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

Quantbot Technologies LP raised its holdings in shares of AGCO Co. (NYSE:AGCO) by 335.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,758 shares of the industrial products company’s stock after buying an additional 36,017 shares during the period. Quantbot Technologies LP owned about 0.06% of AGCO worth $4,371,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of AGCO. Allworth Financial LP increased its holdings in AGCO by 333.3% in the 4th quarter. Allworth Financial LP now owns 286 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 220 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of AGCO during the 3rd quarter valued at about $29,000. UMB Bank n.a. lifted its position in 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 acquiring an additional 154 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new position in AGCO in the 4th quarter worth approximately $33,000. Finally, Venturi Wealth Management LLC grew its position in AGCO by 132.9% in the third quarter. Venturi Wealth Management LLC now owns 368 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 210 shares in the last quarter. 78.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on AGCO. Citigroup decreased their target price on shares of AGCO from $100.00 to $95.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. StockNews.com raised AGCO from a “sell” rating to a “hold” rating in a research report on Friday, February 7th. Morgan Stanley began coverage on AGCO in a research note on Tuesday, December 3rd. They set an “equal weight” rating and a $101.00 price objective for the company. Oppenheimer increased their target price on AGCO from $108.00 to $109.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Finally, Truist Financial lifted their price target on shares of AGCO from $109.00 to $118.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Ten research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $104.30.

AGCO Stock Up 2.1 %

AGCO stock opened at $94.10 on Friday. The firm has a market capitalization of $7.02 billion, a P/E ratio of -16.54, a P/E/G ratio of 1.80 and a beta of 1.24. The company has a 50-day simple moving average of $98.45 and a 200-day simple moving average of $96.49. AGCO Co. has a one year low of $84.35 and a one year 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.

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

AGCO Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis 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%.

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.