Universal Beteiligungs und Servicegesellschaft mbH Makes New Investment in AGCO Co. (NYSE:AGCO)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in AGCO Co. (NYSE:AGCO - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 97,197 shares of the industrial products company's stock, valued at approximately $9,086,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.13% of AGCO at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Price T Rowe Associates Inc. MD increased its stake in shares of AGCO by 128.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,504,328 shares of the industrial products company's stock worth $608,026,000 after purchasing an additional 3,654,350 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in AGCO by 9.5% during 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 purchasing an additional 258,054 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in AGCO by 534.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,901,790 shares of the industrial products company's stock worth $271,259,000 after buying an additional 2,444,615 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised 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 buying an additional 39,966 shares during the period. Finally, Invesco Ltd. lifted its position in shares of AGCO by 68.7% during the 4th quarter. Invesco Ltd. now owns 2,360,301 shares of the industrial products company's stock valued at $220,641,000 after buying an additional 961,081 shares in the last quarter. Hedge funds and other institutional investors own 78.80% of the company's stock.

AGCO Price Performance

Shares of NYSE:AGCO traded up $0.19 during mid-day trading on Wednesday, reaching $99.73. The stock had a trading volume of 274,023 shares, compared to its average volume of 890,843. The business's 50 day moving average price is $92.12 and its 200 day moving average price is $95.53. AGCO Co. has a 1 year low of $73.79 and a 1 year high of $108.76. The company has a market cap of $7.44 billion, a P/E ratio of -17.53, a price-to-earnings-growth ratio of 1.80 and a beta of 1.20. 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 released its quarterly earnings data on Thursday, May 1st. The industrial products company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.03 by $0.38. The business 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%. AGCO's quarterly revenue was down 30.0% compared to the same quarter last year. During the same quarter last year, the business earned $2.32 earnings per share. Research analysts expect that AGCO Co. will post 4.2 EPS for the current fiscal year.

AGCO Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have weighed in on AGCO. UBS Group set a $106.00 price target on shares of AGCO in a report on Tuesday, April 22nd. Citigroup restated a "neutral" rating and set a $110.00 target price on shares of AGCO in a research note on Friday, May 30th. The Goldman Sachs Group increased their price target on AGCO from $91.00 to $107.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 27th. Baird R W cut AGCO from a "strong-buy" rating to a "hold" rating in a report on Monday, March 3rd. Finally, Truist Financial dropped their price objective on AGCO from $125.00 to $105.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $104.10.

Insiders Place Their Bets

In other AGCO news, SVP Kelvin Eugene Bennett sold 250 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $106.18, for a total value of $26,545.00. Following the sale, the senior vice president now owns 17,380 shares in the company, valued at $1,845,408.40. This trade represents a 1.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 16.60% of the stock is owned by insiders.

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.