UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 183,688 Shares of AGCO Co. (NYSE:AGCO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in AGCO Co. (NYSE:AGCO - Free Report) by 67.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 457,175 shares of the industrial products company's stock after acquiring an additional 183,688 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.61% of AGCO worth $44,739,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Great Valley Advisor Group Inc. increased its holdings in shares of AGCO by 30.0% in the second quarter. Great Valley Advisor Group Inc. now owns 31,039 shares of the industrial products company's stock worth $3,038,000 after purchasing an additional 7,171 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of AGCO by 377.0% during the 1st quarter. Cetera Investment Advisers now owns 17,695 shares of the industrial products company's stock worth $2,177,000 after acquiring an additional 13,985 shares in the last quarter. Stratos Wealth Advisors LLC raised its holdings in shares of AGCO by 42.3% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 17,064 shares of the industrial products company's stock worth $1,670,000 after acquiring an additional 5,069 shares in the last quarter. Crossmark Global Holdings Inc. boosted its position in shares of AGCO by 150.1% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 16,591 shares of the industrial products company's stock valued at $1,624,000 after acquiring an additional 9,956 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of AGCO by 3.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 454,138 shares of the industrial products company's stock valued at $44,442,000 after purchasing an additional 13,737 shares in the last quarter. Hedge funds and other institutional investors own 78.80% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. BMO Capital Markets initiated coverage on shares of AGCO in a research note on Friday, August 9th. They set a "market perform" rating and a $96.00 price target on the stock. Truist Financial increased their price target on shares of AGCO from $118.00 to $127.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. Oppenheimer reduced their price objective on AGCO from $131.00 to $111.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 6th. The Goldman Sachs Group lowered their price objective on AGCO from $112.00 to $99.00 and set a "neutral" rating for the company in a research note on Wednesday, November 6th. Finally, Morgan Stanley began coverage on AGCO in a research report on Tuesday. They set an "equal weight" rating and a $101.00 target price on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, AGCO has an average rating of "Hold" and a consensus price target of $113.18.

AGCO Trading Down 1.1 %

AGCO stock traded down $1.09 during midday trading on Wednesday, reaching $99.47. The company's stock had a trading volume of 397,683 shares, compared to its average volume of 785,110. The firm has a market capitalization of $7.42 billion, a price-to-earnings ratio of 44.52, a PEG ratio of 0.58 and a beta of 1.24. AGCO Co. has a 1 year low of $84.35 and a 1 year high of $130.26. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.72 and a current ratio of 1.53. The stock has a fifty day simple moving average of $97.44 and a two-hundred day simple moving average of $96.81.

AGCO (NYSE:AGCO - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share for the quarter, missing analysts' consensus estimates of $1.08 by ($0.40). The company had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.90 billion. AGCO had a net margin of 1.35% and a return on equity of 15.79%. The company's quarterly revenue was down 24.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.97 EPS. On average, equities research analysts predict that AGCO Co. will post 7.34 EPS for the current year.

AGCO Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.16 annualized dividend and a yield of 1.17%. AGCO's dividend payout ratio (DPR) is currently 51.33%.

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.