Dalton Greiner Hartman Maher & Co. lowered its stake in AGCO Co. (NYSE:AGCO) by 5.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 76,640 shares of the industrial products company’s stock after selling 4,302 shares during the quarter. Dalton Greiner Hartman Maher & Co.’s holdings in AGCO were worth $5,920,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of AGCO. Prime Capital Investment Advisors LLC acquired a new stake in shares of AGCO in the third quarter valued at about $26,000. First Mercantile Trust Co. acquired a new stake in shares of AGCO in the third quarter valued at about $38,000. Quest Capital Management Inc. ADV acquired a new stake in shares of AGCO in the third quarter valued at about $64,000. Doyle Wealth Management acquired a new stake in shares of AGCO in the second quarter valued at about $78,000. Finally, Point72 Asset Management L.P. acquired a new stake in AGCO during the 2nd quarter valued at approximately $93,000. Institutional investors and hedge funds own 82.08% of the company’s stock.
A number of equities research analysts have weighed in on the company. ValuEngine lowered AGCO from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. Morgan Stanley upgraded AGCO from an “underweight” rating to an “equal weight” rating and set a $88.00 price objective for the company in a research note on Monday, December 16th. OTR Global lowered AGCO to a “positive” rating in a research note on Thursday, October 24th. Citigroup lowered their price objective on AGCO from $80.00 to $79.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. Finally, Stifel Nicolaus raised their price objective on AGCO from $84.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $83.57.
Shares of NYSE AGCO opened at $74.05 on Thursday. AGCO Co. has a fifty-two week low of $60.26 and a fifty-two week high of $81.39. The business has a 50 day moving average price of $76.89 and a two-hundred day moving average price of $75.23. The company has a quick ratio of 0.54, a current ratio of 1.31 and a debt-to-equity ratio of 0.47. The firm has a market cap of $5.63 billion, a PE ratio of 19.04, a price-to-earnings-growth ratio of 1.10 and a beta of 0.99.
AGCO (NYSE:AGCO) last issued its earnings results on Tuesday, October 29th. The industrial products company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.78 by $0.04. The company had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.21 billion. AGCO had a return on equity of 12.26% and a net margin of 3.42%. The business’s revenue was down 4.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.91 EPS. On average, analysts anticipate that AGCO Co. will post 5.06 earnings per share for the current year.
In other news, VP Gary L. Collar sold 5,000 shares of AGCO stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $77.76, for a total value of $388,800.00. Following the completion of the transaction, the vice president now owns 78,807 shares in the company, valued at approximately $6,128,032.32. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Andrew H. Beck sold 10,000 shares of AGCO stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $79.62, for a total value of $796,200.00. Following the completion of the transaction, the chief financial officer now owns 128,218 shares of the company’s stock, valued at approximately $10,208,717.16. The disclosure for this sale can be found here. 17.60% of the stock is currently owned by company insiders.
AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. The company offers high horsepower tractors for larger farms, primarily for row crop production; 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, and residential uses.
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