Frank Rimerman Advisors LLC Sells 207 Shares of AGCO Co. (NYSE:AGCO)

Frank Rimerman Advisors LLC trimmed its position in AGCO Co. (NYSE:AGCO) by 8.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 2,366 shares of the industrial products company’s stock after selling 207 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in AGCO were worth $221,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. CIBC Asset Management Inc lifted its holdings in shares of AGCO by 5.1% during the 4th quarter. CIBC Asset Management Inc now owns 2,265 shares of the industrial products company’s stock valued at $212,000 after purchasing an additional 110 shares during the last quarter. First Horizon Advisors Inc. increased 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 valued at $51,000 after buying an additional 117 shares in the last quarter. Inspire Investing LLC raised its stake in AGCO by 2.8% in the fourth 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. boosted its holdings in AGCO by 0.7% in the third quarter. Oppenheimer & Co. Inc. now owns 17,022 shares of the industrial products company’s stock worth $1,666,000 after acquiring an additional 126 shares in the last quarter. Finally, Arizona State Retirement System grew its stake in shares of AGCO by 0.8% during the fourth quarter. Arizona State Retirement System now owns 18,414 shares of the industrial products company’s stock worth $1,721,000 after acquiring an additional 150 shares during the last quarter. 78.80% of the stock is owned by hedge funds and other institutional investors.

AGCO Price Performance

Shares of AGCO opened at $95.43 on Tuesday. The company has a market capitalization of $7.12 billion, a P/E ratio of -16.77, a P/E/G ratio of 1.80 and a beta of 1.24. The business’s 50-day moving average is $98.54 and its two-hundred day moving average is $96.61. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.63 and a current ratio of 1.34. AGCO Co. has a fifty-two week low of $84.35 and a fifty-two week high of $125.76.

AGCO (NYSE:AGCO) last announced its quarterly 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 negative net margin of 3.64% and a positive return on equity of 13.40%. Research analysts predict that AGCO Co. will post 4.2 earnings per share for the current year.

AGCO Dividend Announcement

The company 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. This represents a $1.16 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend was Friday, February 14th. AGCO’s dividend payout ratio (DPR) is presently -20.39%.

Analyst Ratings Changes

Several equities analysts recently commented on AGCO shares. Truist Financial increased their price objective on shares of AGCO from $109.00 to $118.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. JPMorgan Chase & Co. raised their price target on shares of AGCO from $102.00 to $111.00 and gave the stock an “overweight” rating in a report on Wednesday, January 15th. StockNews.com raised shares of AGCO from a “sell” rating to a “hold” rating in a report on Friday, February 7th. Baird R W lowered AGCO from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 3rd. Finally, Oppenheimer lifted their price target on AGCO from $108.00 to $109.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Ten equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, AGCO presently has a consensus rating of “Hold” and an average target price of $104.60.

AGCO Company Profile

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.