Price T Rowe Associates Inc. MD lifted its holdings in shares of AGCO Co. (NYSE:AGCO - Free Report) by 128.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,504,328 shares of the industrial products company's stock after purchasing an additional 3,654,350 shares during the quarter. Price T Rowe Associates Inc. MD owned 8.71% of AGCO worth $608,026,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake in AGCO by 9.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,984,081 shares of the industrial products company's stock worth $278,951,000 after purchasing an additional 258,054 shares during the last quarter. Invesco Ltd. boosted its stake in AGCO by 68.7% in the fourth quarter. Invesco Ltd. now owns 2,360,301 shares of the industrial products company's stock worth $220,641,000 after buying an additional 961,081 shares in the last quarter. Geode Capital Management LLC grew its position in AGCO by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 1,234,326 shares of the industrial products company's stock valued at $120,172,000 after acquiring an additional 29,099 shares during the last quarter. First Trust Advisors LP raised its stake in shares of AGCO by 15.4% during the fourth quarter. First Trust Advisors LP now owns 1,118,393 shares of the industrial products company's stock worth $104,547,000 after acquiring an additional 148,896 shares in the last quarter. Finally, Royal London Asset Management Ltd. lifted its holdings in shares of AGCO by 21.6% in the 4th quarter. Royal London Asset Management Ltd. now owns 758,236 shares of the industrial products company's stock worth $70,880,000 after acquiring an additional 134,651 shares during the last quarter. 78.80% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
AGCO has been the topic of a number of recent research reports. Citigroup raised AGCO from a "neutral" rating to a "buy" rating and reduced their price objective for the company from $98.00 to $90.00 in a research note on Tuesday, April 8th. Robert W. Baird cut AGCO from an "outperform" rating to a "neutral" rating and decreased their price target for the stock from $116.00 to $100.00 in a research note on Monday, March 3rd. Truist Financial dropped their price objective on AGCO from $125.00 to $105.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. UBS Group set a $106.00 target price on shares of AGCO in a research note on Tuesday, April 22nd. Finally, Oppenheimer dropped their price target on shares of AGCO from $109.00 to $106.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, AGCO presently has an average rating of "Hold" and an average price target of $99.80.
Check Out Our Latest Stock Analysis on AGCO
AGCO Stock Performance
Shares of AGCO stock remained flat at $85.23 during mid-day trading on Tuesday. The stock had a trading volume of 327,451 shares, compared to its average volume of 893,832. The business has a fifty day moving average of $90.62 and a two-hundred day moving average of $95.15. The company has a market cap of $6.36 billion, a price-to-earnings ratio of -14.98, a price-to-earnings-growth ratio of 1.80 and a beta of 1.16. AGCO Co. has a fifty-two week low of $73.79 and a fifty-two week high of $119.88. The company has a current ratio of 1.34, a quick ratio of 0.63 and a debt-to-equity ratio of 0.60.
AGCO (NYSE:AGCO - Get Free Report) last posted its earnings results 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 positive return on equity of 13.40% and a negative net margin of 3.64%. On average, analysts forecast that AGCO Co. will post 4.2 earnings per share for the current year.
AGCO Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Thursday, May 15th will be given a $0.29 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.16 annualized dividend and a dividend yield of 1.36%. AGCO's dividend payout ratio (DPR) is -20.39%.
AGCO Company Profile
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Free Report)
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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