Quantbot Technologies LP Boosts Stock Holdings in AGCO Co. (NYSE:AGCO)

Quantbot Technologies LP lifted its holdings in AGCO Co. (NYSE:AGCO) by 222.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 19,983 shares of the industrial products company’s stock after purchasing an additional 13,789 shares during the period. Quantbot Technologies LP’s holdings in AGCO were worth $2,458,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rakuten Securities Inc. purchased a new position in shares of AGCO in the 4th quarter valued at $26,000. FinTrust Capital Advisors LLC grew its position in shares of AGCO by 121.9% in the 1st quarter. FinTrust Capital Advisors LLC now owns 213 shares of the industrial products company’s stock worth $26,000 after buying an additional 117 shares during the last quarter. Manchester Capital Management LLC lifted its position in AGCO by 93.2% during the first quarter. Manchester Capital Management LLC now owns 228 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 110 shares during the last quarter. Allworth Financial LP boosted its stake in AGCO by 72.3% in the fourth quarter. Allworth Financial LP now owns 286 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 120 shares in the last quarter. Finally, American National Bank purchased a new position in AGCO in the fourth quarter worth $37,000. 78.80% of the stock is currently owned by institutional investors.

AGCO Stock Performance

Shares of AGCO stock traded up $0.85 during trading hours on Friday, hitting $98.05. The company’s stock had a trading volume of 753,405 shares, compared to its average volume of 749,123. The stock has a market cap of $7.32 billion, a PE ratio of 6.63, a price-to-earnings-growth ratio of 0.60 and a beta of 1.27. AGCO Co. has a 12-month low of $92.75 and a 12-month high of $140.46. The company has a 50 day moving average of $104.41 and a 200 day moving average of $112.83. The company has a current ratio of 1.99, a quick ratio of 1.09 and a debt-to-equity ratio of 0.72.

AGCO (NYSE:AGCO) last posted its earnings results on Monday, May 6th. The industrial products company reported $2.32 EPS for the quarter, topping the consensus estimate of $2.29 by $0.03. AGCO had a return on equity of 24.02% and a net margin of 7.90%. The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same period last year, the company earned $3.51 earnings per share. AGCO’s revenue for the quarter was down 12.1% compared to the same quarter last year. On average, sell-side analysts forecast that AGCO Co. will post 11.64 EPS for the current fiscal year.

AGCO Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, August 15th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend is Thursday, August 15th. AGCO’s dividend payout ratio is currently 7.85%.

Analysts Set New Price Targets

AGCO has been the subject of a number of recent analyst reports. Oppenheimer lowered their price objective on AGCO from $145.00 to $133.00 and set an “outperform” rating for the company in a research report on Wednesday, June 12th. JPMorgan Chase & Co. dropped their price target on AGCO from $135.00 to $130.00 and set an “overweight” rating on the stock in a research note on Friday, June 28th. Raymond James initiated coverage on shares of AGCO in a research report on Friday, June 28th. They issued a “market perform” rating for the company. The Goldman Sachs Group cut their price target on shares of AGCO from $127.00 to $112.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, Citigroup started coverage on shares of AGCO in a research note on Wednesday, June 26th. They set a “neutral” rating and a $108.00 price objective for the company. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $129.14.

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.