Baird Financial Group Inc. Has $817,000 Stock Holdings in AGCO Co. (NYSE:AGCO)

Baird Financial Group Inc. cut its stake in AGCO Co. (NYSE:AGCO) by 3.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,739 shares of the industrial products company’s stock after selling 279 shares during the period. Baird Financial Group Inc.’s holdings in AGCO were worth $817,000 at the end of the most recent quarter.

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

Insider Buying and Selling at AGCO

In other AGCO news, SVP Kelvin Eugene Bennett sold 250 shares of the company’s stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $106.18, for a total value of $26,545.00. Following the sale, the senior vice president now owns 17,380 shares in the company, valued at approximately $1,845,408.40. The trade was a 1.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 16.90% of the company’s stock.

AGCO Trading Down 1.2%

Shares of AGCO stock opened at $104.67 on Thursday. The firm has a market capitalization of $7.81 billion, a P/E ratio of -18.40, a P/E/G ratio of 1.80 and a beta of 1.20. AGCO Co. has a twelve month low of $73.79 and a twelve month high of $119.23. 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’s fifty day simple moving average is $90.26 and its 200 day simple moving average is $94.83.

AGCO (NYSE:AGCO) last released its quarterly earnings results on Thursday, May 1st. The industrial products company reported $0.41 EPS for the quarter, beating 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 firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same quarter in the previous year, the company posted $2.32 EPS. The business’s revenue was down 30.0% on a year-over-year basis. As a group, sell-side analysts predict that AGCO Co. will post 4.2 EPS for the current fiscal year.

AGCO Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders 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 dividend on an annualized basis and a dividend yield of 1.11%. AGCO’s dividend payout ratio (DPR) is presently -14.87%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. StockNews.com raised AGCO from a “sell” rating to a “hold” rating in a report on Tuesday, April 22nd. Citigroup boosted their price target on AGCO from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, May 5th. Morgan Stanley boosted their price target on AGCO from $75.00 to $84.00 and gave the stock an “underweight” rating in a report on Monday. Truist Financial lowered their price target on AGCO from $125.00 to $105.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Finally, Baird R W cut AGCO from a “strong-buy” rating to a “hold” rating in a report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $102.70.

AGCO Company 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.