Dean Capital Management Acquires New Shares in AGCO Co. (NYSE:AGCO)

Dean Capital Management acquired a new position in shares of AGCO Co. (NYSE:AGCO - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 15,945 shares of the industrial products company's stock, valued at approximately $1,491,000.

Other institutional investors have also recently bought and sold shares of the company. Cetera Investment Advisers boosted its position in AGCO by 13.5% during the fourth quarter. Cetera Investment Advisers now owns 14,511 shares of the industrial products company's stock worth $1,357,000 after purchasing an additional 1,721 shares during the period. Centiva Capital LP bought a new position in shares of AGCO during the 4th quarter worth about $260,000. Balyasny Asset Management L.P. raised its position in shares of AGCO by 7.7% during the fourth quarter. Balyasny Asset Management L.P. now owns 571,133 shares of the industrial products company's stock valued at $53,390,000 after buying an additional 40,661 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of AGCO by 257.7% in the fourth quarter. Bank of America Corp DE now owns 376,647 shares of the industrial products company's stock valued at $35,209,000 after buying an additional 271,356 shares during the period. Finally, BNP Paribas Financial Markets grew its position in AGCO by 48.0% during the fourth quarter. BNP Paribas Financial Markets now owns 46,933 shares of the industrial products company's stock worth $4,387,000 after buying an additional 15,220 shares in the last quarter. Hedge funds and other institutional investors own 78.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Robert W. Baird lowered AGCO from an "outperform" rating to a "neutral" rating and decreased their price objective for the stock from $116.00 to $100.00 in a report on Monday, March 3rd. Oppenheimer lowered their price target on shares of AGCO from $109.00 to $106.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Citigroup raised their price objective on shares of AGCO from $90.00 to $110.00 and gave the stock a "buy" rating in a report on Monday, May 5th. JPMorgan Chase & Co. upped their target price 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, StockNews.com upgraded shares of AGCO from a "sell" rating to a "hold" rating in a research note on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $101.80.

AGCO Price Performance

Shares of NYSE:AGCO traded up $1.32 during midday trading on Friday, reaching $99.41. The company's stock had a trading volume of 745,206 shares, compared to its average volume of 892,718. The business's fifty day simple moving average is $89.55 and its 200-day simple moving average is $94.72. The company has a market capitalization of $7.41 billion, a P/E ratio of -17.47, a P/E/G ratio of 1.80 and a beta of 1.20. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.34 and a quick ratio of 0.63. AGCO Co. has a fifty-two week low of $73.79 and a fifty-two week high of $119.71.

AGCO (NYSE:AGCO - Get Free Report) last announced its earnings results 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. AGCO had a negative net margin of 3.64% and a positive return on equity of 13.40%. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same period in the previous year, the firm posted $2.32 earnings per share. The company's revenue was down 30.0% on a year-over-year basis. As a group, equities research analysts expect that AGCO Co. will post 4.2 EPS for the current fiscal year.

AGCO Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Thursday, May 15th will be paid a $0.29 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.16 annualized dividend and a dividend yield of 1.17%. AGCO's dividend payout ratio (DPR) is currently -14.87%.

AGCO Company 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.