Caprock Group LLC Trims Holdings in AGCO Co. (NYSE:AGCO)

Caprock Group LLC reduced its stake in AGCO Co. (NYSE:AGCO) by 19.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,235 shares of the industrial products company’s stock after selling 523 shares during the quarter. Caprock Group LLC’s holdings in AGCO were worth $219,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. LRI Investments LLC acquired a new stake in AGCO during the first quarter worth about $30,000. Blue Trust Inc. increased its holdings in shares of AGCO by 102.4% during the 2nd quarter. Blue Trust Inc. now owns 344 shares of the industrial products company’s stock worth $34,000 after buying an additional 174 shares during the last quarter. Venturi Wealth Management LLC raised its position in shares of AGCO by 132.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 368 shares of the industrial products company’s stock valued at $36,000 after buying an additional 210 shares during the period. First Horizon Advisors Inc. lifted its holdings in AGCO by 69.0% in the second quarter. First Horizon Advisors Inc. now owns 409 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 167 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in 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 acquiring an additional 139 shares during the period. 78.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AGCO has been the subject of a number of research analyst reports. BMO Capital Markets started coverage on AGCO in a report on Friday, August 9th. They set a “market perform” rating and a $96.00 price target for the company. The Goldman Sachs Group dropped their price target on shares of AGCO from $112.00 to $99.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th. Citigroup upped their price objective on shares of AGCO from $88.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. UBS Group cut their target price on AGCO from $107.00 to $104.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 31st. Finally, Robert W. Baird lowered their price target on AGCO from $139.00 to $129.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $114.40.

AGCO Price Performance

Shares of NYSE AGCO opened at $98.43 on Monday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 0.72. The company has a market cap of $7.35 billion, a price-to-earnings ratio of 43.55, a price-to-earnings-growth ratio of 0.55 and a beta of 1.25. The stock’s 50-day moving average is $96.49 and its two-hundred day moving average is $97.63. AGCO Co. has a 1-year low of $84.35 and a 1-year high of $130.26.

AGCO (NYSE:AGCO) last issued its earnings results on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share 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 during the quarter, compared to analyst estimates of $2.90 billion. During the same period last year, the business earned $3.97 EPS. The firm’s revenue was down 24.8% compared to the same quarter last year. Analysts forecast that AGCO Co. will post 7.34 EPS for the current fiscal year.

AGCO Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.18%. AGCO’s payout ratio is currently 51.33%.

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.