US Bancorp DE Buys 235 Shares of AGCO Co. (NYSE:AGCO)

US Bancorp DE raised its stake in AGCO Co. (NYSE:AGCO) by 14.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,858 shares of the industrial products company’s stock after acquiring an additional 235 shares during the period. US Bancorp DE’s holdings in AGCO were worth $174,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. MMCAP International Inc. SPC boosted its position in shares of AGCO by 1.1% during the 4th quarter. MMCAP International Inc. SPC now owns 108,253 shares of the industrial products company’s stock valued at $10,119,000 after purchasing an additional 1,200 shares in the last quarter. Illinois Municipal Retirement Fund boosted its position in shares of AGCO by 104.4% during the 4th quarter. Illinois Municipal Retirement Fund now owns 37,044 shares of the industrial products company’s stock valued at $3,463,000 after purchasing an additional 18,922 shares in the last quarter. Amalgamated Bank boosted its position in shares of AGCO by 1.1% during the 4th quarter. Amalgamated Bank now owns 29,510 shares of the industrial products company’s stock valued at $2,759,000 after purchasing an additional 315 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of 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 valued at $65,383,000 after purchasing an additional 133,492 shares in the last quarter. Finally, Edge Capital Group LLC bought a new stake in shares of AGCO during the 4th quarter valued at about $39,269,000. Institutional investors own 78.80% of the company’s stock.

AGCO Stock Performance

Shares of AGCO stock opened at $94.10 on Friday. The company has a market cap of $7.02 billion, a PE ratio of -16.54, 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 $98.45 and a 200-day moving average price of $96.53. 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 issued its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.97 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.04). AGCO had a negative net margin of 3.64% and a positive return on equity of 13.40%. Equities analysts anticipate that AGCO Co. will post 4.2 earnings per share for the current fiscal year.

AGCO Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date was Friday, February 14th. AGCO’s payout ratio is -20.39%.

Analyst Ratings Changes

AGCO has been the topic of several research analyst reports. Robert W. Baird lowered AGCO from an “outperform” rating to a “neutral” rating and cut their target price for the company from $116.00 to $100.00 in a research report on Monday, March 3rd. Citigroup cut their price target on AGCO from $100.00 to $95.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Oppenheimer increased their price target on AGCO from $108.00 to $109.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. StockNews.com upgraded AGCO from a “sell” rating to a “hold” rating in a report on Friday, February 7th. Finally, JPMorgan Chase & Co. increased their price target on AGCO from $102.00 to $111.00 and gave the stock an “overweight” rating in a report on Wednesday, January 15th. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, AGCO presently has an average rating of “Hold” and an average target price 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.