CANADA LIFE ASSURANCE Co Buys 141,713 Shares of AGCO Co. (NYSE:AGCO)

CANADA LIFE ASSURANCE Co boosted its position in AGCO Co. (NYSE:AGCO - Free Report) by 265.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 195,101 shares of the industrial products company's stock after purchasing an additional 141,713 shares during the quarter. CANADA LIFE ASSURANCE Co owned about 0.26% of AGCO worth $18,221,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP grew its holdings in AGCO by 333.3% in the 4th quarter. Allworth Financial LP now owns 286 shares of the industrial products company's stock worth $30,000 after buying an additional 220 shares in the last quarter. UMB Bank n.a. grew its stake 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 worth $32,000 after purchasing an additional 154 shares in the last quarter. Cullen Frost Bankers Inc. bought a new stake in shares of AGCO during the fourth quarter valued at about $33,000. Jones Financial Companies Lllp grew its position in AGCO by 112.3% in the 4th quarter. Jones Financial Companies Lllp now owns 501 shares of the industrial products company's stock valued at $47,000 after buying an additional 265 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in AGCO by 174.7% in the 4th quarter. GAMMA Investing LLC now owns 544 shares of the industrial products company's stock valued at $51,000 after buying an additional 346 shares in the last quarter. 78.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AGCO has been the subject of a number of research analyst reports. UBS Group set a $106.00 price target on shares of AGCO in a research note on Tuesday. Citigroup upgraded AGCO from a "neutral" rating to a "buy" rating and cut their target price for the stock from $98.00 to $90.00 in a research report on Tuesday, April 8th. Oppenheimer lowered their price target on AGCO from $109.00 to $106.00 and set an "outperform" rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. boosted their price objective on AGCO from $102.00 to $111.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 15th. Finally, Baird R W cut AGCO from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, AGCO currently has a consensus rating of "Hold" and a consensus target price of $99.80.

AGCO Trading Up 4.4 %

Shares of AGCO stock traded up $3.64 during trading on Thursday, hitting $85.97. The stock had a trading volume of 939,595 shares, compared to its average volume of 893,898. The company has a quick ratio of 0.63, a current ratio of 1.34 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $6.41 billion, a PE ratio of -15.11, a P/E/G ratio of 1.80 and a beta of 1.16. AGCO Co. has a 1 year low of $73.79 and a 1 year high of $119.88. The stock has a 50 day simple moving average of $91.22 and a 200 day simple moving average of $95.34.

AGCO (NYSE:AGCO - Get Free Report) last announced its earnings results on Thursday, February 6th. The industrial products company reported $1.97 earnings per share (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%. On average, research analysts expect 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 will be paid on Monday, June 16th. Investors of record on Thursday, May 15th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.35%. AGCO's dividend payout ratio is currently -20.39%.

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.