Prudential Financial Inc. Sells 4,358 Shares of AGCO Co. (NYSE:AGCO)

Prudential Financial Inc. reduced its position in AGCO Co. (NYSE:AGCO) by 43.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 5,751 shares of the industrial products company’s stock after selling 4,358 shares during the period. Prudential Financial Inc.’s holdings in AGCO were worth $538,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Allworth Financial LP raised its position in shares of AGCO by 333.3% in the fourth quarter. Allworth Financial LP now owns 286 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 220 shares during the period. UMB Bank n.a. grew its stake in AGCO by 84.2% in the 4th quarter. UMB Bank n.a. now owns 337 shares of the industrial products company’s stock valued at $32,000 after buying an additional 154 shares in the last quarter. Cullen Frost Bankers Inc. bought a new stake in AGCO during the 4th quarter valued at $33,000. LRI Investments LLC lifted its position in shares of AGCO by 50.0% during the third quarter. LRI Investments LLC now owns 510 shares of the industrial products company’s stock worth $47,000 after acquiring an additional 170 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in shares of AGCO by 112.3% in the fourth quarter. Jones Financial Companies Lllp now owns 501 shares of the industrial products company’s stock worth $47,000 after acquiring an additional 265 shares during the period. 78.80% of the stock is owned by hedge funds and other institutional investors.

AGCO Stock Down 3.1 %

AGCO opened at $75.85 on Wednesday. The company has a market cap of $5.66 billion, a P/E ratio of -13.33, a P/E/G ratio of 1.80 and a beta of 1.16. AGCO Co. has a 12 month low of $73.79 and a 12 month high of $125.76. The business’s 50-day moving average price is $95.24 and its 200-day moving average price is $96.47. The company has a current ratio of 1.34, a quick ratio of 0.63 and a debt-to-equity ratio of 0.60.

AGCO (NYSE:AGCO) last announced its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.97 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.04). AGCO had a negative net margin of 3.64% and a positive return on equity of 13.40%. On average, equities analysts expect that AGCO Co. will post 4.2 EPS for the current year.

AGCO Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend was Friday, February 14th. AGCO’s dividend payout ratio (DPR) is -20.39%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Baird R W lowered AGCO from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 3rd. Citigroup raised shares of AGCO from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $98.00 to $90.00 in a report on Tuesday. UBS Group reduced their price objective on shares of AGCO from $100.00 to $88.00 and set a “neutral” rating for the company in a research note on Monday. Oppenheimer increased their target price on shares of AGCO from $108.00 to $109.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Finally, Robert W. Baird lowered shares of AGCO from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $116.00 to $100.00 in a research report on Monday, March 3rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, AGCO presently has an average rating of “Hold” and a consensus price target of $100.90.

AGCO 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.