Connor Clark & Lunn Investment Management Ltd. Purchases New Holdings in AGCO Co. (NYSE:AGCO)

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in AGCO Co. (NYSE:AGCO - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 8,452 shares of the industrial products company's stock, valued at approximately $790,000.

A number of other large investors have also bought and sold shares of AGCO. Allworth Financial LP raised its stake in shares of AGCO by 333.3% in the 4th quarter. Allworth Financial LP now owns 286 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 220 shares during the period. Brooklyn Investment Group acquired a new stake in AGCO in the 3rd quarter valued at approximately $29,000. UMB Bank n.a. raised its position in 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 buying an additional 154 shares during the last quarter. Cullen Frost Bankers Inc. bought a new stake in AGCO in the 4th quarter valued at approximately $33,000. Finally, Jones Financial Companies Lllp boosted its position in AGCO by 112.3% during the 4th quarter. Jones Financial Companies Lllp now owns 501 shares of the industrial products company's stock worth $47,000 after acquiring an additional 265 shares during the last quarter. 78.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AGCO has been the subject of a number of analyst reports. Baird R W downgraded shares of AGCO from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 3rd. StockNews.com raised AGCO from a "sell" rating to a "hold" rating in a research report on Friday, February 7th. Morgan Stanley assumed coverage on AGCO in a research note on Tuesday, December 3rd. They set an "equal weight" rating and a $101.00 price objective on the stock. Truist Financial raised their target price on shares of AGCO from $109.00 to $118.00 and gave the company a "buy" rating in a research note on Thursday, January 16th. Finally, JPMorgan Chase & Co. upped their price target on shares of AGCO from $102.00 to $111.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 15th. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, AGCO has a consensus rating of "Hold" and an average price target of $104.60.

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AGCO Stock Performance

AGCO traded up $0.28 on Tuesday, reaching $95.18. The company had a trading volume of 732,297 shares, compared to its average volume of 820,542. AGCO Co. has a fifty-two week low of $84.35 and a fifty-two week high of $125.76. The stock has a market cap of $7.10 billion, a P/E ratio of -16.73, a P/E/G ratio of 1.80 and a beta of 1.24. The company's fifty day moving average is $98.79 and its 200 day moving average is $96.78. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.63 and a current ratio of 1.34.

AGCO (NYSE:AGCO - Get Free Report) last issued 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, analysts predict that AGCO Co. will post 4.2 earnings per share for the current fiscal year.

AGCO Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were given a $0.29 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.22%. AGCO's payout ratio is presently -20.39%.

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.