Sarasin & Partners LLP Has $2.10 Million Holdings in AGCO Co. (NYSE:AGCO)

Sarasin & Partners LLP lessened its stake in shares of AGCO Co. (NYSE:AGCO) by 10.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 22,500 shares of the industrial products company’s stock after selling 2,500 shares during the quarter. Sarasin & Partners LLP’s holdings in AGCO were worth $2,103,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of AGCO. Brooklyn Investment Group acquired a new stake in AGCO during the 3rd quarter worth about $29,000. Venturi Wealth Management LLC raised its holdings in AGCO by 132.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 368 shares of the industrial products company’s stock worth $36,000 after buying an additional 210 shares during the period. Farther Finance Advisors LLC raised its holdings in AGCO by 50.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company’s stock worth $41,000 after buying an additional 139 shares during the period. LRI Investments LLC increased its holdings in shares of AGCO by 50.0% in the 3rd quarter. LRI Investments LLC now owns 510 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 170 shares during the period. Finally, First Horizon Advisors Inc. increased its holdings in shares of AGCO by 28.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 526 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 117 shares during the period. Institutional investors and hedge funds own 78.80% of the company’s stock.

Analyst Ratings Changes

AGCO has been the topic of a number of research reports. Truist Financial upped their target price on AGCO from $109.00 to $118.00 and gave the company a “buy” rating in a report on Thursday. StockNews.com upgraded AGCO from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. Morgan Stanley initiated coverage on AGCO in a report on Tuesday, December 3rd. They issued an “equal weight” rating and a $101.00 target price on the stock. Oppenheimer dropped their target price on AGCO from $131.00 to $111.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Finally, The Goldman Sachs Group dropped their target price on AGCO from $112.00 to $99.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, AGCO currently has an average rating of “Hold” and a consensus price target of $107.40.

AGCO Trading Up 1.9 %

NYSE:AGCO opened at $101.89 on Monday. The stock’s 50 day moving average price is $95.47 and its 200 day moving average price is $94.95. AGCO Co. has a 52 week low of $84.35 and a 52 week high of $130.26. The company has a market capitalization of $7.61 billion, a P/E ratio of 45.08, a P/E/G ratio of 0.90 and a beta of 1.25. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.72 and a current ratio of 1.53.

AGCO (NYSE:AGCO) last announced its earnings results on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.40). The company had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.90 billion. AGCO had a return on equity of 15.79% and a net margin of 1.35%. The firm’s revenue for the quarter was down 24.8% compared to the same quarter last year. During the same period in the previous year, the company earned $3.97 EPS. On average, research analysts forecast that AGCO Co. will post 7.34 EPS for the current fiscal year.

AGCO Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be given a dividend of $0.29 per share. The ex-dividend date is Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.14%. AGCO’s payout ratio is currently 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.