Charles Schwab Investment Management Inc. raised its position in AGCO Co. (NYSE:AGCO - Free Report) by 3.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 469,669 shares of the industrial products company's stock after acquiring an additional 15,531 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.63% of AGCO worth $43,905,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of AGCO. Pacer Advisors Inc. increased its position in shares of AGCO by 34.3% during the third quarter. Pacer Advisors Inc. now owns 2,110,408 shares of the industrial products company's stock valued at $206,525,000 after buying an additional 538,955 shares during the period. Edge Capital Group LLC purchased a new position in shares of AGCO during the fourth quarter valued at about $39,269,000. Barclays PLC increased its position in shares of AGCO by 386.8% during the third quarter. Barclays PLC now owns 249,209 shares of the industrial products company's stock valued at $24,389,000 after buying an additional 198,014 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of AGCO by 67.2% during the third 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 period. Finally, Principal Financial Group Inc. increased its position in shares of AGCO by 28.2% during the third quarter. Principal Financial Group Inc. now owns 684,249 shares of the industrial products company's stock valued at $66,959,000 after buying an additional 150,656 shares during the period. Hedge funds and other institutional investors own 78.80% of the company's stock.
AGCO Price Performance
Shares of NYSE AGCO traded down $0.40 during midday trading on Tuesday, reaching $94.89. The stock had a trading volume of 644,302 shares, compared to its average volume of 813,729. The stock has a 50-day moving average of $98.54 and a 200-day moving average of $96.61. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.63 and a current ratio of 1.34. The company has a market capitalization of $7.08 billion, a price-to-earnings ratio of -16.68, a price-to-earnings-growth ratio of 1.80 and a beta of 1.24. AGCO Co. has a 12-month low of $84.35 and a 12-month high of $125.76.
AGCO (NYSE:AGCO - Get Free Report) last announced its quarterly earnings data 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 positive return on equity of 13.40% and a negative net margin of 3.64%. As a group, research analysts anticipate that AGCO Co. will post 4.2 EPS for the current fiscal year.
AGCO Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were given a dividend of $0.29 per share. The ex-dividend date was Friday, February 14th. This represents a $1.16 annualized dividend and a yield of 1.22%. AGCO's dividend payout ratio (DPR) is currently -20.39%.
Analyst Ratings Changes
AGCO has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price target 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. Robert W. Baird lowered shares of AGCO from an "outperform" rating to a "neutral" rating and dropped their price objective for the stock from $116.00 to $100.00 in a research note on Monday, March 3rd. Citigroup boosted their price objective on shares of AGCO from $95.00 to $98.00 and gave the stock a "neutral" rating in a research note on Monday. StockNews.com raised shares of AGCO from a "sell" rating to a "hold" rating in a research note on Friday, February 7th. Finally, Baird R W lowered shares of AGCO from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 3rd. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $104.60.
Read Our Latest Research Report on AGCO
AGCO Profile
(
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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