Shapiro Capital Management LLC Has $10.84 Million Stock Holdings in AGCO Co. (NYSE:AGCO)

Shapiro Capital Management LLC lessened its position in AGCO Co. (NYSE:AGCO) by 54.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 115,930 shares of the industrial products company’s stock after selling 136,900 shares during the period. Shapiro Capital Management LLC’s holdings in AGCO were worth $10,837,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. ProShare Advisors LLC lifted its position in AGCO by 4.4% during the 4th quarter. ProShare Advisors LLC now owns 3,635 shares of the industrial products company’s stock worth $340,000 after buying an additional 154 shares in the last quarter. Quantinno Capital Management LP lifted its position in AGCO by 42.2% during the 4th quarter. Quantinno Capital Management LP now owns 33,681 shares of the industrial products company’s stock worth $3,149,000 after buying an additional 9,993 shares in the last quarter. Nomura Holdings Inc. acquired a new position in AGCO during the 4th quarter worth about $768,000. Occudo Quantitative Strategies LP lifted its position in AGCO by 173.5% during the 4th quarter. Occudo Quantitative Strategies LP now owns 11,229 shares of the industrial products company’s stock worth $1,050,000 after buying an additional 7,123 shares in the last quarter. Finally, Millennium Management LLC acquired a new position in AGCO during the 4th quarter worth about $27,185,000. Institutional investors and hedge funds own 78.80% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on AGCO shares. StockNews.com upgraded shares of AGCO from a “sell” rating to a “hold” rating in a research report on Tuesday, April 22nd. Baird R W cut AGCO from a “strong-buy” rating to a “hold” rating in a report on Monday, March 3rd. UBS Group set a $106.00 target price on shares of AGCO in a research report on Tuesday, April 22nd. Citigroup upped their target price on shares of AGCO from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, May 5th. Finally, Truist Financial cut their target price on shares of AGCO from $125.00 to $105.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $102.70.

AGCO Stock Performance

Shares of AGCO stock opened at $105.44 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.34 and a quick ratio of 0.63. The stock has a market cap of $7.86 billion, a PE ratio of -18.53, a price-to-earnings-growth ratio of 1.80 and a beta of 1.20. The stock has a 50-day moving average of $90.32 and a 200-day moving average of $94.86. AGCO Co. has a one year low of $73.79 and a one year high of $115.37.

AGCO (NYSE:AGCO) last posted its earnings results on Thursday, May 1st. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same period in the prior year, the business earned $2.32 EPS. AGCO’s revenue for the quarter was down 30.0% compared to the same quarter last year. As a group, sell-side analysts expect that AGCO Co. will post 4.2 earnings per share for the current year.

AGCO Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Thursday, May 15th will be paid a dividend of $0.29 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.16 dividend on an annualized basis and a yield of 1.10%. AGCO’s payout ratio is -14.87%.

Insider Buying and Selling

In other news, SVP Kelvin Eugene Bennett sold 250 shares of the firm’s stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $106.18, for a total transaction of $26,545.00. Following the completion of the transaction, the senior vice president now directly owns 17,380 shares of the company’s stock, valued at $1,845,408.40. This trade represents a 1.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 16.90% of the stock is owned by company insiders.

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.