AGCO Co. (NYSE:AGCO) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its stake in shares of AGCO Co. (NYSE:AGCO) by 5.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,483 shares of the industrial products company’s stock after selling 1,979 shares during the period. Mutual of America Capital Management LLC’s holdings in AGCO were worth $3,277,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. LRI Investments LLC acquired a new stake in AGCO during the 1st quarter valued at $30,000. Blue Trust Inc. grew its holdings in shares of AGCO by 102.4% during the second quarter. Blue Trust Inc. now owns 344 shares of the industrial products company’s stock valued at $34,000 after buying an additional 174 shares in the last quarter. Venturi Wealth Management LLC raised its position in AGCO by 132.9% during the third quarter. Venturi Wealth Management LLC now owns 368 shares of the industrial products company’s stock valued at $36,000 after buying an additional 210 shares during the period. First Horizon Advisors Inc. lifted its stake in AGCO by 69.0% in the 2nd quarter. First Horizon Advisors Inc. now owns 409 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 167 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in AGCO by 50.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 139 shares during the period. Institutional investors and hedge funds own 78.80% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Truist Financial upped their target price on AGCO from $118.00 to $127.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. BMO Capital Markets began coverage on shares of AGCO in a research report on Friday, August 9th. They issued a “market perform” rating and a $96.00 target price for the company. UBS Group lowered their price target on shares of AGCO from $107.00 to $104.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. JPMorgan Chase & Co. cut their price objective on AGCO from $130.00 to $115.00 and set an “overweight” rating for the company in a report on Wednesday, July 31st. Finally, Oppenheimer lowered their target price on AGCO from $131.00 to $111.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $114.40.

AGCO Stock Performance

Shares of NYSE AGCO opened at $98.41 on Friday. The business’s 50-day simple moving average is $96.34 and its 200-day simple moving average is $97.88. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.72 and a current ratio of 1.53. AGCO Co. has a 52 week low of $84.35 and a 52 week high of $130.26. The firm has a market cap of $7.35 billion, a price-to-earnings ratio of 43.54, a P/E/G ratio of 0.52 and a beta of 1.25.

AGCO (NYSE:AGCO) last announced its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.68 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.40). AGCO had a net margin of 1.35% and a return on equity of 15.79%. The company had revenue of $2.60 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter last year, the business earned $3.97 EPS. The company’s revenue for the quarter was down 24.8% on a year-over-year basis. As a group, equities research analysts expect that AGCO Co. will post 7.32 earnings per share for the current fiscal year.

AGCO Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend is Friday, November 15th. AGCO’s dividend payout ratio is 51.33%.

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.