Schonfeld Strategic Advisors LLC Sells 5,246 Shares of AGCO Co. (NYSE:AGCO)

Schonfeld Strategic Advisors LLC lowered its holdings in AGCO Co. (NYSE:AGCO) by 55.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 4,208 shares of the industrial products company’s stock after selling 5,246 shares during the period. Schonfeld Strategic Advisors LLC’s holdings in AGCO were worth $393,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. GeoWealth Management LLC acquired a new position in AGCO in the fourth quarter valued at about $27,000. 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 valued at $30,000 after buying an additional 220 shares in the last quarter. UMB Bank n.a. boosted its position in AGCO by 84.2% in the fourth 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. Cullen Frost Bankers Inc. acquired a new position in AGCO in the fourth quarter valued at about $33,000. Finally, Jones Financial Companies Lllp boosted its position in AGCO by 112.3% in the fourth quarter. Jones Financial Companies Lllp now owns 501 shares of the industrial products company’s stock valued at $47,000 after buying an additional 265 shares in the last quarter. Institutional investors own 78.80% of the company’s stock.

Analyst Upgrades and Downgrades

AGCO has been the topic of a number of recent analyst reports. Oppenheimer reduced their price target on shares of AGCO from $109.00 to $106.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 22nd. UBS Group set a $106.00 price target on shares of AGCO in a research report on Tuesday, April 22nd. Truist Financial reduced their price target on shares of AGCO from $125.00 to $105.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Morgan Stanley lowered shares of AGCO from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $94.00 to $75.00 in a research report on Wednesday, April 16th. Finally, JPMorgan Chase & Co. upped their target price on shares of AGCO from $102.00 to $111.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $101.80.

AGCO Price Performance

Shares of AGCO stock opened at $99.41 on Monday. The firm’s 50 day moving average is $89.76 and its 200-day moving average is $94.65. AGCO Co. has a 1 year low of $73.79 and a 1 year high of $119.71. The firm has a market capitalization of $7.41 billion, a price-to-earnings ratio of -17.47, a PEG ratio of 1.80 and a beta of 1.20. 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 announced its quarterly earnings data on Thursday, May 1st. The industrial products company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.38. AGCO had a negative net margin of 3.64% and a positive return on equity of 13.40%. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same period in the prior year, the business posted $2.32 earnings per share. AGCO’s revenue was down 30.0% compared to the same quarter last year. Sell-side analysts forecast that AGCO Co. will post 4.2 EPS for the current fiscal year.

AGCO Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Thursday, May 15th will be issued a $0.29 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.16 annualized dividend and a yield of 1.17%. AGCO’s dividend payout ratio is currently -14.87%.

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.