American Century Companies Inc. raised its stake in AGCO Co. (NYSE:AGCO - Free Report) by 11.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 124,696 shares of the industrial products company's stock after buying an additional 12,780 shares during the period. American Century Companies Inc. owned approximately 0.17% of AGCO worth $11,657,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Edge Capital Group LLC purchased a new stake in shares of AGCO in the 4th quarter worth about $39,269,000. Barclays PLC lifted its holdings in shares of AGCO by 386.8% in the third quarter. Barclays PLC now owns 249,209 shares of the industrial products company's stock valued at $24,389,000 after purchasing an additional 198,014 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of AGCO by 67.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 457,175 shares of the industrial products company's stock valued at $44,739,000 after purchasing an additional 183,688 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of AGCO during the 4th quarter worth approximately $16,845,000. Finally, Principal Financial Group Inc. raised its position in shares of AGCO by 28.2% during the 3rd quarter. Principal Financial Group Inc. now owns 684,249 shares of the industrial products company's stock worth $66,959,000 after purchasing an additional 150,656 shares during the last quarter. 78.80% of the stock is currently owned by institutional investors and hedge funds.
AGCO Stock Down 3.3 %
AGCO stock traded down $2.69 during midday trading on Friday, hitting $79.45. 2,652,579 shares of the company were exchanged, compared to its average volume of 866,268. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.34 and a quick ratio of 0.63. AGCO Co. has a fifty-two week low of $73.79 and a fifty-two week high of $125.76. The company's fifty day moving average price is $96.97 and its 200-day moving average price is $96.87. The company has a market cap of $5.93 billion, a PE ratio of -13.96, a price-to-earnings-growth ratio of 1.80 and a beta of 1.16.
AGCO (NYSE:AGCO - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.97 EPS 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%. On average, research analysts predict that AGCO Co. will post 4.2 EPS for the current fiscal year.
AGCO Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.46%. AGCO's dividend payout ratio (DPR) is presently -20.39%.
Analyst Ratings Changes
A number of equities research analysts have commented on the company. JPMorgan Chase & Co. increased their target price on AGCO from $102.00 to $111.00 and gave the company an "overweight" rating in a report on Wednesday, January 15th. Oppenheimer increased their price objective on AGCO from $108.00 to $109.00 and gave the company an "outperform" rating in a research note on Tuesday, January 28th. Baird R W downgraded shares of AGCO from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 3rd. StockNews.com cut shares of AGCO from a "hold" rating to a "sell" rating in a research note on Thursday. Finally, Truist Financial boosted their price objective on shares of AGCO from $109.00 to $118.00 and gave the company a "buy" rating in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $104.60.
Check Out Our Latest Research Report on AGCO
About AGCO
(
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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