Mirova US LLC Sells 34,807 Shares of AGCO Co. (NYSE:AGCO)

Mirova US LLC lowered its stake in AGCO Co. (NYSE:AGCO) by 2.9% in the 4th quarter, Holdings Channel reports. The firm owned 1,172,381 shares of the industrial products company’s stock after selling 34,807 shares during the quarter. AGCO accounts for approximately 1.3% of Mirova US LLC’s portfolio, making the stock its 28th largest position. Mirova US LLC’s holdings in AGCO were worth $109,594,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Allworth Financial LP raised its holdings in shares of AGCO by 333.3% during the 4th quarter. Allworth Financial LP now owns 286 shares of the industrial products company’s stock valued at $30,000 after buying an additional 220 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of AGCO during the third quarter valued at approximately $29,000. UMB Bank n.a. boosted its holdings in AGCO by 84.2% in the fourth quarter. UMB Bank n.a. now owns 337 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 154 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new position in shares of AGCO in the fourth quarter worth $33,000. Finally, Jones Financial Companies Lllp raised its stake 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 worth $47,000 after purchasing an additional 265 shares during the last quarter. Institutional investors own 78.80% of the company’s stock.

AGCO Stock Up 1.7 %

AGCO stock opened at $95.43 on Tuesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.63 and a current ratio of 1.34. The firm has a market cap of $7.12 billion, a PE ratio of -16.77, a P/E/G ratio of 1.80 and a beta of 1.24. AGCO Co. has a one year low of $84.35 and a one year high of $125.76. The firm’s fifty day moving average is $98.54 and its 200 day moving average is $96.61.

AGCO (NYSE:AGCO) last posted its quarterly earnings data 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 negative net margin of 3.64% and a positive return on equity of 13.40%. On average, research analysts forecast that AGCO Co. will post 4.2 EPS for the current year.

AGCO Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.22%. The ex-dividend date was Friday, February 14th. AGCO’s dividend payout ratio is currently -20.39%.

Analyst Upgrades and Downgrades

A number of analysts have commented on AGCO shares. JPMorgan Chase & Co. upped their price target on AGCO from $102.00 to $111.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 15th. Oppenheimer upped their target price 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. Citigroup upped their price target on shares of AGCO from $95.00 to $98.00 and gave the stock a “neutral” rating in a research report on Monday. Baird R W cut shares of AGCO from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 3rd. Finally, Morgan Stanley assumed coverage on shares of AGCO in a report on Tuesday, December 3rd. They issued an “equal weight” rating and a $101.00 price target for the company. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $104.60.

AGCO 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.