Fuller & Thaler Asset Management Inc. Purchases 39,966 Shares of AGCO Co. (NYSE:AGCO)

Fuller & Thaler Asset Management Inc. increased its position in shares of AGCO Co. (NYSE:AGCO - Free Report) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,744,133 shares of the industrial products company's stock after acquiring an additional 39,966 shares during the quarter. AGCO comprises 1.0% of Fuller & Thaler Asset Management Inc.'s holdings, making the stock its 14th biggest position. Fuller & Thaler Asset Management Inc. owned 3.68% of AGCO worth $256,522,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD raised its holdings in shares of AGCO by 128.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,504,328 shares of the industrial products company's stock worth $608,026,000 after buying an additional 3,654,350 shares during the last quarter. Invesco Ltd. grew its position in AGCO by 68.7% during the 4th 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 acquired a new position in AGCO in the fourth quarter valued at approximately $57,321,000. Edge Capital Group LLC purchased a new stake in AGCO in the 4th quarter worth approximately $39,269,000. Finally, JPMorgan Chase & Co. grew its stake in shares of AGCO by 83.6% during the 4th quarter. JPMorgan Chase & Co. now owns 630,098 shares of the industrial products company's stock worth $58,902,000 after purchasing an additional 286,958 shares during the period. Institutional investors and hedge funds own 78.80% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Citigroup upgraded AGCO from a "neutral" rating to a "buy" rating and cut their price objective for the company from $98.00 to $90.00 in a research report on Tuesday, April 8th. Oppenheimer cut their target price on AGCO from $109.00 to $106.00 and set an "outperform" rating for the company in a research note on Tuesday. Baird R W downgraded AGCO from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 3rd. Robert W. Baird cut AGCO from an "outperform" rating to a "neutral" rating and decreased their price target for the stock from $116.00 to $100.00 in a research note on Monday, March 3rd. Finally, Morgan Stanley downgraded shares of AGCO from an "equal weight" rating to an "underweight" rating and dropped their price target for the stock from $94.00 to $75.00 in a research note on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $99.80.

AGCO Stock Up 2.2 %

AGCO opened at $81.66 on Wednesday. The business's 50-day simple moving average is $91.53 and its 200-day simple moving average is $95.43. The stock has a market capitalization of $6.09 billion, a P/E ratio of -14.35, a price-to-earnings-growth 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 $121.49. 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 the consensus estimate of $2.01 by ($0.04). AGCO had a positive return on equity of 13.40% and a negative net margin of 3.64%. Analysts anticipate that AGCO Co. will post 4.2 EPS for the current year.

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.

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