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.