AGCO (NYSE:AGCO) Shares Down 4.6% – Time to Sell?

AGCO Co. (NYSE:AGCO)’s share price fell 4.6% during mid-day trading on Tuesday . The stock traded as low as $93.30 and last traded at $93.38. 135,831 shares traded hands during trading, a decline of 82% from the average session volume of 757,237 shares. The stock had previously closed at $97.87.

Analysts Set New Price Targets

AGCO has been the topic of several research reports. Robert W. Baird dropped their price objective on AGCO from $139.00 to $129.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. Citigroup increased their price target on shares of AGCO from $88.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Oppenheimer lowered their price target on AGCO from $133.00 to $132.00 and set an “outperform” rating on the stock in a report on Monday, July 22nd. Truist Financial lifted their target price on shares of AGCO from $118.00 to $127.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Finally, UBS Group dropped their price objective on AGCO from $107.00 to $104.00 and set a “neutral” rating for the company in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $117.80.

AGCO Stock Performance

The company has a quick ratio of 0.72, a current ratio of 1.52 and a debt-to-equity ratio of 0.89. The stock has a market cap of $6.73 billion, a price-to-earnings ratio of 16.25, a price-to-earnings-growth ratio of 0.94 and a beta of 1.25. The company’s 50-day simple moving average is $95.51 and its 200-day simple moving average is $99.77.

AGCO Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.16 dividend on an annualized basis and a yield of 1.29%. AGCO’s dividend payout ratio is currently 20.71%.

Insider Buying and Selling at AGCO

In related news, Director Michael C. Arnold purchased 1,800 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were acquired at an average cost of $87.69 per share, with a total value of $157,842.00. Following the completion of the purchase, the director now owns 20,465 shares of the company’s stock, valued at $1,794,575.85. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 16.80% of the company’s stock.

Institutional Investors Weigh In On AGCO

Several institutional investors and hedge funds have recently made changes to their positions in AGCO. Sei Investments Co. increased its position in shares of AGCO by 28.6% in the 1st quarter. Sei Investments Co. now owns 63,831 shares of the industrial products company’s stock valued at $7,853,000 after buying an additional 14,201 shares in the last quarter. Great Valley Advisor Group Inc. grew its position in shares of AGCO by 30.0% during 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 purchasing an additional 7,171 shares in the last quarter. Acadian Asset Management LLC raised its stake in AGCO by 575.9% in the first quarter. Acadian Asset Management LLC now owns 41,664 shares of the industrial products company’s stock valued at $5,125,000 after purchasing an additional 35,500 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of AGCO by 146.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 85,658 shares of the industrial products company’s stock valued at $10,538,000 after purchasing an additional 50,892 shares during the last quarter. Finally, Cetera Investment Advisers increased 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 buying an additional 13,985 shares in the last quarter. Institutional investors and hedge funds own 78.80% of the company’s stock.

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.