New York State Teachers Retirement System Has $5.76 Million Position in AGCO Co. (NYSE:AGCO)

New York State Teachers Retirement System cut its holdings in shares of AGCO Co. (NYSE:AGCO) by 22.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 58,857 shares of the industrial products company’s stock after selling 16,612 shares during the quarter. New York State Teachers Retirement System’s holdings in AGCO were worth $5,760,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. State of Alaska Department of Revenue raised its position in shares of AGCO by 3.0% during the third quarter. State of Alaska Department of Revenue now owns 16,802 shares of the industrial products company’s stock valued at $1,643,000 after buying an additional 485 shares during the last quarter. Frank Rimerman Advisors LLC acquired a new position in AGCO in the 3rd quarter valued at approximately $252,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of AGCO by 58.3% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 836 shares of the industrial products company’s stock worth $82,000 after acquiring an additional 308 shares during the period. Shayne & Jacobs LLC grew its holdings in shares of AGCO by 42.7% during the 3rd quarter. Shayne & Jacobs LLC now owns 22,380 shares of the industrial products company’s stock worth $2,190,000 after purchasing an additional 6,700 shares in the last quarter. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of AGCO during the third quarter valued at approximately $247,000. Institutional investors own 78.80% of the company’s stock.

AGCO Price Performance

Shares of AGCO stock opened at $90.23 on Wednesday. The company has a current ratio of 1.52, a quick ratio of 0.72 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $6.73 billion, a price-to-earnings ratio of 16.11, a PEG ratio of 0.94 and a beta of 1.25. The firm’s 50 day moving average is $95.52 and its 200-day moving average is $99.57. AGCO Co. has a 1 year low of $84.35 and a 1 year high of $130.26.

AGCO Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.16 annualized dividend and a dividend yield of 1.29%. AGCO’s dividend payout ratio (DPR) is currently 20.71%.

Analysts Set New Price Targets

A number of research firms have weighed in on AGCO. Barclays decreased their price target on shares of AGCO from $145.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 18th. JPMorgan Chase & Co. cut their target price on AGCO from $130.00 to $115.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. Citigroup upped their price target on AGCO from $88.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Robert W. Baird cut their price objective on AGCO from $139.00 to $129.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. Finally, StockNews.com lowered shares of AGCO from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, AGCO currently has an average rating of “Hold” and a consensus target price of $117.80.

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.