Ceeto Capital Group LLC Decreases Stake in AGCO Co. (NYSE:AGCO)

Ceeto Capital Group LLC cut its holdings in AGCO Co. (NYSE:AGCO) by 3.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,000 shares of the industrial products company’s stock after selling 400 shares during the period. Ceeto Capital Group LLC’s holdings in AGCO were worth $935,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. State Street Corp boosted its stake in AGCO by 4.3% during the 3rd quarter. State Street Corp now owns 1,978,963 shares of the industrial products company’s stock valued at $193,661,000 after purchasing an additional 80,846 shares during the last quarter. Orion Portfolio Solutions LLC increased its holdings in AGCO by 41.7% during the third quarter. Orion Portfolio Solutions LLC now owns 3,715 shares of the industrial products company’s stock valued at $364,000 after buying an additional 1,093 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in AGCO in the 3rd quarter worth $874,000. Barclays PLC lifted its stake in shares of AGCO by 386.8% in the 3rd 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 during the period. Finally, Geode Capital Management LLC boosted its stake in shares of AGCO by 7.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,205,227 shares of the industrial products company’s stock worth $121,121,000 after acquiring an additional 80,516 shares in the last quarter. 78.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AGCO has been the subject of several analyst reports. UBS Group lowered their price objective on AGCO from $100.00 to $88.00 and set a “neutral” rating for the company in a research report on Monday, April 7th. Truist Financial lowered their price target on AGCO from $125.00 to $105.00 and set a “buy” rating for the company in a research report on Tuesday. StockNews.com raised shares of AGCO from a “sell” rating to a “hold” rating in a report on Friday. JPMorgan Chase & Co. lifted their price target on shares of AGCO from $102.00 to $111.00 and gave the company an “overweight” rating in a report on Wednesday, January 15th. Finally, Citigroup upgraded shares of AGCO from a “neutral” rating to a “buy” rating and decreased their target price for the company from $98.00 to $90.00 in a research report on Tuesday. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $100.90.

AGCO Trading Up 2.6 %

NYSE AGCO opened at $86.09 on Friday. The company has a market cap of $6.42 billion, a PE ratio of -15.13, a PEG ratio of 1.80 and a beta of 1.16. AGCO Co. has a 12 month low of $73.79 and a 12 month high of $122.26. The stock has a 50 day moving average of $93.78 and a 200-day moving average of $96.19. The company has a current ratio of 1.34, a quick ratio of 0.63 and a debt-to-equity ratio of 0.60.

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

AGCO Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were paid a $0.29 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.35%. AGCO’s dividend payout ratio is currently -20.39%.

About AGCO

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.