Baker Ellis Asset Management LLC Has $2.57 Million Holdings in AGCO Co. (NYSE:AGCO)

Baker Ellis Asset Management LLC lessened its holdings in shares of AGCO Co. (NYSE:AGCO) by 32.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 27,454 shares of the industrial products company’s stock after selling 13,295 shares during the quarter. Baker Ellis Asset Management LLC’s holdings in AGCO were worth $2,566,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in AGCO. Pacer Advisors Inc. increased its stake in AGCO by 34.3% in the third quarter. Pacer Advisors Inc. now owns 2,110,408 shares of the industrial products company’s stock valued at $206,525,000 after acquiring an additional 538,955 shares during the last quarter. State Street Corp increased its stake in AGCO by 4.3% in the third quarter. State Street Corp now owns 1,978,963 shares of the industrial products company’s stock valued at $193,661,000 after acquiring an additional 80,846 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in AGCO by 3.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,857,505 shares of the industrial products company’s stock valued at $181,775,000 after acquiring an additional 66,303 shares during the last quarter. AQR Capital Management LLC increased its stake in 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 during the last quarter. Finally, Geode Capital Management LLC increased its stake in AGCO by 7.2% in the third quarter. Geode Capital Management LLC now owns 1,205,227 shares of the industrial products company’s stock valued at $121,121,000 after acquiring an additional 80,516 shares during the last quarter. Institutional investors and hedge funds own 78.80% of the company’s stock.

Analyst Upgrades and Downgrades

AGCO has been the topic of a number of recent analyst reports. Citigroup decreased their price objective on shares of AGCO from $100.00 to $95.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Truist Financial raised their target price on shares of AGCO from $109.00 to $118.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Morgan Stanley initiated coverage on shares of AGCO in a research report on Tuesday, December 3rd. They issued an “equal weight” rating and a $101.00 target price on the stock. JPMorgan Chase & Co. raised their target price on shares of AGCO from $102.00 to $111.00 and gave the company an “overweight” rating in a research report on Wednesday, January 15th. Finally, The Goldman Sachs Group cut their target price on shares of AGCO from $112.00 to $99.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 6th. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, AGCO currently has an average rating of “Hold” and a consensus target price of $107.40.

AGCO Price Performance

Shares of NYSE:AGCO opened at $103.41 on Thursday. The firm has a market cap of $7.72 billion, a PE ratio of 45.76, a price-to-earnings-growth ratio of 1.01 and a beta of 1.25. The firm’s fifty day moving average is $96.20 and its 200-day moving average is $95.11. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.72 and a current ratio of 1.53. AGCO Co. has a 52 week low of $84.35 and a 52 week high of $130.26.

AGCO (NYSE:AGCO) last issued its quarterly earnings results 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). The business had revenue of $2.60 billion for the quarter, compared to analyst estimates of $2.90 billion. AGCO had a return on equity of 15.79% and a net margin of 1.35%. AGCO’s revenue for the quarter was down 24.8% on a year-over-year basis. During the same quarter last year, the firm posted $3.97 EPS. Sell-side analysts predict that AGCO Co. will post 7.33 earnings per share for the current year.

AGCO Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.12%. AGCO’s dividend payout ratio (DPR) is presently 51.33%.

AGCO Company 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.