Two Sigma Advisers LP Invests $3.70 Million in AGCO Co. (NYSE:AGCO)

Two Sigma Advisers LP acquired a new position in shares of AGCO Co. (NYSE:AGCO - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 39,600 shares of the industrial products company's stock, valued at approximately $3,702,000. Two Sigma Advisers LP owned 0.05% of AGCO at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of AGCO. GeoWealth Management LLC bought a new stake in AGCO during the fourth quarter worth $27,000. Allworth Financial LP increased its position in shares of AGCO by 333.3% in the fourth quarter. Allworth Financial LP now owns 286 shares of the industrial products company's stock worth $30,000 after purchasing an additional 220 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new position in shares of AGCO in the 4th quarter worth about $33,000. Jones Financial Companies Lllp raised its position in AGCO by 112.3% in the 4th quarter. Jones Financial Companies Lllp now owns 501 shares of the industrial products company's stock worth $47,000 after purchasing an additional 265 shares during the period. Finally, First Horizon Advisors Inc. boosted its stake in shares of AGCO by 30.8% during the fourth quarter. First Horizon Advisors Inc. now owns 688 shares of the industrial products company's stock valued at $64,000 after purchasing an additional 162 shares during the period. Institutional investors own 78.80% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on AGCO. Robert W. Baird downgraded AGCO from an "outperform" rating to a "neutral" rating and dropped their target price for the stock from $116.00 to $100.00 in a report on Monday, March 3rd. JPMorgan Chase & Co. lifted their target price on AGCO from $110.00 to $117.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. The Goldman Sachs Group boosted their price target on shares of AGCO from $91.00 to $107.00 and gave the stock a "neutral" rating in a research report on Tuesday. Oppenheimer dropped their price target on shares of AGCO from $109.00 to $106.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. Finally, Baird R W lowered shares of AGCO from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 3rd. One equities research 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 MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $104.10.

AGCO Price Performance

Shares of NYSE AGCO traded down $3.77 during mid-day trading on Friday, reaching $97.75. 1,047,066 shares of the company traded hands, compared to its average volume of 894,156. The firm has a market cap of $7.29 billion, a PE ratio of -17.18, a price-to-earnings-growth ratio of 1.80 and a beta of 1.20. AGCO Co. has a fifty-two week low of $73.79 and a fifty-two week high of $108.76. The stock has a fifty day simple moving average of $92.09 and a 200-day simple moving average of $95.45. 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 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. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.06 billion. AGCO had a negative net margin of 3.64% and a positive return on equity of 13.40%. The business's revenue was down 30.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.32 EPS. Equities research analysts anticipate that AGCO Co. will post 4.2 EPS for the current fiscal year.

AGCO Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Thursday, May 15th will be paid a $0.29 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.16 annualized dividend and a dividend yield of 1.19%. AGCO's dividend payout ratio is presently -14.87%.

Insider Buying and Selling at AGCO

In related 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 owns 17,380 shares in the company, valued at $1,845,408.40. The trade was a 1.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 16.60% of the company's stock.

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.