Southernsun Asset Management LLC Raises Stock Position in AGCO Co. (NYSE:AGCO)

Southernsun Asset Management LLC lifted its stake in shares of AGCO Co. (NYSE:AGCO) by 6.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 409,957 shares of the industrial products company’s stock after acquiring an additional 23,513 shares during the period. AGCO makes up 4.8% of Southernsun Asset Management LLC’s investment portfolio, making the stock its 8th biggest position. Southernsun Asset Management LLC owned about 0.55% of AGCO worth $38,323,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Deroy & Devereaux Private Investment Counsel Inc. bought a new stake in AGCO in the fourth quarter worth $3,144,000. Gateway Investment Advisers LLC bought a new position in AGCO during the 4th quarter worth approximately $311,000. Olstein Capital Management L.P. lifted its position in AGCO by 20.8% in the fourth quarter. Olstein Capital Management L.P. now owns 14,500 shares of the industrial products company’s stock valued at $1,355,000 after purchasing an additional 2,500 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of AGCO by 28.2% during the third quarter. Principal Financial Group Inc. now owns 684,249 shares of the industrial products company’s stock valued at $66,959,000 after purchasing an additional 150,656 shares during the period. Finally, Alberta Investment Management Corp grew its holdings in shares of AGCO by 98.5% in the fourth quarter. Alberta Investment Management Corp now owns 49,020 shares of the industrial products company’s stock worth $4,582,000 after purchasing an additional 24,320 shares during the last quarter. Hedge funds and other institutional investors own 78.80% of the company’s stock.

AGCO Price Performance

Shares of NYSE:AGCO opened at $79.89 on Tuesday. The company has a current ratio of 1.34, a quick ratio of 0.63 and a debt-to-equity ratio of 0.60. The company’s 50 day moving average is $91.78 and its 200 day moving average is $95.52. The company has a market cap of $5.96 billion, a PE ratio of -14.04, a price-to-earnings-growth ratio of 1.80 and a beta of 1.16. AGCO Co. has a twelve month low of $73.79 and a twelve month high of $121.49.

AGCO (NYSE:AGCO) last posted its earnings results 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 negative net margin of 3.64% and a positive return on equity of 13.40%. On average, sell-side analysts forecast that AGCO Co. will post 4.2 EPS for the current year.

Analyst Upgrades and Downgrades

AGCO has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their price objective on AGCO from $102.00 to $111.00 and gave the stock an “overweight” rating in a report on Wednesday, January 15th. UBS Group reduced their target price on AGCO from $100.00 to $88.00 and set a “neutral” rating on the stock in a report on Monday, April 7th. Baird R W lowered 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 report on Tuesday. Finally, Robert W. Baird cut AGCO from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $116.00 to $100.00 in a research report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, AGCO currently has a consensus rating of “Hold” and a consensus price target of $98.30.

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.