Securian Asset Management Inc. Has $438,000 Stock Holdings in AGCO Co. (NYSE:AGCO)

Securian Asset Management Inc. lowered its position in shares of AGCO Co. (NYSE:AGCO) by 2.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,683 shares of the industrial products company’s stock after selling 134 shares during the quarter. Securian Asset Management Inc.’s holdings in AGCO were worth $438,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in AGCO. Pacer Advisors Inc. increased its holdings in shares of AGCO by 34.3% during the third quarter. Pacer Advisors Inc. now owns 2,110,408 shares of the industrial products company’s stock worth $206,525,000 after buying an additional 538,955 shares in the last quarter. State Street Corp grew its position in AGCO by 4.3% during the 3rd quarter. State Street Corp now owns 1,978,963 shares of the industrial products company’s stock worth $193,661,000 after acquiring an additional 80,846 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in AGCO by 3.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,857,505 shares of the industrial products company’s stock valued at $181,775,000 after purchasing an additional 66,303 shares in the last quarter. Geode Capital Management LLC raised its position in AGCO by 7.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,205,227 shares of the industrial products company’s stock valued at $121,121,000 after purchasing an additional 80,516 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in AGCO by 4.0% in the fourth quarter. Principal Financial Group Inc. now owns 711,687 shares of the industrial products company’s stock worth $66,536,000 after purchasing an additional 27,438 shares in the last quarter. 78.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on AGCO. Citigroup lifted their price target on AGCO from $95.00 to $98.00 and gave the company a “neutral” rating in a report on Monday. StockNews.com upgraded shares of AGCO from a “sell” rating to a “hold” rating in a research report on Friday, February 7th. Baird R W lowered shares of AGCO from a “strong-buy” rating to a “hold” rating in a report on Monday, March 3rd. Truist Financial upped 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. Finally, Morgan Stanley initiated coverage on AGCO in a research note on Tuesday, December 3rd. They issued an “equal weight” rating and a $101.00 target price for the company. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $104.60.

AGCO Stock Up 1.7 %

NYSE:AGCO opened at $95.43 on Tuesday. The stock’s fifty day simple moving average is $98.54 and its 200-day simple moving average is $96.61. The firm has a market capitalization of $7.12 billion, a P/E ratio of -16.77, a P/E/G ratio of 1.80 and a beta of 1.24. The company has a quick ratio of 0.63, a current ratio of 1.34 and a debt-to-equity ratio of 0.60. AGCO Co. has a 12-month low of $84.35 and a 12-month high of $125.76.

AGCO (NYSE:AGCO) last issued 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%. Equities research analysts expect that AGCO Co. will post 4.2 earnings per share for the current year.

AGCO Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.22%. The ex-dividend date was Friday, February 14th. AGCO’s payout ratio is presently -20.39%.

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.