Quantbot Technologies LP Has $1.05 Million Stock Position in AGCO Co. (NYSE:AGCO)

Quantbot Technologies LP reduced its position in AGCO Co. (NYSE:AGCO) by 55.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 10,741 shares of the industrial products company’s stock after selling 13,126 shares during the quarter. Quantbot Technologies LP’s holdings in AGCO were worth $1,051,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Great Valley Advisor Group Inc. lifted its stake in AGCO by 30.0% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 31,039 shares of the industrial products company’s stock worth $3,038,000 after acquiring an additional 7,171 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of AGCO by 146.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 85,658 shares of the industrial products company’s stock worth $10,538,000 after purchasing an additional 50,892 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of AGCO by 377.0% during the first quarter. Cetera Investment Advisers now owns 17,695 shares of the industrial products company’s stock worth $2,177,000 after purchasing an additional 13,985 shares during the period. Stratos Wealth Advisors LLC grew its position in AGCO by 42.3% during the third quarter. Stratos Wealth Advisors LLC now owns 17,064 shares of the industrial products company’s stock valued at $1,670,000 after purchasing an additional 5,069 shares in the last quarter. Finally, Crossmark Global Holdings Inc. increased its stake in AGCO by 150.1% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 16,591 shares of the industrial products company’s stock valued at $1,624,000 after buying an additional 9,956 shares during the period. Institutional investors and hedge funds own 78.80% of the company’s stock.

AGCO Price Performance

NYSE AGCO opened at $101.21 on Friday. The company has a market cap of $7.55 billion, a P/E ratio of 44.78, a P/E/G ratio of 0.58 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 company has a fifty day simple moving average of $97.22 and a 200 day simple moving average of $97.10.

AGCO (NYSE:AGCO) last issued 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). The business had revenue of $2.60 billion during the quarter, compared to analyst estimates of $2.90 billion. AGCO had a net margin of 1.35% and a return on equity of 15.79%. The company’s revenue for the quarter was down 24.8% compared to the same quarter last year. During the same period in the prior year, the business posted $3.97 earnings per share. On average, sell-side analysts predict that AGCO Co. will post 7.34 EPS for the current 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 given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Friday, November 15th. AGCO’s dividend payout ratio (DPR) is currently 51.33%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Citigroup lifted their target price on shares of AGCO from $88.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. The Goldman Sachs Group reduced their price objective on AGCO from $112.00 to $99.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th. Oppenheimer dropped their target price on AGCO from $131.00 to $111.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. StockNews.com lowered AGCO from a “hold” rating to a “sell” rating in a report on Thursday. Finally, Truist Financial increased their price objective on AGCO from $118.00 to $127.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $114.40.

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.