Cohen & Steers Inc. Acquires 66,235 Shares of AGCO Co. (NYSE:AGCO)

Cohen & Steers Inc. increased its holdings in shares of AGCO Co. (NYSE:AGCO - Free Report) by 50.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 198,660 shares of the industrial products company's stock after buying an additional 66,235 shares during the quarter. Cohen & Steers Inc. owned 0.27% of AGCO worth $18,571,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Allworth Financial LP lifted its position in shares of AGCO by 333.3% in the fourth quarter. Allworth Financial LP now owns 286 shares of the industrial products company's stock worth $30,000 after purchasing an additional 220 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of AGCO by 84.2% during the 4th quarter. UMB Bank n.a. now owns 337 shares of the industrial products company's stock valued at $32,000 after buying an additional 154 shares during the period. Cullen Frost Bankers Inc. acquired a new position in shares of AGCO in the fourth quarter worth $33,000. Jones Financial Companies Lllp raised its holdings in shares of AGCO by 112.3% during the fourth quarter. Jones Financial Companies Lllp now owns 501 shares of the industrial products company's stock worth $47,000 after acquiring an additional 265 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in AGCO during the third quarter valued at $52,000. 78.80% of the stock is owned by institutional investors and hedge funds.

AGCO Stock Performance

AGCO stock traded up $0.68 during mid-day trading on Friday, reaching $80.96. 984,072 shares of the stock traded hands, compared to its average volume of 891,414. The business has a 50-day moving average of $92.13 and a two-hundred day moving average of $95.67. AGCO Co. has a 52 week low of $73.79 and a 52 week high of $121.49. The firm has a market capitalization of $6.04 billion, a PE ratio of -14.23, a P/E/G ratio of 1.80 and a beta of 1.16. The company has a quick ratio of 0.63, a current ratio of 1.34 and a debt-to-equity ratio of 0.60.

AGCO (NYSE:AGCO - Get Free Report) last released 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 negative net margin of 3.64% and a positive return on equity of 13.40%. As a group, equities analysts predict that AGCO Co. will post 4.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AGCO. Citigroup raised AGCO from a "neutral" rating to a "buy" rating and cut their price target for the stock from $98.00 to $90.00 in a research note on Tuesday, April 8th. StockNews.com raised shares of AGCO from a "sell" rating to a "hold" rating in a research report on Friday, April 11th. Robert W. Baird downgraded shares of AGCO from an "outperform" rating to a "neutral" rating and decreased their target price for the stock from $116.00 to $100.00 in a research report on Monday, March 3rd. Morgan Stanley downgraded shares of AGCO from an "equal weight" rating to an "underweight" rating and cut their price target for the company from $94.00 to $75.00 in a report on Wednesday. Finally, Truist Financial decreased their price objective on shares of AGCO from $125.00 to $105.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $98.30.

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.