AGCO Co. (NYSE:AGCO) Shares Sold by Caprock Group LLC

Caprock Group LLC trimmed its stake in shares of AGCO Co. (NYSE:AGCO) by 19.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,235 shares of the industrial products company’s stock after selling 523 shares during the quarter. Caprock Group LLC’s holdings in AGCO were worth $219,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Victory Capital Management Inc. lifted its holdings in shares of AGCO by 1.7% during the second quarter. Victory Capital Management Inc. now owns 3,699,964 shares of the industrial products company’s stock worth $362,152,000 after purchasing an additional 63,432 shares during the period. Dimensional Fund Advisors LP raised its position in AGCO by 17.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,259,699 shares of the industrial products company’s stock worth $221,187,000 after buying an additional 335,092 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of AGCO by 28.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,791,202 shares of the industrial products company’s stock worth $175,323,000 after acquiring an additional 391,591 shares during the period. AQR Capital Management LLC boosted its holdings in shares of AGCO by 53.0% in the second quarter. AQR Capital Management LLC now owns 1,747,954 shares of the industrial products company’s stock valued at $171,090,000 after acquiring an additional 605,509 shares in the last quarter. Finally, Pacer Advisors Inc. increased its stake in shares of AGCO by 103.5% during the second quarter. Pacer Advisors Inc. now owns 1,571,453 shares of the industrial products company’s stock worth $153,814,000 after acquiring an additional 799,429 shares during the period. 78.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on AGCO shares. UBS Group lowered their price objective on AGCO from $107.00 to $104.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. StockNews.com cut AGCO from a “hold” rating to a “sell” rating in a research report on Wednesday, November 20th. Truist Financial raised their target price on AGCO from $118.00 to $127.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. BMO Capital Markets started coverage on shares of AGCO in a research note on Friday, August 9th. They set a “market perform” rating and a $96.00 price target on the stock. Finally, JPMorgan Chase & Co. reduced their price objective on shares of AGCO from $130.00 to $115.00 and set an “overweight” rating for the company in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, AGCO has a consensus rating of “Hold” and a consensus target price of $114.40.

AGCO Stock Performance

Shares of AGCO opened at $98.43 on Monday. The company has a 50-day moving average of $96.49 and a two-hundred day moving average of $97.63. The stock has a market cap of $7.35 billion, a P/E ratio of 43.55, a PEG ratio of 0.55 and a beta of 1.25. AGCO Co. has a 12-month low of $84.35 and a 12-month high of $130.26. The company has a current ratio of 1.53, a quick ratio of 0.72 and a debt-to-equity ratio of 0.87.

AGCO (NYSE:AGCO) last posted its earnings results on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.40). The company had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $2.90 billion. AGCO had a net margin of 1.35% and a return on equity of 15.79%. AGCO’s quarterly revenue was down 24.8% compared to the same quarter last year. During the same period in the previous year, the company posted $3.97 EPS. As a group, research analysts predict that AGCO Co. will post 7.34 EPS for the current fiscal year.

AGCO Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date is Friday, November 15th. AGCO’s dividend payout ratio is presently 51.33%.

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.