AGCO Co. (NYSE:AGCO) Shares Purchased by Barings LLC

Barings LLC boosted its stake in shares of AGCO Co. (NYSE:AGCO) by 13.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 30,386 shares of the industrial products company’s stock after purchasing an additional 3,549 shares during the period. Barings LLC’s holdings in AGCO were worth $2,840,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in AGCO. Brooklyn Investment Group acquired a new position in AGCO during the third quarter worth $29,000. Allworth Financial LP raised its position in AGCO by 333.3% during the fourth quarter. Allworth Financial LP now owns 286 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 220 shares during the period. UMB Bank n.a. raised its position in AGCO by 84.2% during the fourth quarter. UMB Bank n.a. now owns 337 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 154 shares during the period. Cullen Frost Bankers Inc. purchased a new stake in shares of AGCO during the fourth quarter worth $33,000. Finally, Venturi Wealth Management LLC grew its holdings in shares of AGCO by 132.9% during the third quarter. Venturi Wealth Management LLC now owns 368 shares of the industrial products company’s stock worth $36,000 after buying an additional 210 shares in the last quarter. 78.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on AGCO shares. Truist Financial upped their target price on shares of AGCO from $109.00 to $118.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. JPMorgan Chase & Co. upped their target price on shares of AGCO from $102.00 to $111.00 and gave the stock an “overweight” rating in a report on Wednesday, January 15th. Morgan Stanley started coverage on shares of AGCO in a report on Tuesday, December 3rd. They set an “equal weight” rating and a $101.00 target price for the company. Baird R W lowered shares of AGCO from a “strong-buy” rating to a “hold” rating in a report on Monday, March 3rd. Finally, Citigroup cut their price objective on shares of AGCO from $100.00 to $95.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $104.30.

AGCO Price Performance

Shares of AGCO opened at $102.94 on Friday. AGCO Co. has a 1-year low of $84.35 and a 1-year high of $125.76. The stock has a market cap of $7.68 billion, a PE ratio of -18.09, a P/E/G ratio of 1.80 and a beta of 1.24. The firm has a 50-day simple moving average of $98.11 and a two-hundred day simple moving average of $96.32. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.34 and a quick ratio of 0.63.

AGCO (NYSE:AGCO) last announced its quarterly earnings results 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%. As a group, analysts forecast that AGCO Co. will post 4.2 EPS for the current year.

AGCO Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date is Friday, February 14th. AGCO’s dividend payout ratio is presently -20.39%.

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.