Syon Capital LLC Purchases New Position in AGCO Co. (NYSE:AGCO)

Syon Capital LLC bought a new stake in AGCO Co. (NYSE:AGCO - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,710 shares of the industrial products company's stock, valued at approximately $534,000.

Several other large investors have also recently bought and sold shares of AGCO. Price T Rowe Associates Inc. MD boosted its holdings in AGCO by 128.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,504,328 shares of the industrial products company's stock worth $608,026,000 after buying an additional 3,654,350 shares during the last quarter. Invesco Ltd. boosted its holdings in AGCO by 68.7% during the fourth 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 last quarter. Norges Bank bought a new position in AGCO during the fourth quarter worth about $57,321,000. Edge Capital Group LLC bought a new position in AGCO during the fourth quarter worth about $39,269,000. Finally, JPMorgan Chase & Co. boosted 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 buying an additional 286,958 shares during the last quarter. Institutional investors and hedge funds own 78.80% of the company's stock.

AGCO Stock Performance

NYSE:AGCO traded up $1.53 during mid-day trading on Monday, reaching $85.33. 895,042 shares of the company's stock were exchanged, compared to its average volume of 895,953. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.63 and a current ratio of 1.34. AGCO Co. has a one year low of $73.79 and a one year high of $119.88. The firm has a market capitalization of $6.36 billion, a PE ratio of -15.00, a price-to-earnings-growth ratio of 1.80 and a beta of 1.16. The business's fifty day simple moving average is $90.62 and its two-hundred day simple moving average is $95.15.

AGCO (NYSE:AGCO - Get Free Report) last released its earnings results on Thursday, February 6th. The industrial products company reported $1.97 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.04). AGCO had a negative net margin of 3.64% and a positive return on equity of 13.40%. Analysts anticipate 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 will be paid on Monday, June 16th. Shareholders of record on Thursday, May 15th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend is Thursday, May 15th. AGCO's dividend payout ratio is currently -20.39%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on AGCO shares. Oppenheimer dropped their price target on AGCO from $109.00 to $106.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. Morgan Stanley lowered AGCO from an "equal weight" rating to an "underweight" rating and dropped their price target for the stock from $94.00 to $75.00 in a research report on Wednesday, April 16th. UBS Group set a $106.00 price target on AGCO in a research report on Tuesday, April 22nd. Robert W. Baird lowered AGCO from an "outperform" rating to a "neutral" rating and dropped their price target for the stock from $116.00 to $100.00 in a research report on Monday, March 3rd. Finally, StockNews.com raised AGCO from a "sell" rating to a "hold" rating in a research report on Tuesday, April 22nd. One investment 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 MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $99.80.

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.