Jump Financial LLC Acquires 100,034 Shares of AGCO Co. (NYSE:AGCO)

Jump Financial LLC boosted its position in AGCO Co. (NYSE:AGCO - Free Report) by 220.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 145,424 shares of the industrial products company's stock after acquiring an additional 100,034 shares during the period. Jump Financial LLC owned 0.19% of AGCO worth $13,594,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Invesco Ltd. grew its position in shares of 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 buying an additional 961,081 shares during the period. Norges Bank bought a new stake in shares of AGCO in the 4th quarter valued at $57,321,000. Edge Capital Group LLC bought a new stake in AGCO during the 4th quarter worth about $39,269,000. JPMorgan Chase & Co. raised its holdings in AGCO by 83.6% during the fourth quarter. JPMorgan Chase & Co. now owns 630,098 shares of the industrial products company's stock worth $58,902,000 after acquiring an additional 286,958 shares in the last quarter. Finally, 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 acquiring an additional 198,014 shares during the last quarter. 78.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AGCO has been the topic of several research analyst reports. Robert W. Baird lowered shares of AGCO from an "outperform" rating to a "neutral" rating and dropped their price objective for the company from $116.00 to $100.00 in a research report on Monday, March 3rd. UBS Group decreased their target price on shares of AGCO from $100.00 to $88.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. JPMorgan Chase & Co. boosted their price target on AGCO from $102.00 to $111.00 and gave the company an "overweight" rating in a research note on Wednesday, January 15th. Morgan Stanley lowered AGCO from an "equal weight" rating to an "underweight" rating and reduced their price objective for the company from $94.00 to $75.00 in a research note on Wednesday. Finally, Citigroup raised 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 report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $98.30.

AGCO Stock Up 0.8 %

Shares of NYSE AGCO traded up $0.68 during midday trading on Friday, hitting $80.96. 984,072 shares of the stock traded hands, compared to its average volume of 892,040. AGCO Co. has a one year low of $73.79 and a one year high of $121.49. The business has a 50 day moving average price of $92.13 and a two-hundred day moving average price of $95.65. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.63 and a current ratio of 1.34. The company has a market cap of $6.04 billion, a PE ratio of -14.23, a P/E/G ratio of 1.80 and a beta of 1.16.

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 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%. On average, equities analysts predict 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.