Mirova US LLC Sells 7,568 Shares of AGCO Co. (NYSE:AGCO)

Mirova US LLC reduced its stake in shares of AGCO Co. (NYSE:AGCO) by 0.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,194,810 shares of the industrial products company’s stock after selling 7,568 shares during the period. AGCO accounts for approximately 2.2% of Mirova US LLC’s portfolio, making the stock its 19th biggest holding. Mirova US LLC’s holdings in AGCO were worth $145,062,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Quarry LP grew its position in shares of AGCO by 278.0% in the second quarter. Quarry LP now owns 189 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 139 shares during the last quarter. FinTrust Capital Advisors LLC acquired a new stake in shares of AGCO in the third quarter valued at about $26,000. Legacy Financial Group LLC acquired a new stake in shares of AGCO in the third quarter valued at about $27,000. BluePath Capital Management LLC acquired a new stake in shares of AGCO in the third quarter valued at about $35,000. Finally, C M Bidwell & Associates Ltd. acquired a new stake in shares of AGCO in the third quarter valued at about $35,000. 78.80% of the stock is currently owned by institutional investors.

AGCO Price Performance

Shares of NYSE:AGCO traded down $0.97 during trading on Wednesday, reaching $117.07. The stock had a trading volume of 458,649 shares, compared to its average volume of 519,658. AGCO Co. has a 52 week low of $105.77 and a 52 week high of $140.46. The business’s 50-day moving average price is $115.57 and its 200 day moving average price is $117.13. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.46 and a quick ratio of 0.67. The stock has a market capitalization of $8.74 billion, a PE ratio of 7.49, a P/E/G ratio of 0.68 and a beta of 1.31.

AGCO (NYSE:AGCO) last posted its earnings results on Tuesday, February 6th. The industrial products company reported $3.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.03 by ($0.25). AGCO had a net margin of 8.13% and a return on equity of 26.96%. The firm had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $4.03 billion. During the same quarter last year, the firm posted $4.47 EPS. The business’s revenue was down 2.5% on a year-over-year basis. As a group, equities analysts predict that AGCO Co. will post 13.03 earnings per share for the current year.

AGCO Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 15th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 0.99%. The ex-dividend date was Wednesday, February 14th. AGCO’s dividend payout ratio (DPR) is presently 7.42%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on AGCO shares. Truist Financial started coverage on AGCO in a research report on Thursday, March 14th. They issued a “buy” rating and a $142.00 price target on the stock. StockNews.com downgraded AGCO from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Oppenheimer lifted their target price on AGCO from $153.00 to $154.00 and gave the stock an “outperform” rating in a research report on Tuesday. JPMorgan Chase & Co. lifted their target price on AGCO from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Finally, Stifel Nicolaus decreased their target price on AGCO from $160.00 to $153.00 and set a “buy” rating on the stock in a research report on Tuesday, December 19th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, AGCO presently has an average rating of “Moderate Buy” and an average price target of $150.50.

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.