BNP Paribas Financial Markets Purchases 15,220 Shares of AGCO Co. (NYSE:AGCO)

BNP Paribas Financial Markets increased its position in shares of AGCO Co. (NYSE:AGCO - Free Report) by 48.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,933 shares of the industrial products company's stock after buying an additional 15,220 shares during the quarter. BNP Paribas Financial Markets owned 0.06% of AGCO worth $4,387,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. grew its position in AGCO by 41.2% during the fourth quarter. Ameriprise Financial Inc. now owns 681,849 shares of the industrial products company's stock worth $63,739,000 after buying an additional 199,038 shares in the last quarter. ArrowMark Colorado Holdings LLC acquired a new stake in AGCO during the fourth quarter worth about $626,000. AXA S.A. grew its position in AGCO by 8.8% during the fourth quarter. AXA S.A. now owns 47,694 shares of the industrial products company's stock worth $4,458,000 after buying an additional 3,876 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in AGCO during the fourth quarter worth about $257,000. Finally, Parvin Asset Management LLC acquired a new stake in AGCO during the fourth quarter worth about $244,000. 78.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on AGCO shares. JPMorgan Chase & Co. lifted their target price on AGCO from $110.00 to $117.00 and gave the stock an "overweight" rating in a research report on Friday. Baird R W downgraded AGCO from a "strong-buy" rating to a "hold" rating in a report on Monday, March 3rd. Morgan Stanley lifted their price objective on AGCO from $75.00 to $84.00 and gave the company an "underweight" rating in a report on Monday, May 12th. StockNews.com raised AGCO from a "sell" rating to a "hold" rating in a report on Tuesday, April 22nd. Finally, Citigroup lifted their price objective on AGCO from $90.00 to $110.00 and gave the company a "buy" rating in a report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $103.30.

Insider Buying and Selling at AGCO

In other AGCO news, SVP Kelvin Eugene Bennett sold 250 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $106.18, for a total transaction of $26,545.00. Following the completion of the sale, the senior vice president now owns 17,380 shares in the company, valued at approximately $1,845,408.40. The trade was a 1.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 16.90% of the company's stock.

AGCO Trading Up 2.7%

NYSE:AGCO traded up $2.83 during trading hours on Friday, hitting $108.54. 782,049 shares of the stock were exchanged, compared to its average volume of 895,650. The company's 50 day moving average is $90.54 and its two-hundred day moving average is $94.92. AGCO Co. has a twelve month low of $73.79 and a twelve month high of $111.53. 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 capitalization of $8.10 billion, a P/E ratio of -19.08, a price-to-earnings-growth ratio of 1.80 and a beta of 1.20.

AGCO (NYSE:AGCO - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.38. AGCO had a positive return on equity of 13.40% and a negative net margin of 3.64%. The firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter in the prior year, the business earned $2.32 EPS. The business's revenue for the quarter was down 30.0% compared to the same quarter last year. On average, sell-side analysts anticipate that AGCO Co. will post 4.2 earnings per share for the current fiscal year.

AGCO Dividend Announcement

The firm 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 annualized dividend and a dividend yield of 1.07%. The ex-dividend date 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.