AGCO Co. (NYSE:AGCO) Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. trimmed its holdings in shares of AGCO Co. (NYSE:AGCO) by 16.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 47,425 shares of the industrial products company’s stock after selling 9,141 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.06% of AGCO worth $4,433,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP grew its holdings in AGCO by 17.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,259,699 shares of the industrial products company’s stock worth $221,187,000 after acquiring an additional 335,092 shares during the period. Pacer Advisors Inc. grew its stake in shares of AGCO by 34.3% in the 3rd quarter. Pacer Advisors Inc. now owns 2,110,408 shares of the industrial products company’s stock worth $206,525,000 after purchasing an additional 538,955 shares during the last quarter. State Street Corp raised its holdings in shares of AGCO by 4.3% in the 3rd quarter. State Street Corp now owns 1,978,963 shares of the industrial products company’s stock worth $193,661,000 after purchasing an additional 80,846 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in AGCO by 3.7% during the third 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 during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in AGCO by 53.0% during the second quarter. AQR Capital Management LLC now owns 1,747,954 shares of the industrial products company’s stock worth $171,090,000 after buying an additional 605,509 shares in the last quarter. 78.80% of the stock is currently owned by institutional investors.

AGCO Price Performance

Shares of NYSE:AGCO opened at $91.04 on Friday. The firm has a market cap of $6.80 billion, a price-to-earnings ratio of 40.28, a P/E/G ratio of 0.56 and a beta of 1.25. AGCO Co. has a 1 year low of $84.35 and a 1 year high of $130.26. The company has a current ratio of 1.53, a quick ratio of 0.72 and a debt-to-equity ratio of 0.87. The business has a fifty day simple moving average of $95.13 and a 200 day simple moving average of $95.02.

AGCO (NYSE:AGCO) last announced its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.40). AGCO had a net margin of 1.35% and a return on equity of 15.79%. The firm had revenue of $2.60 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the prior year, the firm earned $3.97 earnings per share. The firm’s quarterly revenue was down 24.8% compared to the same quarter last year. As a group, sell-side analysts predict that AGCO Co. will post 7.36 earnings per share for the current fiscal year.

AGCO Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 15th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend was Friday, November 15th. AGCO’s payout ratio is presently 51.33%.

Analysts Set New Price Targets

Several research firms have recently weighed in on AGCO. Truist Financial raised their price objective on AGCO from $110.00 to $116.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Oppenheimer dropped their price target on AGCO from $131.00 to $111.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. The Goldman Sachs Group decreased their target price on shares of AGCO from $112.00 to $99.00 and set a “neutral” rating for the company in a report on Wednesday, November 6th. Citigroup boosted their price target on shares of AGCO from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Monday, December 9th. Finally, StockNews.com raised shares of AGCO from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $108.10.

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.