Caisse DE Depot ET Placement DU Quebec Makes New $2.26 Million Investment in AGCO Co. (NYSE:AGCO)

Caisse DE Depot ET Placement DU Quebec bought a new position in AGCO Co. (NYSE:AGCO - Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 23,130 shares of the industrial products company's stock, valued at approximately $2,264,000.

Other large investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its holdings in AGCO by 103.5% during the 2nd quarter. Pacer Advisors Inc. now owns 1,571,453 shares of the industrial products company's stock worth $153,814,000 after acquiring an additional 799,429 shares during the last quarter. AQR Capital Management LLC boosted its holdings in AGCO by 53.0% during the second quarter. AQR Capital Management LLC now owns 1,747,954 shares of the industrial products company's stock worth $171,090,000 after purchasing an additional 605,509 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in AGCO by 28.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,791,202 shares of the industrial products company's stock worth $175,323,000 after purchasing an additional 391,591 shares during the last quarter. Dimensional Fund Advisors LP grew its position in AGCO by 17.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,259,699 shares of the industrial products company's stock worth $221,187,000 after purchasing an additional 335,092 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in AGCO by 67.2% in the 3rd 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 buying an additional 183,688 shares during the last quarter. Institutional investors own 78.80% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on AGCO. Truist Financial upped their target price on AGCO from $118.00 to $127.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. Oppenheimer decreased their target price on AGCO from $131.00 to $111.00 and set an "outperform" rating for the company in a research report on Wednesday, November 6th. Morgan Stanley began coverage on shares of AGCO in a report on Tuesday. They issued an "equal weight" rating and a $101.00 price target on the stock. The Goldman Sachs Group decreased their price objective on shares of AGCO from $112.00 to $99.00 and set a "neutral" rating for the company in a report on Wednesday, November 6th. Finally, StockNews.com lowered shares of AGCO from a "hold" rating to a "sell" rating in a research report on Thursday, November 28th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, AGCO presently has an average rating of "Hold" and a consensus price target of $113.18.

AGCO Price Performance

NYSE AGCO traded down $0.89 during trading hours on Tuesday, hitting $100.61. The company had a trading volume of 685,116 shares, compared to its average volume of 1,038,097. The firm has a 50 day simple moving average of $97.44 and a 200 day simple moving average of $96.81. AGCO Co. has a 52 week low of $84.35 and a 52 week high of $130.26. The firm has a market capitalization of $7.51 billion, a price-to-earnings ratio of 44.52, a PEG ratio of 0.58 and a beta of 1.24. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.72 and a current ratio of 1.53.

AGCO (NYSE:AGCO - Get Free Report) last posted its earnings results on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share for the quarter, missing analysts' consensus estimates of $1.08 by ($0.40). AGCO had a return on equity of 15.79% and a net margin of 1.35%. The firm had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same period last year, the company posted $3.97 EPS. The business's revenue was down 24.8% on a year-over-year basis. Equities research analysts expect that AGCO Co. will post 7.34 earnings per share for the current year.

AGCO Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.15%. The ex-dividend date is Friday, November 15th. AGCO's payout ratio is 51.33%.

AGCO Company 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.