AGCO (NYSE:AGCO) Cut to “Sell” at StockNews.com

StockNews.com downgraded shares of AGCO (NYSE:AGCO) from a hold rating to a sell rating in a research report sent to investors on Thursday.

A number of other brokerages have also recently commented on AGCO. JPMorgan Chase & Co. lifted their price target on AGCO from $102.00 to $111.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 15th. Baird R W downgraded AGCO from a “strong-buy” rating to a “hold” rating in a report on Monday, March 3rd. Robert W. Baird downgraded shares of AGCO from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $116.00 to $100.00 in a report on Monday, March 3rd. Citigroup lifted their price objective on shares of AGCO from $95.00 to $98.00 and gave the company a “neutral” rating in a research note on Monday, March 17th. Finally, Truist Financial increased their price objective on shares of AGCO from $109.00 to $118.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, AGCO presently has an average rating of “Hold” and a consensus target price of $104.60.

AGCO Price Performance

AGCO opened at $79.45 on Thursday. The firm has a market capitalization of $5.93 billion, a PE ratio of -13.96, a price-to-earnings-growth ratio of 1.80 and a beta of 1.16. 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 business’s 50-day moving average is $96.97 and its two-hundred day moving average is $96.85. AGCO has a 1 year low of $73.79 and a 1 year high of $125.76.

AGCO (NYSE:AGCO) last released its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.97 earnings per share (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%. Research analysts anticipate that AGCO will post 4.2 earnings per share for the current fiscal year.

AGCO Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.46%. AGCO’s payout ratio is currently -20.39%.

Institutional Investors Weigh In On AGCO

A number of large investors have recently modified their holdings of AGCO. GeoWealth Management LLC purchased a new stake in shares of AGCO in the fourth quarter valued at approximately $27,000. Allworth Financial LP boosted its stake in AGCO by 333.3% during the fourth quarter. Allworth Financial LP now owns 286 shares of the industrial products company’s stock worth $30,000 after buying an additional 220 shares during the last quarter. UMB Bank n.a. grew its holdings in AGCO by 84.2% in the 4th quarter. UMB Bank n.a. now owns 337 shares of the industrial products company’s stock valued at $32,000 after buying an additional 154 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of AGCO in the 4th quarter worth $33,000. Finally, LRI Investments LLC raised its holdings in shares of AGCO by 50.0% during the 3rd quarter. LRI Investments LLC now owns 510 shares of the industrial products company’s stock worth $47,000 after acquiring an additional 170 shares during the period. Hedge funds and other institutional investors own 78.80% of the company’s stock.

About AGCO

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.