AGCO Co. (NYSE:AGCO) Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. lessened its holdings in AGCO Co. (NYSE:AGCO) by 24.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,521 shares of the industrial products company’s stock after selling 14,817 shares during the quarter. Edgestream Partners L.P. owned about 0.06% of AGCO worth $4,455,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of AGCO. Pacer Advisors Inc. increased its holdings in AGCO by 103.5% in the 2nd quarter. Pacer Advisors Inc. now owns 1,571,453 shares of the industrial products company’s stock worth $153,814,000 after buying an additional 799,429 shares during the period. AQR Capital Management LLC boosted its position in AGCO by 53.0% in the 2nd quarter. AQR Capital Management LLC now owns 1,747,954 shares of the industrial products company’s stock worth $171,090,000 after purchasing an additional 605,509 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in AGCO by 28.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,791,202 shares of the industrial products company’s stock worth $175,323,000 after purchasing an additional 391,591 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in AGCO by 17.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,259,699 shares of the industrial products company’s stock worth $221,187,000 after purchasing an additional 335,092 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in AGCO by 67.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 457,175 shares of the industrial products company’s stock worth $44,739,000 after purchasing an additional 183,688 shares in the last quarter. Institutional investors and hedge funds own 78.80% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on AGCO. StockNews.com lowered AGCO from a “hold” rating to a “sell” rating in a research report on Thursday. Citigroup upped their price objective on AGCO from $88.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Truist Financial upped their price objective on AGCO from $118.00 to $127.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Oppenheimer decreased their target price on AGCO from $131.00 to $111.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Finally, The Goldman Sachs Group decreased their target price on AGCO from $112.00 to $99.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $114.40.

AGCO Trading Down 0.2 %

Shares of AGCO stock opened at $101.21 on Friday. The stock’s fifty day moving average is $97.22 and its two-hundred day moving average is $97.10. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.72 and a current ratio of 1.53. The firm has a market capitalization of $7.55 billion, a P/E ratio of 44.78, a PEG ratio of 0.58 and a beta of 1.25. AGCO Co. has a fifty-two week low of $84.35 and a fifty-two week high of $130.26.

AGCO (NYSE:AGCO) last announced its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.40). The firm had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $2.90 billion. AGCO had a net margin of 1.35% and a return on equity of 15.79%. The company’s revenue for the quarter was down 24.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.97 EPS. Research analysts expect that AGCO Co. will post 7.34 earnings per share for the current fiscal year.

AGCO Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Friday, November 15th. AGCO’s dividend payout ratio (DPR) is presently 51.33%.

About AGCO

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.