Invesco Ltd. Increases Stake in AGCO Co. (NYSE:AGCO)

Invesco Ltd. grew its position in AGCO Co. (NYSE:AGCO - Free Report) by 68.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,360,301 shares of the industrial products company's stock after purchasing an additional 961,081 shares during the period. Invesco Ltd. owned about 3.16% of AGCO worth $220,641,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in AGCO. CIBC Asset Management Inc boosted its holdings in shares of AGCO by 5.1% in the 4th quarter. CIBC Asset Management Inc now owns 2,265 shares of the industrial products company's stock worth $212,000 after buying an additional 110 shares during the last quarter. Inspire Investing LLC boosted its stake in AGCO by 2.8% in the fourth quarter. Inspire Investing LLC now owns 4,299 shares of the industrial products company's stock valued at $402,000 after acquiring an additional 118 shares during the last quarter. O Shaughnessy Asset Management LLC grew its position in shares of AGCO by 2.4% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 6,207 shares of the industrial products company's stock valued at $580,000 after acquiring an additional 144 shares during the period. Arizona State Retirement System raised its holdings in shares of AGCO by 0.8% in the 4th quarter. Arizona State Retirement System now owns 18,414 shares of the industrial products company's stock worth $1,721,000 after purchasing an additional 150 shares during the period. Finally, UMB Bank n.a. grew its holdings in 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 purchasing an additional 154 shares during the period. 78.80% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

A number of research analysts have recently commented on AGCO shares. UBS Group dropped their price target on AGCO from $100.00 to $88.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. 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. JPMorgan Chase & Co. boosted their price target 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 raised shares of AGCO from a "sell" rating to a "hold" rating in a report on Friday. Finally, Citigroup raised shares of AGCO from a "neutral" rating to a "buy" rating and lowered their target price for the company from $98.00 to $90.00 in a report on Tuesday, April 8th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, AGCO has a consensus rating of "Hold" and an average target price of $100.90.

AGCO Price Performance

Shares of NYSE:AGCO traded down $1.62 on Tuesday, hitting $84.22. The company's stock had a trading volume of 697,740 shares, compared to its average volume of 885,607. AGCO Co. has a 1 year low of $73.79 and a 1 year high of $121.78. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.34 and a quick ratio of 0.63. The company has a market capitalization of $6.28 billion, a PE ratio of -14.80, a PEG ratio of 1.80 and a beta of 1.16. The company has a 50-day simple moving average of $93.43 and a 200 day simple moving average of $96.10.

AGCO (NYSE:AGCO - Get Free Report) last released its quarterly 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 positive return on equity of 13.40% and a negative net margin of 3.64%. Sell-side analysts forecast that AGCO Co. will post 4.2 EPS for the current fiscal year.

AGCO Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend was Friday, February 14th. AGCO's payout ratio is currently -20.39%.

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.