AGCO Co. (NYSE:AGCO) Shares Sold by South Dakota Investment Council

South Dakota Investment Council cut its holdings in shares of AGCO Co. (NYSE:AGCO) by 59.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,165 shares of the industrial products company’s stock after selling 7,500 shares during the quarter. South Dakota Investment Council’s holdings in AGCO were worth $483,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of AGCO. CIBC Asset Management Inc raised its holdings in shares of AGCO by 5.1% during the fourth quarter. CIBC Asset Management Inc now owns 2,265 shares of the industrial products company’s stock worth $212,000 after purchasing an additional 110 shares during the last quarter. First Horizon Advisors Inc. grew its position in AGCO by 28.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 526 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 117 shares during the period. Inspire Investing LLC raised its stake in shares of AGCO by 2.8% during the 4th quarter. Inspire Investing LLC now owns 4,299 shares of the industrial products company’s stock valued at $402,000 after buying an additional 118 shares during the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of AGCO by 0.7% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 17,022 shares of the industrial products company’s stock valued at $1,666,000 after buying an additional 126 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of AGCO by 50.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company’s stock valued at $41,000 after buying an additional 139 shares during the period. 78.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on AGCO. JPMorgan Chase & Co. raised their target price on AGCO from $102.00 to $111.00 and gave the stock an “overweight” rating in a report on Wednesday, January 15th. Oppenheimer raised their price objective on shares of AGCO from $108.00 to $109.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. The Goldman Sachs Group decreased their target price on shares of AGCO from $112.00 to $99.00 and set a “neutral” rating for the company in a research note on Wednesday, November 6th. StockNews.com upgraded shares of AGCO from a “sell” rating to a “hold” rating in a research report on Friday, February 7th. Finally, Morgan Stanley started coverage on AGCO in a research report on Tuesday, December 3rd. They set an “equal weight” rating and a $101.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $107.20.

AGCO Price Performance

NYSE:AGCO opened at $96.51 on Tuesday. The stock has a 50 day moving average of $97.77 and a two-hundred day moving average of $95.87. 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.

AGCO (NYSE:AGCO) last issued its quarterly earnings results 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 positive return on equity of 13.40% and a negative net margin of 3.64%. Analysts expect that AGCO Co. will post 4.2 EPS for the current fiscal 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 $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Friday, February 14th. 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.