AGCO Co. (NYSE:AGCO) Shares Acquired by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. lifted its holdings in AGCO Co. (NYSE:AGCO) by 2.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 623,585 shares of the industrial products company’s stock after purchasing an additional 12,328 shares during the period. Royal London Asset Management Ltd. owned about 0.84% of AGCO worth $61,024,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in AGCO. Victory Capital Management Inc. increased its position in AGCO by 1.7% during the second quarter. Victory Capital Management Inc. now owns 3,699,964 shares of the industrial products company’s stock worth $362,152,000 after acquiring an additional 63,432 shares during the period. Dimensional Fund Advisors LP boosted its stake in AGCO by 17.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,259,699 shares of the industrial products company’s stock worth $221,187,000 after buying an additional 335,092 shares in the last quarter. Pacer Advisors Inc. boosted its stake in AGCO by 34.3% during the third quarter. Pacer Advisors Inc. now owns 2,110,408 shares of the industrial products company’s stock worth $206,525,000 after buying an additional 538,955 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in AGCO by 3.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,857,505 shares of the industrial products company’s stock worth $181,775,000 after buying an additional 66,303 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of AGCO by 53.0% in the 2nd quarter. AQR Capital Management LLC now owns 1,747,954 shares of the industrial products company’s stock valued at $171,090,000 after purchasing an additional 605,509 shares in the last quarter. 78.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on AGCO shares. Citigroup boosted their target price on shares of AGCO from $88.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. The Goldman Sachs Group dropped their price objective on AGCO from $112.00 to $99.00 and set a “neutral” rating for the company in a report on Wednesday, November 6th. Morgan Stanley assumed coverage on AGCO in a report on Tuesday. They set an “equal weight” rating and a $101.00 price objective for the company. StockNews.com cut AGCO from a “hold” rating to a “sell” rating in a research note on Thursday, November 28th. Finally, Oppenheimer lowered their price target on AGCO from $131.00 to $111.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, AGCO currently has a consensus rating of “Hold” and an average target price of $113.18.

AGCO Trading Down 2.0 %

NYSE:AGCO opened at $97.46 on Friday. AGCO Co. has a twelve month low of $84.35 and a twelve month high of $130.26. The company has a quick ratio of 0.72, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The business has a 50 day moving average price of $97.55 and a two-hundred day moving average price of $96.84. The company has a market cap of $7.27 billion, a P/E ratio of 43.12, a price-to-earnings-growth ratio of 0.57 and a beta of 1.24.

AGCO (NYSE:AGCO) last released its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.40). AGCO had a return on equity of 15.79% and a net margin of 1.35%. The firm had revenue of $2.60 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period last year, the company earned $3.97 EPS. The company’s revenue was down 24.8% compared to the same quarter last year. As a group, analysts expect that AGCO Co. will post 7.34 EPS for the current fiscal year.

AGCO Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.19%. The ex-dividend date is Friday, November 15th. AGCO’s payout ratio is presently 51.33%.

About AGCO

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.