Union Bancaire Privee UBP SA Invests $844,000 in AGCO Co. (NYSE:AGCO)

Union Bancaire Privee UBP SA purchased a new position in AGCO Co. (NYSE:AGCO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,061 shares of the industrial products company’s stock, valued at approximately $844,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Blue Trust Inc. grew its stake in shares of AGCO by 34.9% in the 4th quarter. Blue Trust Inc. now owns 1,341 shares of the industrial products company’s stock worth $131,000 after buying an additional 347 shares during the last quarter. Olstein Capital Management L.P. boosted its stake in AGCO by 20.8% during the 4th 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. CX Institutional boosted its stake in AGCO by 2.6% during the 4th quarter. CX Institutional now owns 49,386 shares of the industrial products company’s stock valued at $4,617,000 after purchasing an additional 1,236 shares during the last quarter. Inspire Investing LLC boosted its stake in AGCO by 2.8% during the 4th quarter. Inspire Investing LLC now owns 4,299 shares of the industrial products company’s stock valued at $402,000 after purchasing an additional 118 shares during the last quarter. Finally, Ballentine Partners LLC purchased a new stake in AGCO during the 4th quarter valued at $245,000. Hedge funds and other institutional investors own 78.80% of the company’s stock.

AGCO Price Performance

Shares of AGCO stock opened at $105.03 on Wednesday. AGCO Co. has a one year low of $84.35 and a one year high of $130.26. The stock’s fifty day moving average is $97.20 and its 200 day moving average is $95.39. The stock has a market cap of $7.84 billion, a P/E ratio of 46.47, a P/E/G ratio of 1.03 and a beta of 1.25. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.72 and a current ratio of 1.53.

AGCO (NYSE:AGCO) last posted its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.40). The business had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.90 billion. AGCO had a net margin of 1.35% and a return on equity of 15.79%. AGCO’s revenue was down 24.8% compared to the same quarter last year. During the same period in the prior year, the business earned $3.97 earnings per share. Sell-side analysts anticipate that AGCO Co. will post 7.33 earnings per share for the current year.

AGCO Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.29 per share. The ex-dividend date is Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.10%. AGCO’s dividend payout ratio is presently 51.33%.

Analyst Ratings Changes

Several analysts have commented on AGCO shares. StockNews.com upgraded AGCO from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th. The Goldman Sachs Group cut their target price on AGCO from $112.00 to $99.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 6th. JPMorgan Chase & Co. raised their price target on AGCO from $102.00 to $111.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 15th. Morgan Stanley started coverage on AGCO in a research note on Tuesday, December 3rd. They issued an “equal weight” rating and a $101.00 price target on the stock. Finally, Citigroup dropped their price target on AGCO from $100.00 to $95.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, AGCO presently has an average rating of “Hold” and an average target price of $107.20.

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.