Quantitative Investment Management LLC Reduces Stake in AGCO Co. (AGCO)

Quantitative Investment Management LLC decreased its stake in shares of AGCO Co. (NYSE:AGCO) by 74.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 21,300 shares of the industrial products company’s stock after selling 61,500 shares during the quarter. Quantitative Investment Management LLC’s holdings in AGCO were worth $1,521,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of AGCO. UBS Asset Management Americas Inc. increased its stake in AGCO by 1,020.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 2,354,033 shares of the industrial products company’s stock valued at $168,149,000 after acquiring an additional 2,143,931 shares during the period. BlackRock Inc. increased its stake in AGCO by 5.9% in the fourth quarter. BlackRock Inc. now owns 6,754,418 shares of the industrial products company’s stock valued at $482,468,000 after acquiring an additional 378,009 shares during the period. JPMorgan Chase & Co. increased its stake in AGCO by 44.3% in the third quarter. JPMorgan Chase & Co. now owns 750,005 shares of the industrial products company’s stock valued at $55,109,000 after acquiring an additional 230,409 shares during the period. Lodge Hill Capital LLC bought a new stake in AGCO in the third quarter valued at about $16,967,000. Finally, Victory Capital Management Inc. increased its stake in AGCO by 8.7% in the fourth quarter. Victory Capital Management Inc. now owns 2,789,037 shares of the industrial products company’s stock valued at $199,221,000 after acquiring an additional 223,112 shares during the period. 81.92% of the stock is currently owned by institutional investors and hedge funds.

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AGCO Co. (NYSE:AGCO) opened at $65.69 on Tuesday. AGCO Co. has a 12-month low of $58.00 and a 12-month high of $75.95. The stock has a market cap of $5,370.82, a P/E ratio of 28.31, a PEG ratio of 1.45 and a beta of 0.82. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.66 and a current ratio of 1.37.

AGCO (NYSE:AGCO) last announced its earnings results on Tuesday, February 6th. The industrial products company reported $1.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.11 by ($0.01). AGCO had a return on equity of 8.04% and a net margin of 2.24%. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same quarter in the previous year, the company posted $0.84 earnings per share. AGCO’s revenue for the quarter was up 20.7% on a year-over-year basis. research analysts anticipate that AGCO Co. will post 3.69 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, February 15th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.91%. This is a positive change from AGCO’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Wednesday, February 14th. AGCO’s dividend payout ratio is presently 25.86%.

A number of equities analysts have commented on AGCO shares. JPMorgan Chase & Co. upgraded shares of AGCO from an “underweight” rating to a “neutral” rating in a research report on Wednesday, February 7th. Stifel Nicolaus restated a “hold” rating and issued a $73.00 price target on shares of AGCO in a research report on Thursday, December 21st. Bank of America reduced their price target on shares of AGCO from $70.00 to $64.00 and set an “underperform” rating on the stock in a research report on Wednesday, February 7th. Seaport Global Securities restated a “hold” rating on shares of AGCO in a research report on Thursday, January 18th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $79.00 price target on shares of AGCO in a research report on Thursday, January 11th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $72.80.

In other news, VP Richard Robinson Smith sold 1,316 shares of the company’s stock in a transaction that occurred on Saturday, May 19th. The shares were sold at an average price of $54.05, for a total transaction of $71,129.80. Following the transaction, the vice president now directly owns 35,068 shares in the company, valued at $1,895,425.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 4,385 shares of company stock worth $268,581 over the last quarter. 16.60% of the stock is owned by company insiders.

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AGCO Company Profile

AGCO Corporation is a manufacturer and distributor of agricultural equipment and related replacement parts. The Company sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage equipment, implements, and grain storage and protein production systems.

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Institutional Ownership by Quarter for AGCO (NYSE:AGCO)

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