Auxier Asset Management Decreases Stock Holdings in AGCO Co. (NYSE:AGCO)

Auxier Asset Management trimmed its position in shares of AGCO Co. (NYSE:AGCO) by 19.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,376 shares of the industrial products company’s stock after selling 794 shares during the period. Auxier Asset Management’s holdings in AGCO were worth $316,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Deroy & Devereaux Private Investment Counsel Inc. purchased a new position in AGCO during the 4th quarter valued at about $3,144,000. Olstein Capital Management L.P. grew its position in shares of AGCO by 20.8% in the 4th quarter. Olstein Capital Management L.P. now owns 14,500 shares of the industrial products company’s stock worth $1,355,000 after buying an additional 2,500 shares during the last quarter. Alberta Investment Management Corp grew its position in shares of AGCO by 98.5% in the 4th quarter. Alberta Investment Management Corp now owns 49,020 shares of the industrial products company’s stock worth $4,582,000 after buying an additional 24,320 shares during the last quarter. Barclays PLC increased its stake 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 valued at $24,389,000 after buying an additional 198,014 shares during the period. Finally, Perigon Wealth Management LLC raised its holdings in shares of AGCO by 20.5% during the fourth quarter. Perigon Wealth Management LLC now owns 26,146 shares of the industrial products company’s stock valued at $2,615,000 after acquiring an additional 4,452 shares in the last quarter. 78.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at AGCO

In other news, SVP Kelvin Eugene Bennett sold 250 shares of the company’s stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $106.18, for a total transaction of $26,545.00. Following the transaction, the senior vice president now directly owns 17,380 shares of the company’s stock, valued at $1,845,408.40. This represents a 1.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 16.60% of the stock is owned by insiders.

AGCO Price Performance

Shares of AGCO opened at $100.44 on Friday. The stock has a market cap of $7.49 billion, a PE ratio of -17.65, a price-to-earnings-growth ratio of 1.80 and a beta of 1.20. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.63 and a current ratio of 1.34. AGCO Co. has a fifty-two week low of $73.79 and a fifty-two week high of $108.76. The firm’s 50-day simple moving average is $91.49 and its two-hundred day simple moving average is $95.13.

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

AGCO Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend is Thursday, May 15th. AGCO’s dividend payout ratio (DPR) is currently -14.87%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AGCO. UBS Group set a $106.00 price target on shares of AGCO in a report on Tuesday, April 22nd. Robert W. Baird cut shares of AGCO from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $116.00 to $100.00 in a research report on Monday, March 3rd. Morgan Stanley boosted their price target on shares of AGCO from $75.00 to $84.00 and gave the company an “underweight” rating in a research report on Monday, May 12th. Citigroup increased their price target on shares of AGCO from $90.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, May 5th. Finally, Oppenheimer lowered their price objective on shares of AGCO from $109.00 to $106.00 and set an “outperform” rating for the company in a report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, AGCO has an average rating of “Hold” and an average target price of $103.30.

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.