Baker Ellis Asset Management LLC Purchases 2,480 Shares of AGCO Co. (NYSE:AGCO)

Baker Ellis Asset Management LLC raised its holdings in AGCO Co. (NYSE:AGCO - Free Report) by 9.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,934 shares of the industrial products company's stock after purchasing an additional 2,480 shares during the quarter. Baker Ellis Asset Management LLC's holdings in AGCO were worth $2,771,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of AGCO. CIBC Asset Management Inc lifted its holdings in AGCO by 5.1% during the fourth quarter. CIBC Asset Management Inc now owns 2,265 shares of the industrial products company's stock worth $212,000 after acquiring an additional 110 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its position in shares of AGCO by 2.4% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 6,207 shares of the industrial products company's stock worth $580,000 after buying an additional 144 shares during the period. Neuberger Berman Group LLC boosted its position in shares of AGCO by 2.3% during the fourth quarter. Neuberger Berman Group LLC now owns 6,552 shares of the industrial products company's stock worth $612,000 after buying an additional 145 shares during the period. Arizona State Retirement System boosted its position in shares of 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 buying an additional 150 shares during the period. Finally, ProShare Advisors LLC boosted its position in shares of AGCO by 4.4% during the fourth quarter. ProShare Advisors LLC now owns 3,635 shares of the industrial products company's stock worth $340,000 after buying an additional 154 shares during the period. Institutional investors own 78.80% of the company's stock.

AGCO Stock Down 0.4%

AGCO stock traded down $0.41 during mid-day trading on Friday, reaching $100.51. 606,225 shares of the company traded hands, compared to its average volume of 890,432. The stock has a market cap of $7.50 billion, a price-to-earnings ratio of -17.66, a P/E/G ratio of 1.80 and a beta of 1.24. The company has a quick ratio of 0.63, a current ratio of 1.34 and a debt-to-equity ratio of 0.60. AGCO Co. has a fifty-two week low of $73.79 and a fifty-two week high of $108.76. The firm's 50 day moving average price is $94.61 and its 200 day moving average price is $95.73.

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 positive return on equity of 13.40% and a negative net margin of 3.64%. The firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter in the previous year, the business earned $2.32 EPS. The company's revenue was down 30.0% compared to the same quarter last year. As a group, equities research analysts predict that AGCO Co. will post 4.2 EPS for the current fiscal year.

AGCO Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Thursday, May 15th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.16 annualized dividend and a yield of 1.15%. AGCO's payout ratio is -14.87%.

Insider Buying and Selling

In related news, SVP Kelvin Eugene Bennett sold 250 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $106.18, for a total transaction of $26,545.00. Following the completion of the transaction, the senior vice president now owns 17,380 shares of the company's stock, valued at $1,845,408.40. This trade represents a 1.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 16.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Wall Street Zen raised AGCO from a "sell" rating to a "hold" rating in a research report on Tuesday, April 22nd. Morgan Stanley upped their target price on AGCO from $75.00 to $84.00 and gave the stock an "underweight" rating in a report on Monday, May 12th. Citigroup reiterated a "neutral" rating and set a $110.00 target price on shares of AGCO in a report on Friday, May 30th. JPMorgan Chase & Co. upped their target price on AGCO from $110.00 to $117.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Finally, Oppenheimer dropped their target price on AGCO from $109.00 to $106.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, AGCO has an average rating of "Hold" and a consensus target price of $104.10.

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.