SG Americas Securities LLC Cuts Holdings in AGCO (AGCO)

SG Americas Securities LLC lowered its position in shares of AGCO (NYSE:AGCO) by 25.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,021 shares of the industrial products company’s stock after selling 10,148 shares during the quarter. SG Americas Securities LLC’s holdings in AGCO were worth $1,882,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of AGCO by 5.9% during the fourth quarter. BlackRock Inc. now owns 6,754,418 shares of the industrial products company’s stock valued at $482,468,000 after purchasing an additional 378,009 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of AGCO by 8.7% during the fourth quarter. Victory Capital Management Inc. now owns 2,789,037 shares of the industrial products company’s stock valued at $199,221,000 after purchasing an additional 223,112 shares during the last quarter. UBS Asset Management Americas Inc. grew its holdings in shares of AGCO by 1,020.4% during the fourth quarter. UBS Asset Management Americas Inc. now owns 2,354,033 shares of the industrial products company’s stock valued at $168,149,000 after purchasing an additional 2,143,931 shares during the last quarter. Schroder Investment Management Group grew its holdings in shares of AGCO by 11.9% during the fourth quarter. Schroder Investment Management Group now owns 1,149,232 shares of the industrial products company’s stock valued at $82,090,000 after purchasing an additional 122,435 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in shares of AGCO by 470.8% during the fourth quarter. Millennium Management LLC now owns 701,499 shares of the industrial products company’s stock valued at $50,108,000 after purchasing an additional 578,604 shares during the last quarter. Hedge funds and other institutional investors own 82.58% of the company’s stock.

Several equities analysts have recently commented on AGCO shares. Morgan Stanley started coverage on AGCO in a report on Friday, March 2nd. They set an “underweight” rating and a $69.00 target price for the company. Credit Suisse Group lowered their target price on AGCO from $75.00 to $72.00 and set a “neutral” rating for the company in a report on Wednesday, February 7th. JPMorgan Chase raised AGCO from an “underweight” rating to a “neutral” rating in a report on Wednesday, February 7th. Bank of America lowered their target price on AGCO from $70.00 to $64.00 and set an “underperform” rating for the company in a report on Wednesday, February 7th. Finally, BMO Capital Markets lowered their target price on AGCO from $85.00 to $75.00 and set a “market perform” rating for the company in a report on Thursday, February 8th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $72.79.

Shares of AGCO opened at $66.43 on Friday, Marketbeat reports. AGCO has a 12-month low of $64.38 and a 12-month high of $64.90. The company has a market capitalization of $5.18 billion, a P/E ratio of 19.20, a price-to-earnings-growth ratio of 1.42 and a beta of 0.84. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.50 and a quick ratio of 0.65.

AGCO (NYSE:AGCO) last issued its quarterly earnings data on Tuesday, May 1st. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.23. AGCO had a return on equity of 8.86% and a net margin of 2.54%. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same period in the prior year, the company posted ($0.02) EPS. The business’s revenue for the quarter was up 23.3% compared to the same quarter last year. equities research analysts forecast that AGCO will post 3.8 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Tuesday, May 15th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Monday, May 14th. AGCO’s dividend payout ratio (DPR) is 19.87%.

About AGCO

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. The company offers high horsepower tractors for larger farms, primarily for row crop production; 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, and residential uses.

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Institutional Ownership by Quarter for AGCO (NYSE:AGCO)

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