Quantbot Technologies LP Has $4.37 Million Stake in AGCO Co. (NYSE:AGCO)

Quantbot Technologies LP increased its position in shares of AGCO Co. (NYSE:AGCO - Free Report) by 335.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 46,758 shares of the industrial products company's stock after buying an additional 36,017 shares during the quarter. Quantbot Technologies LP owned 0.06% of AGCO worth $4,371,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Deroy & Devereaux Private Investment Counsel Inc. bought a new position in shares of AGCO during the 4th quarter worth approximately $3,144,000. Gateway Investment Advisers LLC acquired a new position in AGCO during the fourth quarter worth $311,000. Olstein Capital Management L.P. grew its position in AGCO by 20.8% in the fourth quarter. Olstein Capital Management L.P. now owns 14,500 shares of the industrial products company's stock valued at $1,355,000 after purchasing an additional 2,500 shares in the last quarter. M&T Bank Corp increased its stake in AGCO by 133.0% in the 3rd quarter. M&T Bank Corp now owns 84,441 shares of the industrial products company's stock valued at $8,263,000 after buying an additional 48,198 shares during the last quarter. Finally, Royal London Asset Management Ltd. lifted its position in AGCO by 2.0% during the 3rd quarter. Royal London Asset Management Ltd. now owns 623,585 shares of the industrial products company's stock worth $61,024,000 after buying an additional 12,328 shares in the last quarter. Institutional investors and hedge funds own 78.80% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Morgan Stanley assumed coverage on AGCO in a research report on Tuesday, December 3rd. They issued an "equal weight" rating and a $101.00 target price on the stock. Citigroup upped their price objective on AGCO from $95.00 to $98.00 and gave the stock a "neutral" rating in a research note on Monday. Truist Financial increased their price objective on AGCO from $109.00 to $118.00 and gave the company a "buy" rating in a report on Thursday, January 16th. JPMorgan Chase & Co. boosted their target price on shares of AGCO from $102.00 to $111.00 and gave the stock an "overweight" rating in a report on Wednesday, January 15th. Finally, StockNews.com upgraded shares of AGCO from a "sell" rating to a "hold" rating in a research note on Friday, February 7th. Ten analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $104.60.

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AGCO Stock Performance

Shares of AGCO stock traded up $0.28 during midday trading on Wednesday, hitting $95.21. 872,587 shares of the company were exchanged, compared to its average volume of 814,066. The firm has a market capitalization of $7.10 billion, a P/E ratio of -16.73, a PEG ratio of 1.80 and a beta of 1.24. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.63 and a current ratio of 1.34. AGCO Co. has a 52 week low of $84.35 and a 52 week high of $125.76. The firm's 50 day moving average price is $98.60 and its two-hundred day moving average price is $96.64.

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 negative net margin of 3.64% and a positive return on equity of 13.40%. As a group, equities research analysts anticipate that AGCO Co. will post 4.2 earnings per share for the current year.

AGCO Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend was Friday, February 14th. AGCO's dividend payout ratio is currently -20.39%.

AGCO Profile

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.