California Public Employees Retirement System decreased its stake in AGCO Co. (NYSE:AGCO - Free Report) by 5.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 111,787 shares of the industrial products company's stock after selling 6,707 shares during the quarter. California Public Employees Retirement System owned approximately 0.15% of AGCO worth $10,450,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP increased its holdings in AGCO by 333.3% in the fourth quarter. Allworth Financial LP now owns 286 shares of the industrial products company's stock valued at $30,000 after buying an additional 220 shares in the last quarter. UMB Bank n.a. increased its stake in shares of AGCO by 84.2% in the 4th quarter. UMB Bank n.a. now owns 337 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 154 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new position in shares of AGCO in the 4th quarter valued at about $33,000. LRI Investments LLC boosted its position in AGCO by 50.0% during the third quarter. LRI Investments LLC now owns 510 shares of the industrial products company's stock worth $47,000 after purchasing an additional 170 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its position in 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 purchasing an additional 265 shares in the last quarter. 78.80% of the stock is owned by institutional investors and hedge funds.
AGCO Price Performance
AGCO stock traded up $2.18 during mid-day trading on Friday, reaching $86.09. The company's stock had a trading volume of 749,853 shares, compared to its average volume of 885,723. 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 company's 50 day moving average is $93.78 and its two-hundred day moving average is $96.19. AGCO Co. has a fifty-two week low of $73.79 and a fifty-two week high of $122.26. The stock has a market cap of $6.42 billion, a PE ratio of -15.13, a P/E/G ratio of 1.80 and a beta of 1.16.
AGCO (NYSE:AGCO - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.97 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.01 by ($0.04). AGCO had a negative net margin of 3.64% and a positive return on equity of 13.40%. Equities research analysts expect that AGCO Co. will post 4.2 EPS for the current year.
AGCO Announces Dividend
The business also recently declared 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. The ex-dividend date was Friday, February 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.35%. AGCO's dividend payout ratio is presently -20.39%.
Analysts Set New Price Targets
Several research analysts have recently weighed in on the company. Robert W. Baird downgraded AGCO from an "outperform" rating to a "neutral" rating and reduced their target price for the stock from $116.00 to $100.00 in a research note on Monday, March 3rd. Oppenheimer boosted their price target on shares of AGCO from $108.00 to $109.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. JPMorgan Chase & Co. lifted their target price on shares of AGCO from $102.00 to $111.00 and gave the company an "overweight" rating in a research report on Wednesday, January 15th. Baird R W cut shares of AGCO from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 3rd. Finally, UBS Group decreased their price target on shares of AGCO from $100.00 to $88.00 and set a "neutral" rating on the stock in a research note on Monday. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, AGCO has an average rating of "Hold" and a consensus target price of $100.90.
Read Our Latest Stock Analysis 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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