ExodusPoint Capital Management LP Invests $7.12 Million in AGCO Co. (NYSE:AGCO)

ExodusPoint Capital Management LP purchased a new position in shares of AGCO Co. (NYSE:AGCO - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 76,150 shares of the industrial products company's stock, valued at approximately $7,119,000. ExodusPoint Capital Management LP owned approximately 0.10% of AGCO as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in AGCO. Allworth Financial LP lifted its position in 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 acquiring an additional 220 shares in the last quarter. UMB Bank n.a. boosted its position in shares of AGCO by 84.2% during the fourth 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. purchased a new stake in AGCO in the 4th quarter valued at $33,000. LRI Investments LLC lifted its stake in AGCO by 50.0% during the 3rd quarter. LRI Investments LLC now owns 510 shares of the industrial products company's stock valued at $47,000 after acquiring an additional 170 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings 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. Institutional investors own 78.80% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on AGCO. Truist Financial cut their price target on shares of AGCO from $125.00 to $105.00 and set a "buy" rating on the stock in a report on Tuesday. StockNews.com lowered shares of AGCO from a "hold" rating to a "sell" rating in a research report on Thursday, April 3rd. Citigroup raised shares of AGCO from a "neutral" rating to a "buy" rating and decreased their target price for the stock from $98.00 to $90.00 in a report on Tuesday. Baird R W downgraded AGCO from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 3rd. Finally, UBS Group decreased their target price on AGCO from $100.00 to $88.00 and set a "neutral" rating on the stock in a research note on Monday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $100.90.

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AGCO Trading Down 5.1 %

Shares of NYSE:AGCO traded down $4.37 during midday trading on Thursday, hitting $81.44. 591,915 shares of the stock traded hands, compared to its average volume of 880,943. 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 stock has a market capitalization of $6.07 billion, a PE ratio of -14.27, a P/E/G 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 $125.76. The business's 50 day moving average is $94.46 and its two-hundred day moving average is $96.33.

AGCO (NYSE:AGCO - Get Free Report) last announced its earnings results on Thursday, February 6th. The industrial products company reported $1.97 EPS 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%. As a group, research analysts forecast that AGCO Co. will post 4.2 earnings per share for the current 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 issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.42%. AGCO's payout ratio is -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.