Bank of Montreal Can Reduces Position in AGCO Co. (NYSE:AGCO)

Bank of Montreal Can decreased its holdings in AGCO Co. (NYSE:AGCO) by 65.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 127,196 shares of the industrial products company’s stock after selling 238,895 shares during the period. Bank of Montreal Can’s holdings in AGCO were worth $11,890,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of AGCO. Allworth Financial LP lifted its position in shares of AGCO by 333.3% during the fourth quarter. Allworth Financial LP now owns 286 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 220 shares in the last quarter. UMB Bank n.a. increased its position in shares of AGCO by 84.2% during the fourth quarter. UMB Bank n.a. now owns 337 shares of the industrial products company’s stock valued at $32,000 after buying an additional 154 shares during the period. Cullen Frost Bankers Inc. purchased a new stake in shares of AGCO in the fourth quarter worth about $33,000. 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. Finally, GAMMA Investing LLC increased its holdings in AGCO by 174.7% during the 4th quarter. GAMMA Investing LLC now owns 544 shares of the industrial products company’s stock worth $51,000 after acquiring an additional 346 shares during the period. Institutional investors own 78.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AGCO. Truist Financial decreased their price target on shares of AGCO from $125.00 to $105.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Oppenheimer boosted their price objective on AGCO from $108.00 to $109.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. JPMorgan Chase & Co. lifted 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. StockNews.com upgraded shares of AGCO from a “sell” rating to a “hold” rating in a research report on Friday. Finally, UBS Group lowered their price target on AGCO from $100.00 to $88.00 and set a “neutral” rating on the stock in a research report on Monday, April 7th. Nine research 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 an average rating of “Hold” and an average price target of $100.90.

AGCO Price Performance

Shares of AGCO stock opened at $86.09 on Friday. The stock has a market capitalization of $6.42 billion, a P/E ratio of -15.13, a price-to-earnings-growth ratio of 1.80 and a beta of 1.16. AGCO Co. has a one year low of $73.79 and a one year high of $122.26. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.34 and a quick ratio of 0.63. The business’s 50 day simple moving average is $93.78 and its two-hundred day simple moving average is $96.19.

AGCO (NYSE:AGCO) last posted its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.97 EPS 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%. Analysts forecast that AGCO Co. will post 4.2 EPS for the current year.

AGCO Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.35%. AGCO’s dividend payout ratio is presently -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.