AGCO Co. (NYSE:AGCO) Stock Position Lowered by CoreCommodity Management LLC

CoreCommodity Management LLC decreased its position in AGCO Co. (NYSE:AGCO) by 56.4% in the fourth quarter, HoldingsChannel reports. The firm owned 18,553 shares of the industrial products company’s stock after selling 24,031 shares during the period. CoreCommodity Management LLC’s holdings in AGCO were worth $1,734,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AGCO. Allworth Financial LP lifted its holdings in shares of 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 purchasing an additional 220 shares in the last quarter. GeoWealth Management LLC purchased a new stake in AGCO in the 4th quarter worth about $27,000. UMB Bank n.a. boosted 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 worth $32,000 after acquiring an additional 154 shares during the period. Cullen Frost Bankers Inc. acquired a new stake in AGCO during the 4th quarter worth about $33,000. Finally, Jones Financial Companies Lllp increased its holdings in shares of AGCO by 112.3% in the 4th quarter. Jones Financial Companies Lllp now owns 501 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 265 shares during the period. 78.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented 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 upped their price target on shares of AGCO from $90.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday. UBS Group set a $106.00 price objective on AGCO in a research report on Tuesday, April 22nd. StockNews.com raised AGCO from a “sell” rating to a “hold” rating in a research report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. lifted their price target on AGCO from $102.00 to $111.00 and gave the company an “overweight” rating in a report on Wednesday, January 15th. One equities research 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. Based on data from MarketBeat.com, AGCO presently has an average rating of “Hold” and a consensus price target of $101.80.

AGCO Stock Performance

NYSE:AGCO opened at $94.34 on Wednesday. The firm has a market capitalization of $7.04 billion, a PE ratio of -16.58, a PEG ratio of 1.80 and a beta of 1.20. AGCO Co. has a 1 year low of $73.79 and a 1 year high of $119.71. The company has a current ratio of 1.34, a quick ratio of 0.63 and a debt-to-equity ratio of 0.60. The firm’s fifty day simple moving average is $89.51 and its 200 day simple moving average is $94.73.

AGCO (NYSE:AGCO) last issued its quarterly earnings results on Thursday, May 1st. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.38. AGCO had a positive return on equity of 13.40% and a negative net margin of 3.64%. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same period last year, the business posted $2.32 earnings per share. The firm’s revenue was down 30.0% compared to the same quarter last year. On average, sell-side analysts anticipate that AGCO Co. will post 4.2 EPS for the current year.

AGCO Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Thursday, May 15th will be given a $0.29 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.16 annualized dividend and a dividend yield of 1.23%. AGCO’s dividend payout ratio is -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.