Barings LLC Buys 3,549 Shares of AGCO Co. (NYSE:AGCO)

Barings LLC boosted its stake in shares of AGCO Co. (NYSE:AGCO) by 13.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,386 shares of the industrial products company’s stock after buying an additional 3,549 shares during the quarter. Barings LLC’s holdings in AGCO were worth $2,840,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allworth Financial LP lifted its holdings in AGCO by 333.3% during the 4th quarter. Allworth Financial LP now owns 286 shares of the industrial products company’s stock valued at $30,000 after buying an additional 220 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of AGCO in the 3rd quarter valued at about $29,000. UMB Bank n.a. raised its holdings in shares of AGCO by 84.2% in the 4th quarter. UMB Bank n.a. now owns 337 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 154 shares in the last quarter. Cullen Frost Bankers Inc. bought a new stake in shares of AGCO in the 4th quarter valued at about $33,000. Finally, Venturi Wealth Management LLC raised its holdings in shares of AGCO by 132.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 368 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 210 shares in the last quarter. Institutional investors own 78.80% of the company’s stock.

AGCO Stock Up 6.4 %

AGCO stock opened at $102.94 on Friday. The firm’s fifty day simple moving average is $98.11 and its 200-day simple moving average is $96.32. The company has a market capitalization of $7.68 billion, a P/E ratio of -18.09, a price-to-earnings-growth ratio of 1.80 and a beta of 1.24. 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 Co. has a 12 month low of $84.35 and a 12 month high of $125.76.

AGCO (NYSE:AGCO) last released its quarterly earnings data 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 forecast that AGCO Co. will post 4.2 earnings per share for the current year.

AGCO Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Friday, February 14th. AGCO’s dividend payout ratio is currently -20.39%.

Analyst Upgrades and Downgrades

AGCO has been the subject of several recent research reports. Robert W. Baird lowered shares of AGCO from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $116.00 to $100.00 in a report on Monday, March 3rd. Citigroup reduced their price target on shares of AGCO from $100.00 to $95.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Baird R W lowered shares of AGCO from a “strong-buy” rating to a “hold” rating in a report on Monday, March 3rd. StockNews.com raised shares of AGCO from a “sell” rating to a “hold” rating in a research report on Friday, February 7th. Finally, Morgan Stanley began coverage on shares of AGCO in a research report on Tuesday, December 3rd. They issued an “equal weight” rating and a $101.00 price objective on the stock. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $104.30.

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.