Empirical Finance LLC Sells 3,934 Shares of AGCO Co. (NYSE:AGCO)

Empirical Finance LLC decreased its holdings in shares of AGCO Co. (NYSE:AGCO) by 42.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,358 shares of the industrial products company’s stock after selling 3,934 shares during the quarter. Empirical Finance LLC’s holdings in AGCO were worth $501,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Brooklyn Investment Group purchased a new position in AGCO during the 3rd quarter valued at $29,000. UMB Bank n.a. lifted its position in shares of AGCO by 84.2% during the fourth quarter. UMB Bank n.a. now owns 337 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 154 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in shares of AGCO by 132.9% in the third quarter. Venturi Wealth Management LLC now owns 368 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 210 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of AGCO by 50.2% in 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 last quarter. Finally, LRI Investments LLC lifted its holdings in AGCO by 50.0% during the 3rd quarter. LRI Investments LLC now owns 510 shares of the industrial products company’s stock valued at $47,000 after buying an additional 170 shares in the last quarter. 78.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. upped their target price on shares of AGCO from $102.00 to $111.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 15th. Truist Financial raised their price objective on AGCO from $109.00 to $118.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Oppenheimer upped their target price on AGCO from $108.00 to $109.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Morgan Stanley began coverage on AGCO in a research report on Tuesday, December 3rd. They set an “equal weight” rating and a $101.00 price target on the stock. Finally, The Goldman Sachs Group decreased their price objective on AGCO from $112.00 to $99.00 and set a “neutral” rating for the company in a report on Wednesday, November 6th. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, AGCO currently has a consensus rating of “Hold” and a consensus target price of $107.20.

AGCO Stock Performance

Shares of AGCO stock opened at $97.39 on Tuesday. The company has a market capitalization of $7.27 billion, a PE ratio of -17.12, a P/E/G ratio of 0.97 and a beta of 1.25. The company has a 50-day simple moving average of $97.76 and a two-hundred day simple moving average of $95.49. AGCO Co. has a one year low of $84.35 and a one year high of $125.76. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.72 and a current ratio of 1.34.

AGCO (NYSE:AGCO) last posted its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.97 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.04). AGCO had a positive return on equity of 13.40% and a negative net margin of 3.64%. Research analysts expect that AGCO Co. will post 4.22 EPS for the current fiscal year.

AGCO Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be given a $0.29 dividend. 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 1.19%. AGCO’s payout ratio is -20.39%.

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.