Fiera Capital Corp Sells 1,621 Shares of AGCO Co. (NYSE:AGCO)

Fiera Capital Corp lessened its stake in shares of AGCO Co. (NYSE:AGCO) by 3.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,603 shares of the industrial products company’s stock after selling 1,621 shares during the quarter. Fiera Capital Corp’s holdings in AGCO were worth $2,060,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in AGCO. CSat Investment Advisory L.P. lifted its position in AGCO by 175.6% in the 4th quarter. CSat Investment Advisory L.P. now owns 554 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 353 shares in the last quarter. Bartlett & Co. LLC bought a new position in AGCO in the 1st quarter valued at about $47,000. Pendal Group Ltd bought a new position in AGCO in the 4th quarter valued at about $87,000. Prestige Wealth Management Group LLC bought a new position in AGCO in the 4th quarter valued at about $91,000. Finally, Buckingham Asset Management LLC bought a new position in AGCO in the 1st quarter valued at about $203,000. 80.94% of the stock is currently owned by institutional investors.

AGCO stock opened at $51.10 on Friday. AGCO Co. has a 1-year low of $35.33 and a 1-year high of $81.39. The firm has a market capitalization of $3.83 billion, a price-to-earnings ratio of 31.94, a P/E/G ratio of 6.61 and a beta of 1.10. The company has a current ratio of 1.49, a quick ratio of 0.63 and a debt-to-equity ratio of 0.67. The firm has a 50 day simple moving average of $48.96 and a 200 day simple moving average of $64.60.

AGCO (NYSE:AGCO) last released its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.44. AGCO had a net margin of 1.39% and a return on equity of 11.59%. The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same period in the previous year, the business earned $0.86 EPS. AGCO’s revenue was down 3.4% compared to the same quarter last year. On average, equities research analysts forecast that AGCO Co. will post 2.09 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 15th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $0.64 dividend on an annualized basis and a yield of 1.25%. AGCO’s dividend payout ratio is 14.41%.

Several brokerages recently weighed in on AGCO. Wells Fargo & Co dropped their price target on shares of AGCO from $54.00 to $48.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 16th. JPMorgan Chase & Co. dropped their target price on shares of AGCO from $62.00 to $57.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. ValuEngine raised shares of AGCO from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. Morgan Stanley decreased their price target on shares of AGCO from $68.00 to $62.00 and set an “equal weight” rating for the company in a research note on Monday, April 13th. Finally, Barclays restated a “sell” rating and set a $54.00 price target on shares of AGCO in a research note on Thursday, April 16th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $74.86.

About AGCO

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. The company offers high horsepower tractors for larger farms, primarily for row crop production; 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, and residential uses.

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Institutional Ownership by Quarter for AGCO (NYSE:AGCO)

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