M&T Bank Corp Has $3.52 Million Holdings in AGCO Co. (NYSE:AGCO)

M&T Bank Corp trimmed its position in shares of AGCO Co. (NYSE:AGCO) by 2.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,621 shares of the industrial products company’s stock after selling 765 shares during the quarter. M&T Bank Corp owned approximately 0.05% of AGCO worth $3,518,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Pacer Advisors Inc. boosted its stake 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 valued at $206,525,000 after purchasing an additional 538,955 shares in the last quarter. State Street Corp boosted its stake in shares of AGCO by 4.3% during the third quarter. State Street Corp now owns 1,978,963 shares of the industrial products company’s stock valued at $193,661,000 after purchasing an additional 80,846 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of 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 in the last quarter. Geode Capital Management LLC boosted its stake in shares of AGCO by 7.2% during the third 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 in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of AGCO by 4.0% during the fourth quarter. Principal Financial Group Inc. now owns 711,687 shares of the industrial products company’s stock worth $66,536,000 after acquiring an additional 27,438 shares during the last quarter. 78.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Citigroup lowered their price objective on AGCO from $100.00 to $95.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Baird R W downgraded AGCO from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 3rd. Truist Financial raised their price objective on AGCO from $109.00 to $118.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. StockNews.com upgraded AGCO from a “sell” rating to a “hold” rating in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. raised 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. Ten research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $104.30.

AGCO Trading Up 6.4 %

NYSE AGCO opened at $102.94 on Friday. The company has a market cap of $7.68 billion, a price-to-earnings ratio of -18.09, a P/E/G ratio of 1.80 and a beta of 1.24. AGCO Co. has a 52 week low of $84.35 and a 52 week high of $125.76. The business has a 50 day moving average price of $98.11 and a 200-day moving average price of $96.32. 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 (NYSE:AGCO) last released 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 negative net margin of 3.64% and a positive return on equity of 13.40%. As a group, equities analysts expect that AGCO Co. will post 4.2 earnings per share for the current fiscal year.

AGCO Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.13%. AGCO’s dividend 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.