Shapiro Capital Management LLC Has $10.84 Million Stock Position in AGCO Co. (NYSE:AGCO)

Shapiro Capital Management LLC reduced its stake in shares of AGCO Co. (NYSE:AGCO) by 54.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 115,930 shares of the industrial products company’s stock after selling 136,900 shares during the quarter. Shapiro Capital Management LLC owned approximately 0.16% of AGCO worth $10,837,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in AGCO. Barclays PLC boosted its holdings in shares of AGCO by 386.8% during the third quarter. Barclays PLC now owns 249,209 shares of the industrial products company’s stock worth $24,389,000 after purchasing an additional 198,014 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of AGCO by 96.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 24,473 shares of the industrial products company’s stock worth $2,288,000 after purchasing an additional 12,031 shares during the period. Gateway Investment Advisers LLC acquired a new stake in shares of AGCO during the fourth quarter worth approximately $311,000. UMB Bank n.a. boosted 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 purchasing an additional 154 shares during the period. Finally, Ballentine Partners LLC acquired a new stake in shares of AGCO during the fourth quarter worth approximately $245,000. 78.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Kelvin Eugene Bennett sold 250 shares of the business’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $106.18, for a total transaction of $26,545.00. Following the transaction, the senior vice president now owns 17,380 shares of the company’s stock, valued at approximately $1,845,408.40. The trade was a 1.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 16.90% of the stock is currently owned by insiders.

AGCO Trading Up 0.7%

NYSE:AGCO opened at $105.44 on Friday. AGCO Co. has a 12 month low of $73.79 and a 12 month high of $115.37. The firm has a market cap of $7.86 billion, a price-to-earnings ratio of -18.53, a P/E/G ratio of 1.80 and a beta of 1.20. The company has a quick ratio of 0.63, a current ratio of 1.34 and a debt-to-equity ratio of 0.60. The company’s 50 day moving average is $90.32 and its 200-day moving average is $94.86.

AGCO (NYSE:AGCO) last released its quarterly earnings results on Thursday, May 1st. The industrial products company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.38. AGCO had a negative net margin of 3.64% and a positive return on equity of 13.40%. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same quarter last year, the firm posted $2.32 earnings per share. The company’s quarterly revenue was down 30.0% compared to the same quarter last year. Equities analysts anticipate that AGCO Co. will post 4.2 EPS for the current year.

AGCO Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Thursday, May 15th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Thursday, May 15th. AGCO’s dividend payout ratio (DPR) is currently -14.87%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AGCO. Morgan Stanley raised their price target on shares of AGCO from $75.00 to $84.00 and gave the stock an “underweight” rating in a report on Monday. Truist Financial cut their price objective on shares of AGCO from $125.00 to $105.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. StockNews.com raised shares of AGCO from a “sell” rating to a “hold” rating in a research report on Tuesday, April 22nd. Oppenheimer cut their price objective on shares of AGCO from $109.00 to $106.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 22nd. Finally, Baird R W lowered shares of AGCO from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $102.70.

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.