AGCO Co. (NYSE:AGCO) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its stake in AGCO Co. (NYSE:AGCO - Free Report) by 9.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,984,081 shares of the industrial products company's stock after acquiring an additional 258,054 shares during the quarter. Dimensional Fund Advisors LP owned about 4.00% of AGCO worth $278,951,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in AGCO. Barclays PLC lifted its position in shares of AGCO by 386.8% in the third quarter. Barclays PLC now owns 249,209 shares of the industrial products company's stock valued at $24,389,000 after acquiring an additional 198,014 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of AGCO in the third quarter valued at $52,000. Principal Financial Group Inc. lifted its position in shares of AGCO by 28.2% in the third quarter. Principal Financial Group Inc. now owns 684,249 shares of the industrial products company's stock valued at $66,959,000 after acquiring an additional 150,656 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of AGCO by 174.7% in the fourth quarter. GAMMA Investing LLC now owns 544 shares of the industrial products company's stock valued at $51,000 after acquiring an additional 346 shares in the last quarter. Finally, Everence Capital Management Inc. purchased a new stake in shares of AGCO in the fourth quarter valued at $236,000. 78.80% of the stock is currently owned by hedge funds and other institutional investors.

AGCO Trading Down 2.3 %

NYSE:AGCO traded down $1.99 on Friday, hitting $83.75. 976,758 shares of the stock were exchanged, compared to its average volume of 895,957. AGCO Co. has a fifty-two week low of $73.79 and a fifty-two week high of $119.88. The stock has a fifty day moving average of $90.62 and a 200-day moving average of $95.15. The company has a current ratio of 1.34, a quick ratio of 0.63 and a debt-to-equity ratio of 0.60. The stock has a market cap of $6.25 billion, a PE ratio of -14.72, a PEG ratio of 1.80 and a beta of 1.16.

AGCO (NYSE:AGCO - Get Free Report) last issued its earnings results on Thursday, February 6th. The industrial products company reported $1.97 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.04). AGCO had a positive return on equity of 13.40% and a negative net margin of 3.64%. As a group, equities analysts expect that AGCO Co. will post 4.2 earnings per share for the current fiscal year.

AGCO Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on AGCO. JPMorgan Chase & Co. upped their target price on AGCO from $102.00 to $111.00 and gave the company an "overweight" rating in a research note on Wednesday, January 15th. Truist Financial dropped their target price on AGCO from $125.00 to $105.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Baird R W lowered AGCO from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 3rd. Oppenheimer dropped their target price on AGCO from $109.00 to $106.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. Finally, Robert W. Baird lowered AGCO from an "outperform" rating to a "neutral" rating and dropped their target price for the company from $116.00 to $100.00 in a research note on Monday, March 3rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, AGCO has an average rating of "Hold" and an average target price 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.