Massachusetts Financial Services Co. MA Has $4.39 Million Position in AGCO Co. (NYSE:AGCO)

Massachusetts Financial Services Co. MA reduced its position in AGCO Co. (NYSE:AGCOFree Report) by 26.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 37,093 shares of the industrial products company’s stock after selling 13,316 shares during the period. Massachusetts Financial Services Co. MA’s holdings in AGCO were worth $4,387,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Swiss National Bank raised its stake in AGCO by 1.0% in the 3rd 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 period. Amalgamated Bank raised its stake in AGCO by 7.2% in the 3rd 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 period. New York Life Investment Management LLC raised its stake in AGCO by 104.0% in the 3rd 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 during the period. Oppenheimer & Co. Inc. raised its stake in AGCO by 108.9% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 7,723 shares of the industrial products company’s stock valued at $913,000 after acquiring an additional 4,026 shares during the period. Finally, Boston Partners increased its position in shares of AGCO by 3.5% during the third quarter. Boston Partners now owns 731,554 shares of the industrial products company’s stock valued at $86,527,000 after buying an additional 24,815 shares during the period. 75.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research 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. Oppenheimer reiterated an “outperform” rating and set a $153.00 price target on shares of AGCO in a research report on Wednesday, December 6th. Stifel Nicolaus decreased their price target on AGCO from $160.00 to $153.00 and set a “buy” rating on the stock in a research report on Tuesday, December 19th. Finally, JPMorgan Chase & Co. upped their price target on AGCO from $142.00 to $145.00 and gave the company an “overweight” rating in a research report on Monday, December 4th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, AGCO has an average rating of “Moderate Buy” and an average target price of $147.56.

Get Our Latest Research Report on AGCO

AGCO Stock Down 2.0 %

Shares of NYSE AGCO opened at $115.04 on Monday. AGCO Co. has a 12 month low of $109.81 and a 12 month high of $145.53. The company has a current ratio of 1.46, a quick ratio of 0.72 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $8.61 billion, a price-to-earnings ratio of 7.36, a PEG ratio of 0.65 and a beta of 1.35. The business has a 50-day moving average of $119.72 and a 200-day moving average of $120.05.

AGCO (NYSE:AGCOGet Free Report) last issued its earnings results on Tuesday, February 6th. The industrial products company reported $3.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.03 by ($0.25). The firm 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 firm’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period in the prior year, the company earned $4.47 EPS. Sell-side analysts expect that AGCO Co. will post 13.12 earnings per share for the current fiscal year.

AGCO Dividend Announcement

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

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Institutional Ownership by Quarter for AGCO (NYSE:AGCO)

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