Mutual of America Capital Management LLC Has $4.66 Million Stock Holdings in AGCO Co. (NYSE:AGCO)

Mutual of America Capital Management LLC cut its holdings in AGCO Co. (NYSE:AGCO) by 4.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 38,393 shares of the industrial products company’s stock after selling 1,997 shares during the quarter. Mutual of America Capital Management LLC’s holdings in AGCO were worth $4,661,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its position in AGCO by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 6,755,557 shares of the industrial products company’s stock worth $799,047,000 after acquiring an additional 32,583 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of AGCO by 24.7% in the 3rd quarter. Victory Capital Management Inc. now owns 3,042,378 shares of the industrial products company’s stock valued at $359,852,000 after buying an additional 601,877 shares during the last quarter. State Street Corp boosted 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 buying an additional 38,920 shares during the last quarter. Morgan Stanley boosted its holdings in shares of AGCO by 1.7% in the 3rd quarter. Morgan Stanley now owns 1,056,379 shares of the industrial products company’s stock valued at $124,949,000 after buying an additional 17,588 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of AGCO by 16.1% in the 3rd quarter. AQR Capital Management LLC now owns 1,028,727 shares of the industrial products company’s stock valued at $121,678,000 after buying an additional 142,701 shares during the last quarter. 78.80% of the stock is currently owned by institutional investors and hedge funds.

AGCO Stock Down 1.6 %

AGCO stock opened at $118.04 on Tuesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.46 and a quick ratio of 0.67. The stock has a market capitalization of $8.81 billion, a price-to-earnings ratio of 7.55, a PEG ratio of 0.69 and a beta of 1.31. The business’s fifty day moving average price is $115.57 and its two-hundred day moving average price is $117.13. AGCO Co. has a fifty-two week low of $105.77 and a fifty-two week high of $140.46.

AGCO (NYSE:AGCO) last posted its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $3.78 earnings per share for the quarter, missing the consensus estimate of $4.03 by ($0.25). The firm had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $4.03 billion. AGCO had a return on equity of 26.96% and a net margin of 8.13%. The firm’s quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.47 EPS. On average, equities analysts anticipate that AGCO Co. will post 13.03 earnings per share for the current year.

AGCO Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 15th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 0.98%. The ex-dividend date was Wednesday, February 14th. AGCO’s payout ratio is 7.42%.

Analysts Set New Price Targets

AGCO has been the subject of several recent analyst reports. JPMorgan Chase & Co. increased their price objective on AGCO from $145.00 to $150.00 and gave the company an “overweight” rating in a report on Friday. Truist Financial initiated coverage on AGCO in a report on Thursday, March 14th. They issued a “buy” rating and a $142.00 price objective for the company. StockNews.com downgraded AGCO from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Finally, Stifel Nicolaus cut their price objective on AGCO from $160.00 to $153.00 and set a “buy” rating for the company in a report on Tuesday, December 19th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, AGCO has an average rating of “Moderate Buy” and an average target price of $150.38.

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.