Aquatic Capital Management LLC Has $3.14 Million Position in AGCO Co. (NYSE:AGCO)

Aquatic Capital Management LLC reduced its position in shares of AGCO Co. (NYSE:AGCO - Free Report) by 54.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,612 shares of the industrial products company's stock after selling 40,688 shares during the period. Aquatic Capital Management LLC's holdings in AGCO were worth $3,142,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Allworth Financial LP lifted its position in AGCO by 333.3% during the fourth quarter. Allworth Financial LP now owns 286 shares of the industrial products company's stock worth $30,000 after purchasing an additional 220 shares during the period. GeoWealth Management LLC acquired a new stake in AGCO during the fourth quarter worth about $27,000. UMB Bank n.a. grew its stake in AGCO by 84.2% during the fourth quarter. UMB Bank n.a. now owns 337 shares of the industrial products company's stock worth $32,000 after buying an additional 154 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new stake in AGCO during the fourth quarter worth about $33,000. Finally, Jones Financial Companies Lllp grew its stake in AGCO by 112.3% during the fourth quarter. Jones Financial Companies Lllp now owns 501 shares of the industrial products company's stock worth $47,000 after buying an additional 265 shares in the last quarter. 78.80% of the stock is owned by institutional investors and hedge funds.

AGCO Trading Up 9.9 %

NYSE:AGCO traded up $8.44 during mid-day trading on Thursday, hitting $93.27. 1,526,438 shares of the company's stock were exchanged, compared to its average volume of 896,330. The company has a 50 day simple moving average of $89.59 and a 200-day simple moving average of $94.87. The company has a current ratio of 1.34, a quick ratio of 0.63 and a debt-to-equity ratio of 0.60. AGCO Co. has a fifty-two week low of $73.79 and a fifty-two week high of $119.71. The firm has a market capitalization of $6.96 billion, a P/E ratio of -16.39, a PEG ratio of 1.80 and a beta of 1.16.

AGCO (NYSE:AGCO - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.38. The firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.06 billion. AGCO had a negative net margin of 3.64% and a positive return on equity of 13.40%. The company's revenue for the quarter was down 30.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.32 EPS. As a group, research analysts expect that AGCO Co. will post 4.2 earnings per share for the current year.

AGCO Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Thursday, May 15th will be given a dividend of $0.29 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.24%. AGCO's payout ratio is presently -20.39%.

Analysts Set New Price Targets

A number of brokerages have issued reports on AGCO. StockNews.com upgraded shares of AGCO from a "sell" rating to a "hold" rating in a research note on Tuesday, April 22nd. Citigroup upgraded shares of AGCO from a "neutral" rating to a "buy" rating and reduced their price objective for the stock from $98.00 to $90.00 in a research note on Tuesday, April 8th. Morgan Stanley downgraded shares of AGCO from an "equal weight" rating to an "underweight" rating and reduced their price target for the company from $94.00 to $75.00 in a research note on Wednesday, April 16th. JPMorgan Chase & Co. raised their price target on shares of AGCO from $102.00 to $111.00 and gave the company an "overweight" rating in a research note on Wednesday, January 15th. Finally, Baird R W downgraded shares of AGCO from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, AGCO presently has an average rating of "Hold" and an average price target of $99.80.

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.