AGCO Co. (NYSE:AGCO) Shares Bought by Quantbot Technologies LP

Quantbot Technologies LP lifted its holdings in AGCO Co. (NYSE:AGCO) by 335.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,758 shares of the industrial products company’s stock after purchasing an additional 36,017 shares during the period. Quantbot Technologies LP’s holdings in AGCO were worth $4,371,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in AGCO. CIBC Asset Management Inc boosted its position in shares of AGCO by 5.1% in the 4th quarter. CIBC Asset Management Inc now owns 2,265 shares of the industrial products company’s stock valued at $212,000 after purchasing an additional 110 shares during the period. First Horizon Advisors Inc. boosted its holdings in shares of AGCO by 28.6% in the third quarter. First Horizon Advisors Inc. now owns 526 shares of the industrial products company’s stock worth $51,000 after buying an additional 117 shares during the period. Inspire Investing LLC raised its holdings in shares of AGCO by 2.8% during the fourth quarter. Inspire Investing LLC now owns 4,299 shares of the industrial products company’s stock valued at $402,000 after acquiring an additional 118 shares during the period. Oppenheimer & Co. Inc. lifted its position in shares of AGCO by 0.7% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 17,022 shares of the industrial products company’s stock valued at $1,666,000 after acquiring an additional 126 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in AGCO by 50.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 139 shares during the period. 78.80% of the stock is currently owned by institutional investors.

AGCO Stock Performance

Shares of NYSE AGCO opened at $94.10 on Friday. The business’s 50-day simple moving average is $98.45 and its 200-day simple moving average is $96.49. AGCO Co. has a 52 week low of $84.35 and a 52 week high of $125.76. 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 firm has a market cap of $7.02 billion, a price-to-earnings ratio of -16.54, a P/E/G ratio of 1.80 and a beta of 1.24.

AGCO (NYSE:AGCO) last announced its quarterly 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%. As a group, equities research analysts expect that AGCO Co. will post 4.2 earnings per share for the current fiscal year.

AGCO Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend was Friday, February 14th. AGCO’s dividend payout ratio is currently -20.39%.

Analysts Set New Price Targets

AGCO has been the subject of a number of research analyst reports. Oppenheimer increased their target price on AGCO from $108.00 to $109.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Truist Financial lifted their target price on AGCO from $109.00 to $118.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. JPMorgan Chase & Co. raised their price target on shares of AGCO from $102.00 to $111.00 and gave the stock an “overweight” rating in a report on Wednesday, January 15th. StockNews.com upgraded shares of AGCO from a “sell” rating to a “hold” rating in a research report on Friday, February 7th. Finally, Robert W. Baird cut 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 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’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $104.30.

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.