Tectonic Advisors LLC Buys New Holdings in AGCO Co. (NYSE:AGCO)

Tectonic Advisors LLC bought a new position in AGCO Co. (NYSE:AGCO) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,177 shares of the industrial products company’s stock, valued at approximately $390,000.

A number of other institutional investors have also recently bought and sold shares of the business. Pacer Advisors Inc. grew its stake in AGCO by 34.3% during the third quarter. Pacer Advisors Inc. now owns 2,110,408 shares of the industrial products company’s stock worth $206,525,000 after buying an additional 538,955 shares during the last quarter. State Street Corp increased its holdings in AGCO by 4.3% during the 3rd quarter. State Street Corp now owns 1,978,963 shares of the industrial products company’s stock valued at $193,661,000 after purchasing an additional 80,846 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in AGCO by 3.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,857,505 shares of the industrial products company’s stock valued at $181,775,000 after purchasing an additional 66,303 shares during the last quarter. Geode Capital Management LLC raised its position in AGCO by 7.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,205,227 shares of the industrial products company’s stock valued at $121,121,000 after purchasing an additional 80,516 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in AGCO by 28.2% in the third quarter. Principal Financial Group Inc. now owns 684,249 shares of the industrial products company’s stock worth $66,959,000 after purchasing an additional 150,656 shares in the last quarter. Institutional investors and hedge funds own 78.80% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on AGCO. Citigroup cut their price target on AGCO from $100.00 to $95.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. JPMorgan Chase & Co. raised their target price on shares of AGCO from $102.00 to $111.00 and gave the company an “overweight” rating in a research note on Wednesday, January 15th. The Goldman Sachs Group dropped their price target on shares of AGCO from $112.00 to $99.00 and set a “neutral” rating for the company in a research note on Wednesday, November 6th. StockNews.com raised shares of AGCO from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th. Finally, Morgan Stanley began 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. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $107.20.

AGCO Price Performance

AGCO opened at $98.18 on Friday. The stock has a market cap of $7.33 billion, a P/E ratio of 43.44, a P/E/G ratio of 1.03 and a beta of 1.25. AGCO Co. has a 12 month low of $84.35 and a 12 month high of $125.76. The company has a quick ratio of 0.72, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The company has a fifty day simple moving average of $97.85 and a 200 day simple moving average of $95.53.

AGCO (NYSE:AGCO) last announced its quarterly earnings results 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 return on equity of 15.79% and a net margin of 1.35%. On average, research analysts expect that AGCO Co. will post 7.33 EPS for the current year.

AGCO Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.16 annualized dividend and a yield of 1.18%. AGCO’s dividend payout ratio (DPR) is currently 51.33%.

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.