AGCO Co. (NYSE:AGCO) Stock Holdings Lessened by Candriam S.C.A.

Candriam S.C.A. reduced its holdings in AGCO Co. (NYSE:AGCO) by 28.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 26,978 shares of the industrial products company’s stock after selling 10,567 shares during the period. Candriam S.C.A.’s holdings in AGCO were worth $2,522,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Brooklyn Investment Group bought a new stake in AGCO in the 3rd quarter valued at about $29,000. Allworth Financial LP lifted its position in AGCO by 333.3% in the 4th quarter. Allworth Financial LP now owns 286 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 220 shares during the last quarter. UMB Bank n.a. lifted its position in AGCO by 84.2% in 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 last quarter. Cullen Frost Bankers Inc. bought a new stake in AGCO in the 4th quarter valued at about $33,000. Finally, Venturi Wealth Management LLC lifted its position in AGCO by 132.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 368 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 210 shares during the last quarter. 78.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AGCO. Baird R W downgraded shares of AGCO from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 3rd. Citigroup dropped their price target on shares of AGCO from $100.00 to $95.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. JPMorgan Chase & Co. boosted their price target on shares of AGCO from $102.00 to $111.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 15th. Robert W. Baird downgraded shares of AGCO from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $116.00 to $100.00 in a research report on Monday, March 3rd. Finally, Truist Financial boosted their price target on shares of AGCO from $109.00 to $118.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, AGCO currently has a consensus rating of “Hold” and a consensus target price of $104.30.

AGCO Stock Performance

Shares of AGCO opened at $102.94 on Monday. The firm’s 50 day moving average is $98.11 and its 200-day moving average is $96.37. The stock has a market capitalization 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. 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 12-month low of $84.35 and a 12-month high of $125.76.

AGCO (NYSE:AGCO) last announced its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.04). AGCO had a positive return on equity of 13.40% and a negative net margin of 3.64%. Equities research analysts anticipate that AGCO Co. will post 4.2 EPS for the current fiscal year.

AGCO Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Friday, February 14th. AGCO’s dividend payout ratio (DPR) is currently -20.39%.

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.