IQ EQ FUND MANAGEMENT IRELAND Ltd lessened its stake in shares of AGCO Co. (NYSE:AGCO - Free Report) by 12.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,157 shares of the industrial products company's stock after selling 2,569 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd's holdings in AGCO were worth $1,697,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the company. Deroy & Devereaux Private Investment Counsel Inc. purchased a new stake in shares of AGCO in the fourth quarter worth approximately $3,144,000. Gateway Investment Advisers LLC purchased a new stake in AGCO in the 4th quarter valued at $311,000. Olstein Capital Management L.P. lifted its stake in AGCO by 20.8% during the 4th quarter. Olstein Capital Management L.P. now owns 14,500 shares of the industrial products company's stock valued at $1,355,000 after acquiring an additional 2,500 shares in the last quarter. M&T Bank Corp boosted its holdings in AGCO by 133.0% during the 3rd quarter. M&T Bank Corp now owns 84,441 shares of the industrial products company's stock worth $8,263,000 after acquiring an additional 48,198 shares during the last quarter. Finally, Royal London Asset Management Ltd. grew its stake in shares of AGCO by 2.0% in the 3rd quarter. Royal London Asset Management Ltd. now owns 623,585 shares of the industrial products company's stock worth $61,024,000 after acquiring an additional 12,328 shares in the last quarter. 78.80% of the stock is currently owned by institutional investors.
AGCO Trading Up 1.0 %
Shares of NYSE AGCO traded up $0.97 during midday trading on Tuesday, reaching $93.54. The company had a trading volume of 77,260 shares, compared to its average volume of 847,751. The stock has a market cap of $6.98 billion, a PE ratio of -16.44, a price-to-earnings-growth ratio of 1.80 and a beta of 1.24. AGCO Co. has a one year low of $84.35 and a one year high of $125.76. The firm's fifty day moving average price is $98.37 and its 200-day moving average price is $97.02. The company has a quick ratio of 0.63, a current ratio of 1.34 and a debt-to-equity ratio of 0.60.
AGCO (NYSE:AGCO - Get Free Report) last released its quarterly earnings data 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%. On average, equities research analysts anticipate that AGCO Co. will post 4.2 earnings per share for the current year.
AGCO Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors 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 dividend on an annualized basis and a dividend yield of 1.24%. AGCO's dividend payout ratio is presently -20.39%.
Analyst Ratings Changes
AGCO has been the subject of several recent analyst reports. StockNews.com raised AGCO from a "sell" rating to a "hold" rating in a report on Friday, February 7th. Baird R W cut AGCO from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 3rd. Morgan Stanley began coverage on AGCO in a report on Tuesday, December 3rd. They issued an "equal weight" rating and a $101.00 price objective for the company. 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. Finally, Robert W. Baird lowered shares of AGCO from an "outperform" rating to a "neutral" rating and lowered their price target for the company from $116.00 to $100.00 in a research report on Monday, March 3rd. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $104.60.
View Our Latest Research Report on AGCO
AGCO Company Profile
(
Free Report)
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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