Inceptionr LLC Takes Position in AGCO Co. (NYSE:AGCO)

Inceptionr LLC bought a new position in AGCO Co. (NYSE:AGCO - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 2,641 shares of the industrial products company's stock, valued at approximately $247,000.

Other large investors also recently made changes to their positions in the company. Pacer Advisors Inc. grew its stake in AGCO by 34.3% in the 3rd quarter. Pacer Advisors Inc. now owns 2,110,408 shares of the industrial products company's stock valued at $206,525,000 after purchasing an additional 538,955 shares during the period. Edge Capital Group LLC bought a new stake in shares of AGCO in the 4th quarter worth approximately $39,269,000. Barclays PLC lifted its stake in AGCO by 386.8% in the third 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 during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in 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 purchasing an additional 183,688 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in AGCO in the fourth quarter worth $16,845,000. 78.80% of the stock is owned by institutional investors.

AGCO Price Performance

Shares of AGCO stock traded up $1.92 on Friday, hitting $94.10. 700,591 shares of the company traded hands, compared to its average volume of 823,949. AGCO Co. has a 12-month low of $84.35 and a 12-month high of $125.76. The firm's 50-day simple moving average is $98.41 and its 200 day simple moving average is $96.47. The company has a market cap of $7.02 billion, a P/E ratio of -16.54, a P/E/G ratio of 1.80 and a beta of 1.24. The company has a current ratio of 1.34, a quick ratio of 0.63 and a debt-to-equity ratio of 0.60.

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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 (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 expect that AGCO Co. will post 4.2 earnings per share for the current fiscal year.

AGCO Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Friday, February 14th. AGCO's dividend payout ratio (DPR) is presently -20.39%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Morgan Stanley began coverage on AGCO in a research report on Tuesday, December 3rd. They set an "equal weight" rating and a $101.00 price target on the stock. Oppenheimer increased their target price on shares of AGCO from $108.00 to $109.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 28th. Baird R W lowered shares of AGCO from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 3rd. Truist Financial raised their price objective on shares of AGCO from $109.00 to $118.00 and gave the stock a "buy" rating in a report on Thursday, January 16th. Finally, StockNews.com upgraded AGCO from a "sell" rating to a "hold" rating in a research report on Friday, February 7th. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, AGCO has a consensus rating of "Hold" and a consensus price target of $104.30.

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.