Shell Asset Management Co. Lowers Stock Holdings in AGCO Co. (NYSE:AGCO)

Shell Asset Management Co. trimmed its stake in AGCO Co. (NYSE:AGCOFree Report) by 1.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,901 shares of the industrial products company’s stock after selling 103 shares during the period. Shell Asset Management Co.’s holdings in AGCO were worth $698,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its position in shares of AGCO by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 400,094 shares of the industrial products company’s stock worth $47,323,000 after purchasing an additional 4,674 shares during the period. D.A. Davidson & CO. purchased a new stake in shares of AGCO in the 3rd quarter worth approximately $218,000. Swiss National Bank lifted its position in AGCO by 1.0% during the third quarter. Swiss National Bank now owns 139,900 shares of the industrial products company’s stock valued at $16,547,000 after acquiring an additional 1,400 shares during the last quarter. Amalgamated Bank lifted its position in AGCO by 7.2% during the third quarter. Amalgamated Bank now owns 43,804 shares of the industrial products company’s stock valued at $5,181,000 after acquiring an additional 2,934 shares during the last quarter. Finally, New York Life Investment Management LLC boosted its stake in AGCO by 104.0% in the third quarter. New York Life Investment Management LLC now owns 6,877 shares of the industrial products company’s stock valued at $813,000 after acquiring an additional 3,506 shares in the last quarter. 75.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. StockNews.com cut AGCO from a “buy” rating to a “hold” rating in a research report on Friday. JPMorgan Chase & Co. boosted their target price on AGCO from $142.00 to $145.00 and gave the stock an “overweight” rating in a research note on Monday, December 4th. Stifel Nicolaus dropped their target price on AGCO from $160.00 to $153.00 and set a “buy” rating on the stock in a research note on Tuesday, December 19th. Finally, Oppenheimer restated an “outperform” rating and set a $153.00 target price on shares of AGCO in a research note on Wednesday, December 6th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, AGCO has a consensus rating of “Moderate Buy” and a consensus target price of $147.56.

View Our Latest Analysis on AGCO

AGCO Price Performance

AGCO stock opened at $115.04 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.46 and a quick ratio of 0.72. The business has a 50 day simple moving average of $119.72 and a 200-day simple moving average of $120.17. The firm has a market capitalization of $8.61 billion, a PE ratio of 7.36, a price-to-earnings-growth ratio of 0.67 and a beta of 1.35. AGCO Co. has a 1 year low of $109.81 and a 1 year high of $145.53.

AGCO (NYSE:AGCOGet Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $3.78 earnings per share for the quarter, missing the consensus estimate of $4.03 by ($0.25). The business had revenue of $3.80 billion during the quarter, compared to analysts’ expectations of $4.03 billion. AGCO had a return on equity of 26.96% and a net margin of 8.13%. The company’s revenue was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.47 earnings per share. Equities research analysts anticipate that AGCO Co. will post 13.12 earnings per share for the current fiscal year.

AGCO Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Wednesday, February 14th. AGCO’s dividend payout ratio (DPR) is 7.42%.

AGCO Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for AGCO (NYSE:AGCO)

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