Intech Investment Management LLC Acquires 5,247 Shares of AGCO Co. (NYSE:AGCO)

Intech Investment Management LLC increased its position in shares of AGCO Co. (NYSE:AGCO - Free Report) by 214.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,699 shares of the industrial products company's stock after acquiring an additional 5,247 shares during the quarter. Intech Investment Management LLC's holdings in AGCO were worth $720,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Allworth Financial LP raised its stake in AGCO by 333.3% during 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 purchased a new position in shares of AGCO during the third quarter valued at $29,000. UMB Bank n.a. grew its holdings 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 in the last quarter. Cullen Frost Bankers Inc. acquired a new position in AGCO during the fourth quarter valued at $33,000. Finally, Jones Financial Companies Lllp lifted its stake in AGCO by 112.3% in 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 in the last quarter. Hedge funds and other institutional investors own 78.80% of the company's stock.

AGCO Stock Performance

NYSE AGCO traded up $1.57 during trading on Thursday, hitting $98.85. The company's stock had a trading volume of 1,043,270 shares, compared to its average volume of 823,410. AGCO Co. has a 52 week low of $84.35 and a 52 week high of $125.76. 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 cap of $7.37 billion, a P/E ratio of -17.37, a price-to-earnings-growth ratio of 1.80 and a beta of 1.24. The firm has a 50 day moving average price of $98.75 and a 200 day moving average price of $96.84.

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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 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%. Equities research analysts forecast that AGCO Co. will post 4.2 earnings per share for the current fiscal year.

AGCO Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend was Friday, February 14th. AGCO's dividend payout ratio (DPR) is presently -20.39%.

Wall Street Analysts Forecast Growth

AGCO has been the topic of a number of research reports. Citigroup upped their target price on AGCO from $95.00 to $98.00 and gave the company a "neutral" rating in a report on Monday, March 17th. JPMorgan Chase & Co. boosted their price objective on shares of AGCO from $102.00 to $111.00 and gave the company an "overweight" rating in a research report on Wednesday, January 15th. StockNews.com upgraded shares of AGCO from a "sell" rating to a "hold" rating in a research note on Friday, February 7th. Oppenheimer lifted their target price on shares of AGCO from $108.00 to $109.00 and gave the company an "outperform" rating in a research note on Tuesday, January 28th. Finally, Baird R W cut shares of AGCO from a "strong-buy" rating to a "hold" rating in a report on Monday, March 3rd. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, AGCO has a consensus rating of "Hold" and a consensus target price of $104.60.

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.