Blue Door Asset Management LLC Purchases 64,600 Shares of AGCO Co. (NYSE:AGCO)

Blue Door Asset Management LLC lifted its holdings in AGCO Co. (NYSE:AGCO - Free Report) by 143.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 109,600 shares of the industrial products company's stock after purchasing an additional 64,600 shares during the period. AGCO makes up 3.8% of Blue Door Asset Management LLC's holdings, making the stock its 9th biggest holding. Blue Door Asset Management LLC owned approximately 0.15% of AGCO worth $10,245,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD boosted its position in shares of AGCO by 128.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,504,328 shares of the industrial products company's stock worth $608,026,000 after acquiring an additional 3,654,350 shares in the last quarter. Southernsun Asset Management LLC increased its stake in AGCO by 6.1% in the fourth quarter. Southernsun Asset Management LLC now owns 409,957 shares of the industrial products company's stock valued at $38,323,000 after purchasing an additional 23,513 shares during the last quarter. Hsbc Holdings PLC raised its holdings in AGCO by 5.3% during the fourth quarter. Hsbc Holdings PLC now owns 11,257 shares of the industrial products company's stock worth $1,053,000 after purchasing an additional 568 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of AGCO by 45.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,023 shares of the industrial products company's stock worth $563,000 after buying an additional 1,880 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its holdings in shares of AGCO by 9.1% in the 4th quarter. MetLife Investment Management LLC now owns 34,929 shares of the industrial products company's stock valued at $3,265,000 after buying an additional 2,905 shares in the last quarter. 78.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AGCO has been the subject of several research analyst reports. UBS Group set a $106.00 price objective on shares of AGCO in a research note on Tuesday, April 22nd. Robert W. Baird cut AGCO from an "outperform" rating to a "neutral" rating and decreased their target price for the company from $116.00 to $100.00 in a research report on Monday, March 3rd. StockNews.com raised AGCO from a "sell" rating to a "hold" rating in a research report on Tuesday, April 22nd. Truist Financial decreased their price objective on AGCO from $125.00 to $105.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, Morgan Stanley cut shares of AGCO from an "equal weight" rating to an "underweight" rating and cut their target price for the company from $94.00 to $75.00 in a report on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, AGCO has an average rating of "Hold" and an average target price of $99.80.

AGCO Stock Up 1.2 %

Shares of AGCO traded up $0.98 during trading on Monday, reaching $84.78. The company's stock had a trading volume of 185,686 shares, compared to its average volume of 893,190. AGCO Co. has a twelve month low of $73.79 and a twelve month high of $119.88. The company has a quick ratio of 0.63, a current ratio of 1.34 and a debt-to-equity ratio of 0.60. The company has a market cap of $6.32 billion, a price-to-earnings ratio of -14.92, a P/E/G ratio of 1.80 and a beta of 1.16. The company has a fifty day moving average of $90.62 and a two-hundred day moving average of $95.15.

AGCO (NYSE:AGCO - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.04). AGCO had a negative net margin of 3.64% and a positive return on equity of 13.40%. On average, sell-side analysts predict that AGCO Co. will post 4.2 EPS for the current fiscal year.

AGCO Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Thursday, May 15th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Thursday, May 15th. AGCO's payout ratio is currently -20.39%.

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.