AGF Management Ltd. lifted its holdings in shares of AGCO Co. (NYSE:AGCO - Free Report) by 19.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 205,562 shares of the industrial products company's stock after purchasing an additional 33,633 shares during the quarter. AGF Management Ltd. owned 0.28% of AGCO worth $19,216,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Deroy & Devereaux Private Investment Counsel Inc. acquired a new position in shares of AGCO during the fourth quarter worth about $3,144,000. Gateway Investment Advisers LLC acquired a new position in AGCO during the 4th quarter worth approximately $311,000. Olstein Capital Management L.P. grew its stake in shares of AGCO by 20.8% during the 4th quarter. Olstein Capital Management L.P. now owns 14,500 shares of the industrial products company's stock worth $1,355,000 after acquiring an additional 2,500 shares in the last quarter. M&T Bank Corp lifted its position in shares of AGCO by 133.0% in the third quarter. M&T Bank Corp now owns 84,441 shares of the industrial products company's stock worth $8,263,000 after purchasing an additional 48,198 shares in the last quarter. Finally, Royal London Asset Management Ltd. grew its position in AGCO by 2.0% in the third quarter. Royal London Asset Management Ltd. now owns 623,585 shares of the industrial products company's stock valued at $61,024,000 after purchasing an additional 12,328 shares in the last quarter. Institutional investors own 78.80% of the company's stock.
A number of equities analysts have recently commented on the stock. Citigroup reduced their price objective on shares of AGCO from $100.00 to $95.00 and set a "neutral" rating for the company in a research note on Tuesday, January 14th. StockNews.com upgraded AGCO from a "sell" rating to a "hold" rating in a report on Friday, February 7th. Robert W. Baird downgraded AGCO from an "outperform" rating to a "neutral" rating and decreased their price target for the company from $116.00 to $100.00 in a research note on Monday, March 3rd. Oppenheimer upped their target price on shares of AGCO from $108.00 to $109.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. raised their price target on AGCO from $102.00 to $111.00 and gave the company an "overweight" rating in a report on Wednesday, January 15th. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $104.30.
Get Our Latest Stock Report on AGCO
NYSE AGCO traded down $3.62 during trading on Wednesday, hitting $94.23. 1,095,309 shares of the company's stock were exchanged, compared to its average volume of 825,281. The company has a market cap of $7.03 billion, a PE ratio of -16.56, a P/E/G ratio of 1.80 and a beta of 1.24. The company has a current ratio of 1.34, a quick ratio of 0.63 and a debt-to-equity ratio of 0.60. The stock's 50 day moving average price is $98.38 and its two-hundred day moving average price is $96.52. AGCO Co. has a fifty-two week low of $84.35 and a fifty-two week high of $125.76.
AGCO (NYSE:AGCO - Get Free Report) last posted its earnings results on Thursday, February 6th. The industrial products company reported $1.97 earnings per share for the quarter, missing analysts' consensus estimates of $2.01 by ($0.04). AGCO had a positive return on equity of 13.40% and a negative net margin of 3.64%. Research analysts expect that AGCO Co. will post 4.2 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be issued a $0.29 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.23%. AGCO's dividend payout ratio (DPR) is presently -20.39%.
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.
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