AGCO Co. (NYSE:AGCO) Shares Acquired by Xponance Inc.

Xponance Inc. lifted its holdings in AGCO Co. (NYSE:AGCO) by 4.1% in the fourth quarter, HoldingsChannel reports. The firm owned 10,616 shares of the industrial products company’s stock after buying an additional 415 shares during the quarter. Xponance Inc.’s holdings in AGCO were worth $992,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in AGCO. State Street Corp boosted its position in AGCO by 4.3% in 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 buying an additional 80,846 shares during the period. Geode Capital Management LLC raised its stake in shares of AGCO by 7.2% in the third quarter. Geode Capital Management LLC now owns 1,205,227 shares of the industrial products company’s stock valued at $121,121,000 after acquiring an additional 80,516 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in AGCO by 4.0% in the fourth quarter. Principal Financial Group Inc. now owns 711,687 shares of the industrial products company’s stock valued at $66,536,000 after purchasing an additional 27,438 shares during the period. Bank of New York Mellon Corp increased its holdings in AGCO by 23.6% during the 4th quarter. Bank of New York Mellon Corp now owns 699,435 shares of the industrial products company’s stock worth $65,383,000 after purchasing an additional 133,492 shares during the period. Finally, Royal London Asset Management Ltd. raised 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 purchasing an additional 12,328 shares in the last quarter. Institutional investors and hedge funds own 78.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AGCO. JPMorgan Chase & Co. boosted their price objective on AGCO from $102.00 to $111.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 15th. Robert W. Baird cut shares of AGCO from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $116.00 to $100.00 in a report on Monday, March 3rd. Baird R W cut shares of AGCO from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 3rd. StockNews.com upgraded shares of AGCO from a “sell” rating to a “hold” rating in a research note on Friday, February 7th. Finally, Morgan Stanley initiated coverage on AGCO in a report on Tuesday, December 3rd. They issued an “equal weight” rating and a $101.00 target price on the stock. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $104.60.

AGCO Stock Down 1.4 %

Shares of NYSE AGCO opened at $93.12 on Monday. The stock has a market cap of $6.95 billion, a PE ratio of -16.37, a price-to-earnings-growth ratio of 1.80 and a beta of 1.24. AGCO Co. has a 52-week low of $84.35 and a 52-week high of $125.76. The business has a 50-day moving average price of $98.83 and a 200 day moving average price of $96.74. The company has a quick ratio of 0.63, a current ratio of 1.34 and a debt-to-equity ratio of 0.60.

AGCO (NYSE:AGCO) last announced its earnings results on Thursday, February 6th. The industrial products company reported $1.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.04). AGCO had a positive return on equity of 13.40% and a negative net margin of 3.64%. Equities research analysts forecast that AGCO Co. will post 4.2 earnings per share for the current year.

AGCO Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.25%. AGCO’s payout ratio is -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.