Verdence Capital Advisors LLC Sells 885 Shares of AGCO Co. (NYSE:AGCO)

Verdence Capital Advisors LLC decreased its stake in AGCO Co. (NYSE:AGCO) by 27.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,386 shares of the industrial products company’s stock after selling 885 shares during the period. Verdence Capital Advisors LLC’s holdings in AGCO were worth $223,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. boosted its stake in AGCO by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 469,669 shares of the industrial products company’s stock valued at $43,905,000 after purchasing an additional 15,531 shares during the period. Schechter Investment Advisors LLC lifted its holdings in shares of AGCO by 5.7% during the fourth quarter. Schechter Investment Advisors LLC now owns 14,185 shares of the industrial products company’s stock worth $1,326,000 after buying an additional 763 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of AGCO by 112.3% in the fourth quarter. Jones Financial Companies Lllp now owns 501 shares of the industrial products company’s stock valued at $47,000 after acquiring an additional 265 shares during the period. SRS Capital Advisors Inc. grew its stake in shares of AGCO by 7,015.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,352 shares of the industrial products company’s stock valued at $126,000 after acquiring an additional 1,333 shares in the last quarter. Finally, US Bancorp DE increased its position in AGCO by 14.5% during the fourth quarter. US Bancorp DE now owns 1,858 shares of the industrial products company’s stock worth $174,000 after acquiring an additional 235 shares during the period. Institutional investors own 78.80% of the company’s stock.

AGCO Stock Up 6.4 %

AGCO stock opened at $102.94 on Friday. The firm has a 50-day moving average price of $98.11 and a 200-day moving average price of $96.27. AGCO Co. has a 12 month low of $84.35 and a 12 month high of $125.76. The company has a current ratio of 1.34, a quick ratio of 0.63 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $7.68 billion, a P/E ratio of -18.09, a price-to-earnings-growth ratio of 1.80 and a beta of 1.24.

AGCO (NYSE:AGCO) last issued its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.97 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.04). AGCO had a negative net margin of 3.64% and a positive return on equity of 13.40%. As a group, equities research analysts anticipate that AGCO Co. will post 4.2 EPS for the current fiscal year.

AGCO Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be given a dividend of $0.29 per share. The ex-dividend date is Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.13%. AGCO’s dividend payout ratio is currently -20.39%.

Analyst Ratings Changes

A number of research firms have issued reports on AGCO. JPMorgan Chase & Co. boosted their price objective on shares of AGCO from $102.00 to $111.00 and gave the company an “overweight” rating in a report on Wednesday, January 15th. Robert W. Baird downgraded AGCO from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $116.00 to $100.00 in a research report on Monday, March 3rd. Oppenheimer raised their price objective on AGCO from $108.00 to $109.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Morgan Stanley initiated coverage on AGCO in a research report on Tuesday, December 3rd. They set an “equal weight” rating and a $101.00 target price for the company. Finally, StockNews.com upgraded AGCO from a “sell” rating to a “hold” rating in a research report on Friday, February 7th. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $104.30.

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.