Vontobel Holding Ltd. Reduces Holdings in AGCO Co. (NYSE:AGCO)

Vontobel Holding Ltd. decreased its position in shares of AGCO Co. (NYSE:AGCO) by 18.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 65,896 shares of the industrial products company’s stock after selling 15,166 shares during the quarter. Vontobel Holding Ltd.’s holdings in AGCO were worth $6,160,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in AGCO. Brooklyn Investment Group purchased a new position in shares of AGCO during the third quarter worth about $29,000. UMB Bank n.a. grew its holdings in shares of AGCO by 84.2% during the fourth quarter. UMB Bank n.a. now owns 337 shares of the industrial products company’s stock worth $32,000 after buying an additional 154 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in shares of AGCO by 132.9% during the third 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 last quarter. Farther Finance Advisors LLC grew its holdings in shares of AGCO by 50.2% during the third 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 last quarter. Finally, LRI Investments LLC grew its holdings in shares of AGCO by 50.0% during the third quarter. LRI Investments LLC now owns 510 shares of the industrial products company’s stock worth $47,000 after buying an additional 170 shares during the last quarter. Hedge funds and other institutional investors own 78.80% of the company’s stock.

AGCO Price Performance

AGCO stock opened at $98.02 on Friday. The firm has a 50 day moving average of $97.51 and a 200-day moving average of $95.38. AGCO Co. has a 12-month low of $84.35 and a 12-month high of $125.76. The company has a current ratio of 1.34, a quick ratio of 0.72 and a debt-to-equity ratio of 0.60. The company has a market cap of $7.32 billion, a price-to-earnings ratio of -17.23, a PEG ratio of 0.97 and a beta of 1.25.

AGCO (NYSE:AGCO) last posted its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.04). AGCO had a negative net margin of 3.64% and a positive return on equity of 13.40%. As a group, equities analysts expect that AGCO Co. will post 4.22 EPS for the current fiscal year.

AGCO Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be paid 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 dividend yield of 1.18%. AGCO’s dividend payout ratio (DPR) is -20.39%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. The Goldman Sachs Group lowered their price target on AGCO from $112.00 to $99.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. Morgan Stanley initiated coverage on shares of AGCO in a research report on Tuesday, December 3rd. They issued an “equal weight” rating and a $101.00 price objective for the company. Citigroup reduced their price objective on shares of AGCO from $100.00 to $95.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Oppenheimer raised their price objective on shares of AGCO from $108.00 to $109.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Finally, StockNews.com upgraded shares of AGCO from a “sell” rating to a “hold” rating in a research report on Friday, February 7th. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, AGCO currently has a consensus rating of “Hold” and an average target price of $107.20.

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.