Aster Capital Management DIFC Ltd Boosts Holdings in AGCO Co. (NYSE:AGCO)

Aster Capital Management DIFC Ltd raised its position in AGCO Co. (NYSE:AGCO) by 777.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 4,995 shares of the industrial products company’s stock after acquiring an additional 4,426 shares during the period. Aster Capital Management DIFC Ltd’s holdings in AGCO were worth $467,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allworth Financial LP grew its holdings 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. grew its stake in shares of AGCO by 84.2% during the 4th quarter. UMB Bank n.a. now owns 337 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 154 shares during the period. Cullen Frost Bankers Inc. purchased a new position in shares of AGCO in the 4th quarter valued at about $33,000. LRI Investments LLC lifted its stake in shares of AGCO by 50.0% in the third quarter. LRI Investments LLC now owns 510 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 170 shares during the period. Finally, Jones Financial Companies Lllp lifted its stake in shares of AGCO by 112.3% in the fourth quarter. Jones Financial Companies Lllp now owns 501 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 265 shares during the period. Hedge funds and other institutional investors own 78.80% of the company’s stock.

AGCO Stock Performance

Shares of AGCO opened at $79.45 on Monday. AGCO Co. has a 1 year low of $73.79 and a 1 year high of $125.76. The company’s 50 day simple moving average is $96.97 and its 200 day simple moving average is $96.87. The company has a market capitalization of $5.93 billion, a price-to-earnings ratio of -13.96, a PEG ratio of 1.80 and a beta of 1.16. 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 (NYSE:AGCO) last posted its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.97 earnings per share (EPS) 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, sell-side analysts predict that AGCO Co. will post 4.2 EPS for the current year.

AGCO Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date was Friday, February 14th. AGCO’s dividend payout ratio is currently -20.39%.

Analysts Set New Price Targets

A number of research analysts have issued reports on AGCO shares. Robert W. Baird cut shares of AGCO from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $116.00 to $100.00 in a report on Monday, March 3rd. Oppenheimer raised their price objective on AGCO from $108.00 to $109.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Baird R W downgraded AGCO from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 3rd. StockNews.com cut AGCO from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, Citigroup lifted their price target on AGCO from $95.00 to $98.00 and gave the stock a “neutral” rating in a research note on Monday, March 17th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $104.60.

About AGCO

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.