Vontobel Holding Ltd. Raises Holdings in AGCO Corporation (NYSE:AGCO)

Vontobel Holding Ltd. grew its position in AGCO Corporation (NYSE:AGCO - Free Report) by 4.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 68,601 shares of the industrial products company's stock after buying an additional 2,705 shares during the period. Vontobel Holding Ltd. owned approximately 0.09% of AGCO worth $6,350,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. US Bancorp DE boosted its holdings in shares of AGCO by 14.5% during the 4th quarter. US Bancorp DE now owns 1,858 shares of the industrial products company's stock worth $174,000 after buying an additional 235 shares during the period. SRS Capital Advisors Inc. grew its holdings in AGCO by 7,015.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,352 shares of the industrial products company's stock worth $126,000 after acquiring an additional 1,333 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of AGCO by 112.3% in the 4th 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 during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of AGCO by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 469,669 shares of the industrial products company's stock valued at $43,905,000 after purchasing an additional 15,531 shares during the last quarter. Finally, Arizona State Retirement System boosted its stake in AGCO by 0.8% during the fourth quarter. Arizona State Retirement System now owns 18,414 shares of the industrial products company's stock worth $1,721,000 after acquiring an additional 150 shares in the last quarter. 78.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Morgan Stanley upped their price objective on shares of AGCO from $75.00 to $84.00 and gave the stock an "underweight" rating in a report on Monday, May 12th. Wall Street Zen upgraded shares of AGCO from a "sell" rating to a "hold" rating in a research report on Tuesday, April 22nd. The Goldman Sachs Group raised their target price on shares of AGCO from $91.00 to $107.00 and gave the company a "neutral" rating in a research note on Tuesday, May 27th. 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, April 22nd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of AGCO from $110.00 to $117.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, AGCO has an average rating of "Hold" and a consensus price target of $104.10.

Insiders Place Their Bets

In related news, SVP Kelvin Eugene Bennett sold 250 shares of the firm's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $106.18, for a total value of $26,545.00. Following the completion of the transaction, the senior vice president directly owned 17,380 shares of the company's stock, valued at approximately $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 can be accessed through this hyperlink. 16.90% of the stock is owned by insiders.

AGCO Stock Down 0.8%

AGCO stock traded down $0.85 during mid-day trading on Friday, reaching $109.70. The stock had a trading volume of 461,160 shares, compared to its average volume of 886,774. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.53 and a quick ratio of 0.67. The company has a market capitalization of $8.18 billion, a price-to-earnings ratio of 19.62, a PEG ratio of 1.98 and a beta of 1.24. The company has a 50-day moving average price of $100.97 and a two-hundred day moving average price of $96.41. AGCO Corporation has a one year low of $73.79 and a one year high of $111.69.

AGCO (NYSE:AGCO - Get Free Report) last released its quarterly earnings results 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. AGCO had a negative net margin of 5.40% and a positive return on equity of 10.60%. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same quarter in the prior year, the firm earned $2.32 EPS. The business's revenue for the quarter was down 30.0% compared to the same quarter last year. On average, analysts expect that AGCO Corporation will post 4.2 EPS for the current fiscal year.

AGCO Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Thursday, May 15th were paid a $0.29 dividend. The ex-dividend date was Thursday, May 15th. This represents a $1.16 annualized dividend and a yield of 1.06%. 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.