AGCO Co. (NYSE:AGCO) Shares Acquired by Olstein Capital Management L.P.

Olstein Capital Management L.P. lifted its holdings in shares of AGCO Co. (NYSE:AGCO - Free Report) by 20.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,500 shares of the industrial products company's stock after acquiring an additional 2,500 shares during the period. Olstein Capital Management L.P.'s holdings in AGCO were worth $1,355,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Pacer Advisors Inc. increased its stake in AGCO by 34.3% in the 3rd quarter. Pacer Advisors Inc. now owns 2,110,408 shares of the industrial products company's stock valued at $206,525,000 after buying an additional 538,955 shares during the period. Barclays PLC increased its stake in shares of AGCO by 386.8% during the third quarter. Barclays PLC now owns 249,209 shares of the industrial products company's stock worth $24,389,000 after acquiring an additional 198,014 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in AGCO by 67.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 457,175 shares of the industrial products company's stock worth $44,739,000 after purchasing an additional 183,688 shares in the last quarter. Principal Financial Group Inc. lifted its position in AGCO by 28.2% in the third quarter. Principal Financial Group Inc. now owns 684,249 shares of the industrial products company's stock valued at $66,959,000 after purchasing an additional 150,656 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC acquired a new stake in AGCO in the third quarter valued at about $13,242,000. 78.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AGCO. Oppenheimer cut their target price on AGCO from $131.00 to $111.00 and set an "outperform" rating for the company in a research note on Wednesday, November 6th. The Goldman Sachs Group reduced their target price on AGCO from $112.00 to $99.00 and set a "neutral" rating for the company in a report on Wednesday, November 6th. StockNews.com upgraded shares of AGCO from a "sell" rating to a "hold" rating in a research report on Thursday, December 19th. Citigroup cut their price target on shares of AGCO from $100.00 to $95.00 and set a "neutral" rating for the company in a report on Tuesday, January 14th. Finally, Truist Financial boosted their price objective on shares of AGCO from $109.00 to $118.00 and gave the stock a "buy" rating in a report on Thursday, January 16th. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $107.40.

AGCO Price Performance

Shares of NYSE AGCO traded up $0.06 on Friday, hitting $105.17. The company's stock had a trading volume of 654,094 shares, compared to its average volume of 566,110. The stock has a 50 day moving average of $96.69 and a 200-day moving average of $95.27. The company has a market capitalization of $7.85 billion, a price-to-earnings ratio of 46.53, a price-to-earnings-growth ratio of 1.03 and a beta of 1.25. AGCO Co. has a 12-month low of $84.35 and a 12-month high of $130.26. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 0.72.

AGCO (NYSE:AGCO - Get Free Report) last posted its earnings results on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.08 by ($0.40). AGCO had a net margin of 1.35% and a return on equity of 15.79%. The company had revenue of $2.60 billion during the quarter, compared to analysts' expectations of $2.90 billion. During the same period in the previous year, the company posted $3.97 EPS. AGCO's quarterly revenue was down 24.8% compared to the same quarter last year. As a group, research analysts predict that AGCO Co. will post 7.33 EPS 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 paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Friday, February 14th. AGCO's payout ratio is 51.33%.

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.