Ceeto Capital Group LLC Lowers Position in AGCO Co. (NYSE:AGCO)

Ceeto Capital Group LLC decreased its holdings in AGCO Co. (NYSE:AGCO) by 3.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,000 shares of the industrial products company’s stock after selling 400 shares during the quarter. Ceeto Capital Group LLC’s holdings in AGCO were worth $935,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in AGCO. Allworth Financial LP lifted its stake in shares of AGCO by 333.3% in the 4th quarter. Allworth Financial LP now owns 286 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 220 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of AGCO by 84.2% in the 4th quarter. UMB Bank n.a. now owns 337 shares of the industrial products company’s stock valued at $32,000 after buying an additional 154 shares during the period. Cullen Frost Bankers Inc. acquired a new position in AGCO during the fourth quarter worth about $33,000. Jones Financial Companies Lllp raised its holdings in AGCO by 112.3% in the 4th quarter. Jones Financial Companies Lllp now owns 501 shares of the industrial products company’s stock valued at $47,000 after acquiring an additional 265 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in AGCO by 174.7% during the fourth quarter. GAMMA Investing LLC now owns 544 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 346 shares during the last quarter. Hedge funds and other institutional investors own 78.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on AGCO shares. Citigroup upgraded AGCO from a “neutral” rating to a “buy” rating and cut their target price for the company from $98.00 to $90.00 in a research note on Tuesday. Truist Financial dropped their price target on shares of AGCO from $125.00 to $105.00 and set a “buy” rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. lifted their price objective on AGCO from $102.00 to $111.00 and gave the company an “overweight” rating in a report on Wednesday, January 15th. Baird R W cut AGCO from a “strong-buy” rating to a “hold” rating in a report on Monday, March 3rd. Finally, Robert W. Baird lowered AGCO from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $116.00 to $100.00 in a research report on Monday, March 3rd. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $100.90.

AGCO Stock Performance

Shares of AGCO stock opened at $86.09 on Friday. The stock has a market capitalization of $6.42 billion, a price-to-earnings ratio of -15.13, a price-to-earnings-growth ratio of 1.80 and a beta of 1.16. AGCO Co. has a 12 month low of $73.79 and a 12 month high of $122.26. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.34 and a quick ratio of 0.63. The business has a 50-day moving average of $93.78 and a 200 day moving average of $96.19.

AGCO (NYSE:AGCO) last issued its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.97 earnings per share (EPS) for the quarter, missing the consensus estimate 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, sell-side analysts forecast that AGCO Co. will post 4.2 earnings per share for the current year.

AGCO Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend was Friday, February 14th. AGCO’s payout ratio is -20.39%.

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.