AGCO Co. (NYSE:AGCO) Shares Sold by New York Life Investment Management LLC

New York Life Investment Management LLC cut its stake in shares of AGCO Co. (NYSE:AGCO) by 4.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 6,548 shares of the industrial products company’s stock after selling 329 shares during the period. New York Life Investment Management LLC’s holdings in AGCO were worth $795,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AGCO. Strs Ohio increased its position in shares of AGCO by 0.7% during the fourth quarter. Strs Ohio now owns 12,091 shares of the industrial products company’s stock worth $1,467,000 after acquiring an additional 87 shares during the last quarter. Nkcfo LLC raised its position in shares of AGCO by 20.5% in the 3rd quarter. Nkcfo LLC now owns 530 shares of the industrial products company’s stock valued at $63,000 after purchasing an additional 90 shares in the last quarter. SummerHaven Investment Management LLC raised its position in shares of AGCO by 1.7% in the 4th quarter. SummerHaven Investment Management LLC now owns 5,383 shares of the industrial products company’s stock valued at $654,000 after purchasing an additional 91 shares in the last quarter. State of Michigan Retirement System boosted its stake in shares of AGCO by 0.7% during the 4th quarter. State of Michigan Retirement System now owns 14,958 shares of the industrial products company’s stock valued at $1,816,000 after buying an additional 100 shares during the last quarter. Finally, Denali Advisors LLC grew its position in shares of AGCO by 50.0% during the fourth quarter. Denali Advisors LLC now owns 309 shares of the industrial products company’s stock worth $38,000 after buying an additional 103 shares in the last quarter. Hedge funds and other institutional investors own 78.80% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. StockNews.com downgraded shares of AGCO from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Truist Financial reduced their price target on shares of AGCO from $142.00 to $137.00 and set a “buy” rating on the stock in a research report on Friday, May 3rd. JPMorgan Chase & Co. lowered their price objective on AGCO from $150.00 to $135.00 and set an “overweight” rating for the company in a report on Friday, May 3rd. Finally, Oppenheimer reduced their target price on AGCO from $154.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday, May 3rd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $141.83.

AGCO Trading Down 2.7 %

NYSE AGCO opened at $113.93 on Thursday. The firm has a market capitalization of $8.50 billion, a PE ratio of 7.71, a price-to-earnings-growth ratio of 0.70 and a beta of 1.32. AGCO Co. has a one year low of $105.77 and a one year high of $140.46. The company has a 50-day simple moving average of $117.05 and a 200-day simple moving average of $116.89. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.09 and a current ratio of 1.99.

AGCO (NYSE:AGCO) last posted its earnings results on Monday, May 6th. The industrial products company reported $2.32 EPS for the quarter, beating the consensus estimate of $2.29 by $0.03. The company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.99 billion. AGCO had a return on equity of 24.02% and a net margin of 7.90%. The business’s revenue was down 12.1% compared to the same quarter last year. During the same period in the prior year, the company earned $3.51 earnings per share. On average, equities analysts forecast that AGCO Co. will post 12 earnings per share for the current year.

AGCO Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Wednesday, May 15th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Tuesday, May 14th. AGCO’s payout ratio is 7.85%.

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.