Bank of Montreal Can Sells 238,895 Shares of AGCO Co. (NYSE:AGCO)

Bank of Montreal Can decreased its stake in shares of AGCO Co. (NYSE:AGCO) by 65.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 127,196 shares of the industrial products company’s stock after selling 238,895 shares during the quarter. Bank of Montreal Can owned about 0.17% of AGCO worth $11,890,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in AGCO by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 1,234,326 shares of the industrial products company’s stock worth $120,172,000 after acquiring an additional 29,099 shares in the last quarter. Royal London Asset Management Ltd. lifted its holdings in shares of AGCO by 21.6% in the 4th quarter. Royal London Asset Management Ltd. now owns 758,236 shares of the industrial products company’s stock worth $70,880,000 after purchasing an additional 134,651 shares in the last quarter. Principal Financial Group Inc. grew its position in AGCO by 4.0% in the 4th quarter. Principal Financial Group Inc. now owns 711,687 shares of the industrial products company’s stock valued at $66,536,000 after purchasing an additional 27,438 shares during the period. Bank of New York Mellon Corp increased its stake in AGCO by 23.6% during the 4th quarter. Bank of New York Mellon Corp now owns 699,435 shares of the industrial products company’s stock valued at $65,383,000 after purchasing an additional 133,492 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in AGCO by 83.6% during the fourth quarter. JPMorgan Chase & Co. now owns 630,098 shares of the industrial products company’s stock worth $58,902,000 after buying an additional 286,958 shares during the last quarter. Institutional investors own 78.80% of the company’s stock.

AGCO Trading Up 2.6 %

Shares of AGCO stock opened at $86.09 on Friday. The stock has a fifty day moving average price of $93.78 and a 200-day moving average price of $96.19. 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 firm has a market cap of $6.42 billion, a PE ratio of -15.13, a P/E/G ratio of 1.80 and a beta of 1.16. AGCO Co. has a 1 year low of $73.79 and a 1 year high of $122.26.

AGCO (NYSE:AGCO) last announced its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.97 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.04). AGCO had a positive return on equity of 13.40% and a negative net margin of 3.64%. Equities research analysts anticipate that AGCO Co. will post 4.2 EPS for the current year.

AGCO Dividend Announcement

The company 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. The ex-dividend date was Friday, February 14th. This represents a $1.16 annualized dividend and a yield of 1.35%. AGCO’s payout ratio is -20.39%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on AGCO shares. StockNews.com upgraded shares of AGCO from a “sell” rating to a “hold” rating in a report on Friday. Baird R W downgraded AGCO from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 3rd. Truist Financial lowered their price objective on AGCO from $125.00 to $105.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Oppenheimer lifted their target price on AGCO from $108.00 to $109.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Finally, Robert W. Baird lowered AGCO from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $116.00 to $100.00 in a research report on Monday, March 3rd. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, AGCO has an average rating of “Hold” and a consensus target price of $100.90.

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.