Shayne & Jacobs LLC Sells 820 Shares of AGCO Co. (NYSE:AGCO)

Shayne & Jacobs LLC cut its stake in shares of AGCO Co. (NYSE:AGCO) by 3.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,560 shares of the industrial products company’s stock after selling 820 shares during the quarter. AGCO comprises approximately 0.5% of Shayne & Jacobs LLC’s portfolio, making the stock its 27th biggest position. Shayne & Jacobs LLC’s holdings in AGCO were worth $2,015,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Allworth Financial LP boosted its position in AGCO by 333.3% in the fourth quarter. Allworth Financial LP now owns 286 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 220 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of AGCO in the third quarter worth about $29,000. UMB Bank n.a. lifted its position in shares of AGCO by 84.2% during the 4th 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 in the last quarter. Venturi Wealth Management LLC grew its stake in shares of AGCO by 132.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 368 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 210 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings in AGCO by 50.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 139 shares in the last quarter. Hedge funds and other institutional investors own 78.80% of the company’s stock.

AGCO Trading Up 1.4 %

Shares of NYSE:AGCO opened at $97.85 on Wednesday. AGCO Co. has a 12-month low of $84.35 and a 12-month high of $125.76. The company has a market capitalization of $7.30 billion, a PE ratio of -17.20, a PEG ratio of 1.80 and a beta of 1.25. The company has a current ratio of 1.34, a quick ratio of 0.63 and a debt-to-equity ratio of 0.60. The business has a 50 day moving average of $97.79 and a two-hundred day moving average of $95.94.

AGCO (NYSE:AGCO) last posted its earnings results on Thursday, February 6th. The industrial products company reported $1.97 earnings per share (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%. As a group, 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 will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.19%. AGCO’s dividend payout ratio is currently -20.39%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on AGCO shares. Truist Financial upped their price target on shares of AGCO from $109.00 to $118.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. The Goldman Sachs Group decreased their price target on AGCO from $112.00 to $99.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. Citigroup cut their target price on AGCO from $100.00 to $95.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Oppenheimer increased their price objective on shares of AGCO from $108.00 to $109.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Finally, Morgan Stanley initiated coverage on shares of AGCO in a research report on Tuesday, December 3rd. They set an “equal weight” rating and a $101.00 target price for the company. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, AGCO has a consensus rating of “Hold” and a consensus price target of $107.20.

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.