GAMMA Investing LLC Acquires 83,510 Shares of AGCO Co. (NYSE:AGCO)

GAMMA Investing LLC boosted its position in shares of AGCO Co. (NYSE:AGCO - Free Report) by 15,351.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,054 shares of the industrial products company's stock after acquiring an additional 83,510 shares during the quarter. GAMMA Investing LLC owned 0.11% of AGCO worth $7,781,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Alberta Investment Management Corp increased its holdings in shares of AGCO by 98.5% during the fourth quarter. Alberta Investment Management Corp now owns 49,020 shares of the industrial products company's stock worth $4,582,000 after buying an additional 24,320 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of AGCO by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 469,669 shares of the industrial products company's stock worth $43,905,000 after buying an additional 15,531 shares during the period. LPL Financial LLC raised its position in shares of AGCO by 4.9% in the 4th quarter. LPL Financial LLC now owns 21,812 shares of the industrial products company's stock worth $2,135,000 after acquiring an additional 1,016 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in AGCO by 12.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,692 shares of the industrial products company's stock worth $1,467,000 after purchasing an additional 1,788 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its position in shares of AGCO by 2.4% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 6,207 shares of the industrial products company's stock valued at $580,000 after acquiring an additional 144 shares during the period. Institutional investors own 78.80% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on AGCO shares. The Goldman Sachs Group increased their target price on shares of AGCO from $91.00 to $107.00 and gave the company a "neutral" rating in a report on Tuesday, May 27th. UBS Group set a $106.00 price target on shares of AGCO in a report on Tuesday, April 22nd. Morgan Stanley boosted their price objective on AGCO from $75.00 to $84.00 and gave the stock an "underweight" rating in a report on Monday, May 12th. Baird R W lowered AGCO from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 3rd. Finally, JPMorgan Chase & Co. increased their target price on shares of AGCO from $110.00 to $117.00 and gave the company an "overweight" rating in a report on Friday, May 16th. 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's stock. According to data from MarketBeat.com, AGCO has an average rating of "Hold" and a consensus price target of $104.10.

Insider Activity

In other AGCO 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 in the company, 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 SEC, which is available through this link. Company insiders own 16.60% of the company's stock.

AGCO Stock Down 1.4%

Shares of NYSE:AGCO traded down $1.44 during trading on Thursday, reaching $100.95. 493,834 shares of the stock traded hands, compared to its average volume of 890,973. The stock has a 50-day moving average of $93.66 and a two-hundred day moving average of $95.81. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.63 and a current ratio of 1.34. AGCO Co. has a 52-week low of $73.79 and a 52-week high of $108.76. The stock has a market cap of $7.53 billion, a P/E ratio of -17.74, a price-to-earnings-growth ratio of 1.80 and a beta of 1.24.

AGCO (NYSE:AGCO - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The industrial products company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.38. The firm had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $2.06 billion. AGCO had a negative net margin of 3.64% and a positive return on equity of 13.40%. The firm's quarterly revenue was down 30.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.32 earnings per share. As a group, sell-side analysts expect that AGCO Co. will post 4.2 earnings per share for the current fiscal year.

AGCO Announces Dividend

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

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.