AGCO Co. (NYSE:AGCO) Holdings Decreased by Rosenberg Matthew Hamilton

Rosenberg Matthew Hamilton reduced its stake in shares of AGCO Co. (NYSE:AGCO) by 22.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 500 shares of the industrial products company’s stock after selling 143 shares during the quarter. Rosenberg Matthew Hamilton’s holdings in AGCO were worth $47,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brooklyn Investment Group bought a new stake in shares of AGCO during the third quarter valued at about $29,000. Venturi Wealth Management LLC raised its stake in shares of AGCO by 132.9% during the third quarter. Venturi Wealth Management LLC now owns 368 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 210 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of AGCO by 50.2% during the third quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 139 shares in the last quarter. LRI Investments LLC raised its stake in shares of AGCO by 50.0% during the third quarter. LRI Investments LLC now owns 510 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 170 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its stake in shares of AGCO by 28.6% during the third quarter. First Horizon Advisors Inc. now owns 526 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 117 shares in the last quarter. 78.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AGCO has been the topic of several research reports. JPMorgan Chase & Co. boosted their price target on shares of AGCO from $102.00 to $111.00 and gave the stock an “overweight” rating in a research report on Wednesday. Morgan Stanley started coverage on shares of AGCO in a report on Tuesday, December 3rd. They issued an “equal weight” rating and a $101.00 price target for the company. Citigroup cut their price target on shares of AGCO from $100.00 to $95.00 and set a “neutral” rating for the company in a report on Tuesday. StockNews.com raised shares of AGCO from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. Finally, The Goldman Sachs Group cut their price target on shares of AGCO from $112.00 to $99.00 and set a “neutral” rating for the company in a report on Wednesday, November 6th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, AGCO has an average rating of “Hold” and an average target price of $107.20.

AGCO Price Performance

AGCO stock opened at $97.23 on Thursday. 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 Co. has a one year low of $84.35 and a one year high of $130.26. The firm has a market capitalization of $7.26 billion, a PE ratio of 43.02, a P/E/G ratio of 0.56 and a beta of 1.25. The firm has a 50-day moving average of $95.15 and a two-hundred day moving average of $94.89.

AGCO (NYSE:AGCO) last posted its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.40). AGCO had a net margin of 1.35% and a return on equity of 15.79%. The firm had revenue of $2.60 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same period in the prior year, the company posted $3.97 earnings per share. AGCO’s quarterly revenue was down 24.8% compared to the same quarter last year. On average, analysts forecast that AGCO Co. will post 7.36 earnings per share for the current year.

AGCO Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 15th were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.19%. AGCO’s dividend payout ratio is 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.