AGCO Co. (NYSE:AGCO) Shares Sold by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System trimmed its holdings in AGCO Co. (NYSE:AGCO) by 5.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 67,911 shares of the industrial products company’s stock after selling 3,650 shares during the period. State Board of Administration of Florida Retirement System owned about 0.09% of AGCO worth $9,182,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of AGCO by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 6,453,637 shares of the industrial products company’s stock valued at $942,424,000 after acquiring an additional 106,593 shares during the last quarter. Mizuho Markets Americas LLC increased its holdings in shares of AGCO by 7,866.4% in the 1st quarter. Mizuho Markets Americas LLC now owns 3,589,105 shares of the industrial products company’s stock valued at $300,695,000 after acquiring an additional 3,544,052 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of AGCO by 0.6% in the 4th quarter. Victory Capital Management Inc. now owns 3,260,006 shares of the industrial products company’s stock valued at $452,130,000 after acquiring an additional 18,305 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of AGCO by 2.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,038,095 shares of the industrial products company’s stock valued at $275,543,000 after acquiring an additional 40,341 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of AGCO by 2.2% in the 1st quarter. State Street Corp now owns 1,773,305 shares of the industrial products company’s stock valued at $239,751,000 after acquiring an additional 38,920 shares during the last quarter. 75.39% of the stock is owned by institutional investors and hedge funds.

AGCO Trading Up 0.1 %

NYSE:AGCO opened at $122.88 on Monday. AGCO Co. has a 1 year low of $93.53 and a 1 year high of $145.53. The stock has a market cap of $9.20 billion, a price-to-earnings ratio of 8.29, a PEG ratio of 0.84 and a beta of 1.38. The business has a fifty day moving average of $128.57 and a 200-day moving average of $126.88. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.68 and a current ratio of 1.57.

AGCO (NYSE:AGCO) last released its quarterly earnings results on Thursday, July 27th. The industrial products company reported $4.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.72 by $0.57. AGCO had a return on equity of 29.56% and a net margin of 7.84%. The company had revenue of $3.80 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter in the prior year, the business posted $2.38 earnings per share. The company’s revenue for the quarter was up 29.0% compared to the same quarter last year. Equities analysts predict that AGCO Co. will post 15.31 earnings per share for the current year.

AGCO Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Tuesday, August 15th were issued a $0.29 dividend. The ex-dividend date of this dividend was Monday, August 14th. This represents a $1.16 annualized dividend and a dividend yield of 0.94%. AGCO’s dividend payout ratio (DPR) is 7.82%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Citigroup boosted their price target on AGCO from $150.00 to $152.00 and gave the company a “buy” rating in a report on Tuesday, August 1st. Oppenheimer lowered their price objective on AGCO from $158.00 to $153.00 and set an “outperform” rating for the company in a research note on Friday, July 28th. Finally, StockNews.com initiated coverage on AGCO in a research note on Thursday, August 17th. They set a “buy” rating for the company. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $154.64.

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.