HM Payson & Co. Sells 1,200 Shares of AGCO Co. (NYSE:AGCO)

HM Payson & Co. lessened its stake in AGCO Co. (NYSE:AGCO) by 32.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,500 shares of the industrial products company’s stock after selling 1,200 shares during the period. HM Payson & Co.’s holdings in AGCO were worth $234,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Pacer Advisors Inc. boosted its holdings in AGCO by 34.3% during 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 purchasing an additional 538,955 shares in the last quarter. Edge Capital Group LLC acquired a new stake in AGCO during the fourth quarter valued at approximately $39,269,000. Barclays PLC boosted its holdings in AGCO by 386.8% during the third quarter. Barclays PLC now owns 249,209 shares of the industrial products company’s stock valued at $24,389,000 after purchasing an additional 198,014 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in AGCO by 67.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 457,175 shares of the industrial products company’s stock valued at $44,739,000 after purchasing an additional 183,688 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in AGCO during the fourth quarter valued at approximately $16,845,000. Institutional investors own 78.80% of the company’s stock.

Wall Street Analysts Forecast Growth

AGCO has been the topic of a number of recent research reports. Oppenheimer lifted their price objective on AGCO from $108.00 to $109.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Truist Financial lifted their target price on shares of AGCO from $109.00 to $118.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Robert W. Baird cut shares of AGCO from an “outperform” rating to a “neutral” rating and cut their target price for the company from $116.00 to $100.00 in a research note on Monday, March 3rd. StockNews.com upgraded shares of AGCO from a “sell” rating to a “hold” rating in a research note on Friday, February 7th. Finally, Morgan Stanley initiated coverage on shares of AGCO in a research note on Tuesday, December 3rd. They issued an “equal weight” rating and a $101.00 target price for the company. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $104.30.

AGCO Stock Up 6.4 %

AGCO stock opened at $102.94 on Monday. The company has a quick ratio of 0.63, a current ratio of 1.34 and a debt-to-equity ratio of 0.60. The stock has a market cap of $7.68 billion, a P/E ratio of -18.09, a P/E/G ratio of 1.80 and a beta of 1.24. The company’s 50-day moving average price is $98.11 and its two-hundred day moving average price is $96.37. AGCO Co. has a twelve month low of $84.35 and a twelve month high of $125.76.

AGCO (NYSE:AGCO) last issued its earnings results on Thursday, February 6th. The industrial products company reported $1.97 earnings per share for the quarter, missing analysts’ consensus estimates 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, analysts expect that AGCO Co. will post 4.2 EPS for the current year.

AGCO Dividend Announcement

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 paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Friday, February 14th. AGCO’s payout ratio is currently -20.39%.

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.