AGCO Co. (NYSE:AGCO) Shares Sold by Comerica Bank

Comerica Bank reduced its stake in shares of AGCO Co. (NYSE:AGCO) by 0.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 49,939 shares of the industrial products company’s stock after selling 312 shares during the period. Comerica Bank’s holdings in AGCO were worth $4,668,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in AGCO. Barclays PLC boosted its position in AGCO by 386.8% during the third quarter. Barclays PLC now owns 249,209 shares of the industrial products company’s stock worth $24,389,000 after purchasing an additional 198,014 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of AGCO in the 3rd quarter worth about $52,000. Principal Financial Group Inc. grew its stake in AGCO by 28.2% in the 3rd quarter. Principal Financial Group Inc. now owns 684,249 shares of the industrial products company’s stock valued at $66,959,000 after acquiring an additional 150,656 shares during the last quarter. GAMMA Investing LLC increased its holdings in AGCO by 174.7% during the 4th quarter. GAMMA Investing LLC now owns 544 shares of the industrial products company’s stock valued at $51,000 after acquiring an additional 346 shares in the last quarter. Finally, Everence Capital Management Inc. acquired a new position in AGCO during the fourth quarter worth about $236,000. 78.80% of the stock is owned by institutional investors and hedge funds.

AGCO Trading Up 0.9 %

NYSE AGCO opened at $96.06 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. AGCO Co. has a one year low of $73.79 and a one year high of $119.71. The company’s 50 day moving average price is $89.53 and its 200 day moving average price is $94.76. The firm has a market capitalization of $7.16 billion, a price-to-earnings ratio of -16.88, a PEG ratio of 1.80 and a beta of 1.20.

AGCO (NYSE:AGCO) last posted its earnings results 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 quarter in the previous year, the business posted $2.32 EPS. The business’s quarterly revenue was down 30.0% on a year-over-year basis. On average, sell-side analysts predict that AGCO Co. will post 4.2 EPS for the current year.

AGCO Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Thursday, May 15th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.21%. AGCO’s dividend payout ratio (DPR) is currently -14.87%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on AGCO shares. Morgan Stanley lowered shares of AGCO from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $94.00 to $75.00 in a research report on Wednesday, April 16th. Baird R W lowered shares of AGCO from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 3rd. Oppenheimer decreased their target price 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. StockNews.com upgraded AGCO from a “sell” rating to a “hold” rating in a report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. raised their price objective on AGCO from $102.00 to $111.00 and gave the stock an “overweight” rating in a report on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $101.80.

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.