Cerity Partners LLC Sells 1,822 Shares of AGCO Co. (NYSE:AGCO)

Cerity Partners LLC trimmed its holdings in AGCO Co. (NYSE:AGCO) by 37.3% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 3,067 shares of the industrial products company’s stock after selling 1,822 shares during the quarter. Cerity Partners LLC’s holdings in AGCO were worth $372,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of AGCO. Pacer Advisors Inc. increased its holdings in AGCO by 7,297.1% in the 4th quarter. Pacer Advisors Inc. now owns 722,915 shares of the industrial products company’s stock worth $87,769,000 after buying an additional 713,142 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of AGCO by 24.7% during the 3rd quarter. Victory Capital Management Inc. now owns 3,042,378 shares of the industrial products company’s stock valued at $359,852,000 after purchasing an additional 601,877 shares during the period. Royal London Asset Management Ltd. bought a new stake in shares of AGCO during the 3rd quarter valued at about $38,690,000. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of AGCO by 83.8% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 318,000 shares of the industrial products company’s stock valued at $37,613,000 after purchasing an additional 145,000 shares during the period. Finally, AQR Capital Management LLC grew its stake in shares of AGCO by 16.1% during the 3rd quarter. AQR Capital Management LLC now owns 1,028,727 shares of the industrial products company’s stock valued at $121,678,000 after purchasing an additional 142,701 shares during the period. 78.80% of the stock is currently owned by institutional investors.

AGCO Stock Down 0.9 %

AGCO stock opened at $116.61 on Friday. AGCO Co. has a twelve month low of $105.77 and a twelve month high of $140.46. The company has a quick ratio of 0.67, a current ratio of 1.46 and a debt-to-equity ratio of 0.30. The stock has a market cap of $8.70 billion, a P/E ratio of 7.46, a PEG ratio of 0.68 and a beta of 1.31. The business’s 50-day moving average price is $115.89 and its 200-day moving average price is $117.19.

AGCO (NYSE:AGCO) last posted its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $3.78 earnings per share for the quarter, missing analysts’ consensus estimates of $4.03 by ($0.25). AGCO had a net margin of 8.13% and a return on equity of 26.96%. The company had revenue of $3.80 billion for the quarter, compared to analysts’ expectations of $4.03 billion. During the same period in the previous year, the firm earned $4.47 earnings per share. The firm’s quarterly revenue was down 2.5% on a year-over-year basis. On average, equities research analysts forecast that AGCO Co. will post 13.06 EPS for the current year.

Analyst Ratings Changes

AGCO has been the subject of a number of recent research reports. Truist Financial initiated coverage on AGCO in a research note on Thursday, March 14th. They set a “buy” rating and a $142.00 price target for the company. Oppenheimer boosted their price target on AGCO from $153.00 to $154.00 and gave the company an “outperform” rating in a research note on Tuesday, April 16th. StockNews.com downgraded AGCO from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Finally, JPMorgan Chase & Co. boosted their price target on AGCO from $145.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $150.50.

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.