Union Bancaire Privee UBP SA Purchases New Holdings in AGCO Co. (NYSE:AGCO)

Union Bancaire Privee UBP SA bought a new position in shares of AGCO Co. (NYSE:AGCO) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 9,061 shares of the industrial products company’s stock, valued at approximately $844,000.

Other large investors also recently bought and sold shares of the company. Deroy & Devereaux Private Investment Counsel Inc. acquired a new stake in shares of AGCO during the 4th quarter worth approximately $3,144,000. Gateway Investment Advisers LLC acquired a new stake in AGCO in the 4th quarter valued at approximately $311,000. Olstein Capital Management L.P. increased its position in AGCO by 20.8% in the 4th quarter. Olstein Capital Management L.P. now owns 14,500 shares of the industrial products company’s stock valued at $1,355,000 after acquiring an additional 2,500 shares during the period. M&T Bank Corp increased its position in AGCO by 133.0% in the 3rd quarter. M&T Bank Corp now owns 84,441 shares of the industrial products company’s stock valued at $8,263,000 after acquiring an additional 48,198 shares during the period. Finally, Royal London Asset Management Ltd. increased its position in AGCO by 2.0% in the 3rd quarter. Royal London Asset Management Ltd. now owns 623,585 shares of the industrial products company’s stock valued at $61,024,000 after acquiring an additional 12,328 shares during the period. Institutional investors own 78.80% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on AGCO. The Goldman Sachs Group lowered their target price on AGCO from $112.00 to $99.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 6th. Oppenheimer increased their price target on AGCO from $108.00 to $109.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Truist Financial increased their price target on AGCO from $109.00 to $118.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Morgan Stanley initiated coverage on AGCO in a research note on Tuesday, December 3rd. They set an “equal weight” rating and a $101.00 price target for the company. Finally, JPMorgan Chase & Co. increased their price target on AGCO from $102.00 to $111.00 and gave the company an “overweight” rating in a research note on Wednesday, January 15th. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $107.20.

AGCO Stock Performance

AGCO opened at $96.51 on Tuesday. The firm has a market cap of $7.20 billion, a PE ratio of -16.96, a P/E/G ratio of 1.85 and a beta of 1.25. The company has a quick ratio of 0.63, a current ratio of 1.34 and a debt-to-equity ratio of 0.60. The business has a fifty day simple moving average of $97.77 and a 200-day simple moving average of $95.87. AGCO Co. has a fifty-two week low of $84.35 and a fifty-two week high of $125.76.

AGCO (NYSE:AGCO) last released its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.97 earnings per share 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 predict that AGCO Co. will post 4.2 EPS for the current fiscal year.

AGCO Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be given a $0.29 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.20%. AGCO’s dividend payout ratio (DPR) is presently -20.39%.

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.