Baker Ellis Asset Management LLC Grows Stock Holdings in AGCO Co. (NYSE:AGCO)

Baker Ellis Asset Management LLC lifted its stake in AGCO Co. (NYSE:AGCO - Free Report) by 9.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,934 shares of the industrial products company's stock after buying an additional 2,480 shares during the period. Baker Ellis Asset Management LLC's holdings in AGCO were worth $2,771,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Price T Rowe Associates Inc. MD increased its holdings in shares of AGCO by 128.2% during the fourth 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 buying an additional 3,654,350 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of 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 worth $278,951,000 after acquiring an additional 258,054 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in AGCO by 534.7% in the 4th 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 valued at $271,259,000 after buying an additional 2,444,615 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its position in shares of AGCO by 1.5% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,744,133 shares of the industrial products company's stock valued at $256,522,000 after acquiring an additional 39,966 shares during the last quarter. Finally, Invesco Ltd. raised its position in AGCO by 68.7% in the fourth quarter. Invesco Ltd. now owns 2,360,301 shares of the industrial products company's stock worth $220,641,000 after acquiring an additional 961,081 shares during the period. 78.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Oppenheimer dropped their target price on AGCO from $109.00 to $106.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. The Goldman Sachs Group boosted their price objective on AGCO from $91.00 to $107.00 and gave the company a "neutral" rating in a research report on Tuesday, May 27th. JPMorgan Chase & Co. lifted their price objective on AGCO from $110.00 to $117.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. UBS Group set a $106.00 target price on shares of AGCO in a research report on Tuesday, April 22nd. Finally, Citigroup restated a "neutral" rating and issued a $110.00 price objective on shares of AGCO in a report on Friday, May 30th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $104.10.

AGCO Price Performance

Shares of NYSE AGCO traded down $1.44 during midday trading on Thursday, reaching $100.95. The stock had a trading volume of 493,834 shares, compared to its average volume of 891,182. The company has a market capitalization of $7.53 billion, a price-to-earnings ratio of -17.74, a price-to-earnings-growth ratio of 1.80 and a beta of 1.24. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.63 and a current ratio of 1.34. The stock has a 50-day moving average of $94.12 and a 200-day moving average of $95.80. AGCO Co. has a 12-month low of $73.79 and a 12-month high of $108.76.

AGCO (NYSE:AGCO - Get Free Report) last posted its earnings results on Thursday, May 1st. The industrial products company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.03 by $0.38. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.06 billion. AGCO had a positive return on equity of 13.40% and a negative net margin of 3.64%. The company's quarterly revenue was down 30.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.32 EPS. As a group, research analysts anticipate 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. Stockholders of record on Thursday, May 15th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Thursday, May 15th. AGCO's payout ratio is presently -14.87%.

Insiders Place Their Bets

In other AGCO news, SVP Kelvin Eugene Bennett sold 250 shares of the stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $106.18, for a total value of $26,545.00. Following the completion of the sale, the senior vice president now directly owns 17,380 shares in the company, 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 filing with the SEC, which can be accessed through the SEC website. Company insiders own 16.60% of the company's stock.

About AGCO

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.