Quantinno Capital Management LP Raises Stake in AGCO Co. (NYSE:AGCO)

Quantinno Capital Management LP raised its position in AGCO Co. (NYSE:AGCO - Free Report) by 42.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,681 shares of the industrial products company's stock after acquiring an additional 9,993 shares during the quarter. Quantinno Capital Management LP's holdings in AGCO were worth $3,149,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in AGCO. Barclays PLC lifted its stake in AGCO by 386.8% in the third quarter. Barclays PLC now owns 249,209 shares of the industrial products company's stock worth $24,389,000 after acquiring an additional 198,014 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in AGCO by 96.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 24,473 shares of the industrial products company's stock worth $2,288,000 after acquiring an additional 12,031 shares during the last quarter. Gateway Investment Advisers LLC purchased a new position in AGCO in the fourth quarter worth approximately $311,000. UMB Bank n.a. lifted its stake in AGCO by 84.2% in the fourth quarter. UMB Bank n.a. now owns 337 shares of the industrial products company's stock worth $32,000 after acquiring an additional 154 shares during the last quarter. Finally, Ballentine Partners LLC purchased a new position in AGCO in the fourth quarter worth approximately $245,000. Hedge funds and other institutional investors own 78.80% of the company's stock.

AGCO Stock Down 1.2%

AGCO stock opened at $107.16 on Tuesday. The company has a fifty day moving average price of $90.79 and a 200 day moving average price of $94.90. AGCO Co. has a 12 month low of $73.79 and a 12 month high of $110.49. The company has a market cap of $7.99 billion, a price-to-earnings ratio of -18.83, a price-to-earnings-growth ratio of 1.80 and a beta of 1.20. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.34 and a quick ratio of 0.63.

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. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.06 billion. AGCO had a negative net margin of 3.64% and a positive return on equity of 13.40%. AGCO's revenue for the quarter was down 30.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.32 EPS. Sell-side analysts expect that AGCO Co. will post 4.2 earnings per share for the current year.

AGCO Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Thursday, May 15th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.16 annualized dividend and a yield of 1.08%. AGCO's dividend payout ratio is currently -14.87%.

Analyst Ratings Changes

AGCO has been the subject of several recent analyst reports. Baird R W downgraded shares of AGCO from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 3rd. Citigroup boosted their price objective on shares of AGCO from $90.00 to $110.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Oppenheimer reduced their price objective on shares of AGCO from $109.00 to $106.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. UBS Group set a $106.00 price objective on shares of AGCO in a research report on Tuesday, April 22nd. Finally, Morgan Stanley boosted their price objective on shares of AGCO from $75.00 to $84.00 and gave the stock an "underweight" rating in a research report on Monday, May 12th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, AGCO presently has a consensus rating of "Hold" and a consensus price target of $103.30.

Insider Buying and Selling at AGCO

In other AGCO news, SVP Kelvin Eugene Bennett sold 250 shares of the business'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 transaction, the senior vice president now directly owns 17,380 shares of the company's stock, valued at approximately $1,845,408.40. The trade was a 1.42% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 16.60% of the stock is currently owned by corporate 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.

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