CANADA LIFE ASSURANCE Co Acquires 141,713 Shares of AGCO Co. (NYSE:AGCO)

CANADA LIFE ASSURANCE Co increased its stake in AGCO Co. (NYSE:AGCO - Free Report) by 265.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 195,101 shares of the industrial products company's stock after purchasing an additional 141,713 shares during the period. CANADA LIFE ASSURANCE Co owned approximately 0.26% of AGCO worth $18,221,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in AGCO. Allworth Financial LP lifted its stake in AGCO by 333.3% in the 4th quarter. Allworth Financial LP now owns 286 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 220 shares during the last quarter. UMB Bank n.a. boosted its holdings in AGCO by 84.2% in the 4th quarter. UMB Bank n.a. now owns 337 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 154 shares during the period. Cullen Frost Bankers Inc. bought a new position in AGCO during the 4th quarter worth $33,000. Jones Financial Companies Lllp raised its stake in AGCO by 112.3% in the fourth quarter. Jones Financial Companies Lllp now owns 501 shares of the industrial products company's stock valued at $47,000 after purchasing an additional 265 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of AGCO during the 3rd quarter worth approximately $52,000. 78.80% of the stock is owned by institutional investors.

AGCO Stock Down 2.3 %

AGCO stock traded down $1.99 during mid-day trading on Friday, hitting $83.75. The company had a trading volume of 976,758 shares, compared to its average volume of 895,029. AGCO Co. has a 12 month low of $73.79 and a 12 month high of $119.88. The stock's 50 day moving average price is $90.62 and its two-hundred day moving average price is $95.18. The company has a market capitalization of $6.25 billion, a PE ratio of -14.72, a price-to-earnings-growth ratio of 1.80 and a beta of 1.16. 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 (NYSE:AGCO - Get Free Report) last announced its earnings results on Thursday, February 6th. The industrial products company reported $1.97 earnings per share for the quarter, missing analysts' consensus estimates of $2.01 by ($0.04). AGCO had a negative net margin of 3.64% and a positive return on equity of 13.40%. As a group, sell-side analysts anticipate that AGCO Co. will post 4.2 earnings per share for the current fiscal year.

AGCO Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Thursday, May 15th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Thursday, May 15th. AGCO's payout ratio is currently -20.39%.

Analysts Set New Price Targets

A number of analysts have weighed in on AGCO shares. Oppenheimer decreased their target price on shares of AGCO from $109.00 to $106.00 and set an "outperform" rating on the stock in a research note on Tuesday. UBS Group set a $106.00 price target on shares of AGCO in a research note on Tuesday. Morgan Stanley cut AGCO from an "equal weight" rating to an "underweight" rating and cut their target price for the stock from $94.00 to $75.00 in a report on Wednesday, April 16th. Citigroup upgraded AGCO from a "neutral" rating to a "buy" rating and cut their price target for the company from $98.00 to $90.00 in a research note on Tuesday, April 8th. Finally, Robert W. Baird downgraded shares of AGCO from an "outperform" rating to a "neutral" rating and lowered their target price for the company from $116.00 to $100.00 in a report 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus 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.