Dimensional Fund Advisors LP Has $278.95 Million Stake in AGCO Co. (NYSE:AGCO)

Dimensional Fund Advisors LP raised its holdings in shares of AGCO Co. (NYSE:AGCO - Free Report) by 9.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,984,081 shares of the industrial products company's stock after purchasing an additional 258,054 shares during the quarter. Dimensional Fund Advisors LP owned 4.00% of AGCO worth $278,951,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of AGCO. Invesco Ltd. raised its holdings in shares of AGCO by 68.7% during the fourth quarter. Invesco Ltd. now owns 2,360,301 shares of the industrial products company's stock worth $220,641,000 after purchasing an additional 961,081 shares during the period. Norges Bank bought a new stake in shares of AGCO during the 4th quarter worth about $57,321,000. Edge Capital Group LLC acquired a new stake in AGCO in the fourth quarter worth approximately $39,269,000. JPMorgan Chase & Co. boosted its stake in AGCO by 83.6% during the fourth quarter. JPMorgan Chase & Co. now owns 630,098 shares of the industrial products company's stock valued at $58,902,000 after buying an additional 286,958 shares in the last quarter. Finally, Barclays PLC boosted its position in shares of AGCO by 386.8% during the 3rd quarter. Barclays PLC now owns 249,209 shares of the industrial products company's stock valued at $24,389,000 after purchasing an additional 198,014 shares in the last quarter. 78.80% of the stock is currently owned by hedge funds and other institutional investors.

AGCO Price Performance

NYSE:AGCO traded up $3.64 during trading hours on Thursday, reaching $85.97. The company 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 firm has a market capitalization of $6.41 billion, a PE ratio of -15.11, a PEG ratio of 1.80 and a beta of 1.16. AGCO Co. has a one year low of $73.79 and a one year high of $119.88. The stock has a 50-day moving average of $91.22 and a two-hundred day moving average of $95.34.

AGCO (NYSE:AGCO - Get Free Report) last issued 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%. Analysts forecast that AGCO Co. will post 4.2 earnings per share for the current year.

AGCO Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.35%. AGCO's dividend payout ratio (DPR) is currently -20.39%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on AGCO shares. Citigroup raised AGCO from a "neutral" rating to a "buy" rating and dropped their price target for the stock from $98.00 to $90.00 in a research note on Tuesday, April 8th. Morgan Stanley downgraded AGCO from an "equal weight" rating to an "underweight" rating and cut their price target for the stock from $94.00 to $75.00 in a research note on Wednesday, April 16th. UBS Group set a $106.00 price objective on shares of AGCO in a research note on Tuesday. Truist Financial lowered their price target on AGCO from $125.00 to $105.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Finally, Baird R W cut AGCO from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, AGCO currently has an average rating of "Hold" and a consensus target price of $99.80.

AGCO 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.