Clean Yield Group Reduces Stake in AGCO Co. (NYSE:AGCO)

Clean Yield Group lessened its stake in AGCO Co. (NYSE:AGCO) by 14.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,159 shares of the industrial products company’s stock after selling 4,565 shares during the quarter. Clean Yield Group’s holdings in AGCO were worth $2,445,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Brooklyn Investment Group purchased a new position in shares of AGCO during the 3rd quarter valued at $29,000. Venturi Wealth Management LLC lifted its holdings in AGCO by 132.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 368 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 210 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in AGCO by 50.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 139 shares during the period. LRI Investments LLC increased its position 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 buying an additional 170 shares during the period. Finally, First Horizon Advisors Inc. increased its position 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 buying an additional 117 shares during the period. Hedge funds and other institutional investors own 78.80% of the company’s stock.

AGCO Trading Up 7.5 %

Shares of AGCO traded up $6.82 during trading hours on Monday, reaching $97.67. 633,055 shares of the company traded hands, compared to its average volume of 716,592. The company has a quick ratio of 0.72, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. AGCO Co. has a 12 month low of $84.35 and a 12 month high of $130.26. The company’s fifty day moving average price is $94.97 and its two-hundred day moving average price is $94.89. The company has a market capitalization of $7.29 billion, a price-to-earnings ratio of 43.22, a price-to-earnings-growth ratio of 0.56 and a beta of 1.25.

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

AGCO Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 15th were given a $0.29 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.16 annualized dividend and a yield of 1.19%. AGCO’s dividend payout ratio (DPR) is presently 51.33%.

Analyst Ratings Changes

AGCO has been the topic of a number of analyst reports. Morgan Stanley assumed coverage on shares of AGCO in a report on Tuesday, December 3rd. They set an “equal weight” rating and a $101.00 target price on the stock. StockNews.com upgraded AGCO from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th. Oppenheimer decreased their target price on AGCO from $131.00 to $111.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. The Goldman Sachs Group decreased their price objective 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. Finally, Citigroup boosted their price target on shares of AGCO from $95.00 to $100.00 and gave the stock a “neutral” rating in a research note on Monday, December 9th. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, AGCO has an average rating of “Hold” and an average price target of $108.10.

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.