Occudo Quantitative Strategies LP Acquires 7,123 Shares of AGCO Co. (NYSE:AGCO)

Occudo Quantitative Strategies LP grew its holdings in AGCO Co. (NYSE:AGCO) by 173.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,229 shares of the industrial products company’s stock after purchasing an additional 7,123 shares during the period. Occudo Quantitative Strategies LP’s holdings in AGCO were worth $1,050,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Allworth Financial LP raised its position in AGCO by 333.3% in the 4th quarter. Allworth Financial LP now owns 286 shares of the industrial products company’s stock worth $30,000 after buying an additional 220 shares during the last quarter. GeoWealth Management LLC bought a new stake in shares of AGCO in the fourth quarter worth approximately $27,000. UMB Bank n.a. raised its holdings in shares of AGCO by 84.2% during the fourth quarter. UMB Bank n.a. now owns 337 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 154 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new position in shares of AGCO during the fourth quarter valued at approximately $33,000. Finally, Jones Financial Companies Lllp lifted its position in AGCO by 112.3% during the fourth quarter. Jones Financial Companies Lllp now owns 501 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 265 shares during the period. Institutional investors own 78.80% of the company’s stock.

AGCO Stock Up 0.8%

AGCO opened at $106.24 on Wednesday. The company has a market capitalization of $7.92 billion, a PE ratio of -18.67, a price-to-earnings-growth ratio of 1.80 and a beta of 1.20. The firm has a 50-day simple moving average of $90.04 and a two-hundred day simple moving average of $94.69. 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 Co. has a 52 week low of $73.79 and a 52 week high of $119.71.

AGCO (NYSE:AGCO) last released its quarterly earnings results on Thursday, May 1st. The industrial products company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.38. The business had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.06 billion. AGCO had a positive return on equity of 13.40% and a negative net margin of 3.64%. The firm’s revenue for the quarter was down 30.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.32 EPS. Analysts forecast that AGCO Co. will post 4.2 earnings per share for the current fiscal year.

AGCO Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Thursday, May 15th. AGCO’s dividend payout ratio is -14.87%.

Analyst Ratings Changes

A number of research firms have commented on AGCO. Morgan Stanley lifted their target price on shares of AGCO from $75.00 to $84.00 and gave the stock an “underweight” rating in a research report on Monday. Robert W. Baird downgraded AGCO from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $116.00 to $100.00 in a research note on Monday, March 3rd. Citigroup lifted their price objective on AGCO from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, May 5th. Baird R W downgraded AGCO from a “strong-buy” rating to a “hold” rating in a report on Monday, March 3rd. Finally, StockNews.com raised AGCO from a “sell” rating to a “hold” rating in a research report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, AGCO currently has a consensus rating of “Hold” and a consensus target price of $102.70.

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.