AGCO Co. (NYSE:AGCO) Shares Sold by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. trimmed its stake in AGCO Co. (NYSE:AGCO) by 1.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 146,713 shares of the industrial products company’s stock after selling 2,275 shares during the quarter. Westwood Holdings Group Inc. owned approximately 0.20% of AGCO worth $13,715,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in AGCO. CIBC Asset Management Inc raised its stake in AGCO by 5.1% in the 4th quarter. CIBC Asset Management Inc now owns 2,265 shares of the industrial products company’s stock valued at $212,000 after purchasing an additional 110 shares during the last quarter. Inspire Investing LLC raised its position in shares of AGCO by 2.8% in the fourth quarter. Inspire Investing LLC now owns 4,299 shares of the industrial products company’s stock valued at $402,000 after buying an additional 118 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in shares of AGCO by 2.4% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 6,207 shares of the industrial products company’s stock valued at $580,000 after buying an additional 144 shares during the last quarter. Neuberger Berman Group LLC raised its position in shares of AGCO by 2.3% in the fourth quarter. Neuberger Berman Group LLC now owns 6,552 shares of the industrial products company’s stock valued at $612,000 after buying an additional 145 shares during the last quarter. Finally, Arizona State Retirement System raised its holdings in AGCO by 0.8% in the 4th quarter. Arizona State Retirement System now owns 18,414 shares of the industrial products company’s stock valued at $1,721,000 after acquiring an additional 150 shares during the last quarter. 78.80% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at AGCO

In other news, SVP Kelvin Eugene Bennett sold 250 shares of the company’s stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $106.18, for a total value of $26,545.00. Following the completion of the sale, the senior vice president now owns 17,380 shares in the company, valued at $1,845,408.40. This represents a 1.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 16.60% of the company’s stock.

AGCO Trading Down 1.2%

NYSE:AGCO opened at $107.16 on Tuesday. AGCO Co. has a 12-month low of $73.79 and a 12-month high of $110.49. The firm has a market capitalization of $7.99 billion, a P/E ratio of -18.83, a P/E/G ratio of 1.80 and a beta of 1.20. 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 business has a 50 day simple moving average of $90.79 and a 200 day simple moving average of $94.90.

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, beating analysts’ consensus estimates of $0.03 by $0.38. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.06 billion. AGCO had a negative net margin of 3.64% and a positive return on equity of 13.40%. AGCO’s revenue was down 30.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.32 EPS. Equities research analysts predict that AGCO Co. will post 4.2 EPS for the current year.

AGCO Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Thursday, May 15th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date is Thursday, May 15th. AGCO’s dividend payout ratio is currently -14.87%.

Analyst Ratings Changes

A number of research firms have recently commented on AGCO. Morgan Stanley upped their price objective on shares of AGCO from $75.00 to $84.00 and gave the company an “underweight” rating in a research note on Monday, May 12th. Oppenheimer dropped their price objective on AGCO from $109.00 to $106.00 and set an “outperform” rating for the company in a report on Tuesday, April 22nd. Baird R W downgraded AGCO from a “strong-buy” rating to a “hold” rating in a report on Monday, March 3rd. Citigroup upped their price target on AGCO from $90.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, May 5th. Finally, Truist Financial dropped their target price on shares of AGCO from $125.00 to $105.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, AGCO has an average rating of “Hold” and an average target price of $103.30.

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.