AGCO Co. (NYSE:AGCO) Shares Sold by Impax Asset Management Group plc

Impax Asset Management Group plc cut its stake in AGCO Co. (NYSE:AGCO) by 10.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 111,191 shares of the industrial products company’s stock after selling 13,000 shares during the quarter. Impax Asset Management Group plc owned about 0.15% of AGCO worth $10,394,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CIBC Asset Management Inc increased its stake in AGCO by 5.1% during the fourth quarter. CIBC Asset Management Inc now owns 2,265 shares of the industrial products company’s stock worth $212,000 after purchasing an additional 110 shares during the period. First Horizon Advisors Inc. increased its stake in AGCO by 28.6% during the third quarter. First Horizon Advisors Inc. now owns 526 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 117 shares during the period. Inspire Investing LLC increased its stake in AGCO by 2.8% during the fourth quarter. Inspire Investing LLC now owns 4,299 shares of the industrial products company’s stock worth $402,000 after purchasing an additional 118 shares during the period. Oppenheimer & Co. Inc. increased its stake in AGCO by 0.7% during the third quarter. Oppenheimer & Co. Inc. now owns 17,022 shares of the industrial products company’s stock worth $1,666,000 after purchasing an additional 126 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in AGCO by 50.2% during the third quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 139 shares during the period. 78.80% of the stock is owned by institutional investors and hedge funds.

AGCO Price Performance

Shares of AGCO stock opened at $96.51 on Tuesday. AGCO Co. has a 52 week low of $84.35 and a 52 week high of $125.76. The company has a current ratio of 1.34, a quick ratio of 0.63 and a debt-to-equity ratio of 0.60. The firm’s 50 day moving average is $97.77 and its two-hundred day moving average is $95.87.

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

AGCO Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.20%. AGCO’s dividend payout ratio (DPR) is presently -20.39%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on AGCO shares. JPMorgan Chase & Co. boosted their price objective on AGCO from $102.00 to $111.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 15th. Citigroup reduced their target price on shares of AGCO from $100.00 to $95.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Oppenheimer raised their target price on shares of AGCO from $108.00 to $109.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. The Goldman Sachs Group reduced their target price on shares of AGCO from $112.00 to $99.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. Finally, StockNews.com raised shares of AGCO from a “sell” rating to a “hold” rating in a report on Friday, February 7th. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $107.20.

About AGCO

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.