Axa S.A. Boosts Stake in AGCO Co. (NYSE:AGCO)

Axa S.A. boosted its stake in shares of AGCO Co. (NYSE:AGCO - Free Report) by 8.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 47,694 shares of the industrial products company's stock after purchasing an additional 3,876 shares during the period. Axa S.A. owned about 0.06% of AGCO worth $4,458,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Price T Rowe Associates Inc. MD lifted its stake 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 valued at $608,026,000 after buying an additional 3,654,350 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of AGCO by 9.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,984,081 shares of the industrial products company's stock valued at $278,951,000 after acquiring an additional 258,054 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in shares of AGCO by 1.5% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,744,133 shares of the industrial products company's stock worth $256,522,000 after acquiring an additional 39,966 shares during the period. Invesco Ltd. grew 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 raised its stake in AGCO by 2.4% during 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 purchasing an additional 29,099 shares during the period. Institutional investors own 78.80% of the company's stock.

AGCO Stock Performance

AGCO stock opened at $94.40 on Thursday. The firm has a market cap of $7.04 billion, a price-to-earnings ratio of -16.59, a PEG ratio of 1.80 and a beta of 1.20. AGCO Co. has a twelve month low of $73.79 and a twelve month high of $119.71. 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 business's fifty day simple moving average is $89.45 and its two-hundred day simple moving average is $94.72.

AGCO (NYSE:AGCO - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The industrial products company reported $0.41 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.38. The company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.06 billion. AGCO had a negative net margin of 3.64% and a positive return on equity of 13.40%. The firm's revenue for the quarter was down 30.0% on a year-over-year basis. During the same quarter last year, the business posted $2.32 EPS. Analysts predict that AGCO Co. will post 4.2 earnings per share for the current year.

AGCO Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Thursday, May 15th will be given 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 is Thursday, May 15th. AGCO's dividend payout ratio (DPR) is presently -14.87%.

Wall Street Analyst Weigh In

AGCO has been the subject of a number of research analyst reports. Morgan Stanley lowered shares of AGCO from an "equal weight" rating to an "underweight" rating and cut their price objective for the company from $94.00 to $75.00 in a report on Wednesday, April 16th. Citigroup lifted their price target on shares of AGCO from $90.00 to $110.00 and gave the company a "buy" rating in a report on Monday. Truist Financial dropped their price objective on shares of AGCO from $125.00 to $105.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Oppenheimer reduced their target price on AGCO from $109.00 to $106.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Finally, Baird R W cut shares of AGCO from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 3rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, AGCO has a consensus rating of "Hold" and an average price target of $101.80.

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.

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