ArrowMark Colorado Holdings LLC Acquires New Shares in AGCO Co. (NYSE:AGCO)

ArrowMark Colorado Holdings LLC purchased a new position in shares of AGCO Co. (NYSE:AGCO - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,700 shares of the industrial products company's stock, valued at approximately $626,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its position in 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 purchasing an additional 3,654,350 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in AGCO by 9.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,984,081 shares of the industrial products company's stock worth $278,951,000 after purchasing an additional 258,054 shares during the period. Fuller & Thaler Asset Management Inc. raised its holdings in shares of AGCO by 1.5% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,744,133 shares of the industrial products company's stock valued at $256,522,000 after buying an additional 39,966 shares during the period. Invesco Ltd. lifted its position in shares of AGCO by 68.7% during the fourth quarter. Invesco Ltd. now owns 2,360,301 shares of the industrial products company's stock worth $220,641,000 after purchasing an additional 961,081 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in AGCO by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 1,234,326 shares of the industrial products company's stock valued at $120,172,000 after buying an additional 29,099 shares during the last quarter. Hedge funds and other institutional investors own 78.80% of the company's stock.

Analyst Upgrades and Downgrades

AGCO has been the subject of several research analyst reports. Oppenheimer dropped their target price on shares of AGCO from $109.00 to $106.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. Citigroup increased their price target on AGCO from $90.00 to $110.00 and gave the stock a "buy" rating in a research report on Monday. StockNews.com raised shares of AGCO from a "sell" rating to a "hold" rating in a report on Tuesday, April 22nd. Baird R W cut shares of AGCO from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 3rd. Finally, JPMorgan Chase & Co. boosted their price objective on AGCO from $102.00 to $111.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $101.80.

AGCO Stock Up 0.1 %

AGCO stock traded up $0.05 during trading hours on Wednesday, hitting $94.40. The company's stock had a trading volume of 921,728 shares, compared to its average volume of 892,055. The company has a market capitalization of $7.04 billion, a PE ratio of -16.59, a price-to-earnings-growth ratio of 1.80 and a beta of 1.20. The stock has a 50 day moving average price of $89.45 and a two-hundred day moving average price of $94.72. 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 12 month low of $73.79 and a 12 month high of $119.71.

AGCO (NYSE:AGCO - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The industrial products company reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates 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 negative net margin of 3.64% and a positive return on equity of 13.40%. AGCO's revenue for the quarter was down 30.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.32 earnings per share. On average, equities research analysts expect that AGCO Co. will post 4.2 earnings per share for the current year.

AGCO Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend is Thursday, May 15th. AGCO's payout ratio is -14.87%.

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.