Aster Capital Management DIFC Ltd Raises Stake in AGCO Co. (NYSE:AGCO)

Aster Capital Management DIFC Ltd raised its holdings in AGCO Co. (NYSE:AGCO - Free Report) by 777.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,995 shares of the industrial products company's stock after buying an additional 4,426 shares during the period. Aster Capital Management DIFC Ltd's holdings in AGCO were worth $467,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of AGCO. CIBC Asset Management Inc boosted its stake in AGCO by 5.1% in the fourth quarter. CIBC Asset Management Inc now owns 2,265 shares of the industrial products company's stock valued at $212,000 after acquiring an additional 110 shares in the last quarter. Inspire Investing LLC grew its stake in AGCO by 2.8% during the 4th quarter. Inspire Investing LLC now owns 4,299 shares of the industrial products company's stock worth $402,000 after buying an additional 118 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in AGCO by 2.4% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 6,207 shares of the industrial products company's stock worth $580,000 after buying an additional 144 shares during the period. Arizona State Retirement System lifted its stake in AGCO by 0.8% in the fourth quarter. Arizona State Retirement System now owns 18,414 shares of the industrial products company's stock valued at $1,721,000 after buying an additional 150 shares during the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of AGCO by 84.2% in the fourth quarter. UMB Bank n.a. now owns 337 shares of the industrial products company's stock valued at $32,000 after acquiring an additional 154 shares during the period. 78.80% of the stock is owned by hedge funds and other institutional investors.

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AGCO Price Performance

Shares of AGCO traded up $2.18 on Friday, reaching $86.09. The stock had a trading volume of 749,853 shares, compared to its average volume of 885,723. AGCO Co. has a twelve month low of $73.79 and a twelve month high of $122.26. The firm has a market capitalization of $6.42 billion, a PE ratio of -15.13, a PEG ratio of 1.80 and a beta of 1.16. The firm has a 50-day moving average of $93.78 and a 200 day moving average of $96.19. 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 announced its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.97 earnings per share 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%. Sell-side analysts expect that AGCO Co. will post 4.2 EPS for the current year.

AGCO Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.35%. The ex-dividend date was Friday, February 14th. AGCO's dividend payout ratio (DPR) is presently -20.39%.

Analyst Upgrades and Downgrades

Several analysts recently commented on AGCO shares. StockNews.com upgraded shares of AGCO from a "sell" rating to a "hold" rating in a research report on Friday. Baird R W lowered AGCO from a "strong-buy" rating to a "hold" rating in a report on Monday, March 3rd. 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. Oppenheimer lifted their target price on AGCO from $108.00 to $109.00 and gave the company an "outperform" rating in a research note on Tuesday, January 28th. Finally, JPMorgan Chase & Co. upped their price target on AGCO from $102.00 to $111.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 15th. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, AGCO presently has a consensus rating of "Hold" and an average price target of $100.90.

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.