UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Holdings in AGCO Co. (NYSE:AGCO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in AGCO Co. (NYSE:AGCO - Free Report) by 534.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,901,790 shares of the industrial products company's stock after buying an additional 2,444,615 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 3.89% of AGCO worth $271,259,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CIBC Asset Management Inc lifted its stake in AGCO by 5.1% in the fourth quarter. CIBC Asset Management Inc now owns 2,265 shares of the industrial products company's stock valued at $212,000 after buying an additional 110 shares during the last quarter. Inspire Investing LLC increased its holdings in shares of AGCO by 2.8% in the 4th quarter. Inspire Investing LLC now owns 4,299 shares of the industrial products company's stock valued at $402,000 after acquiring an additional 118 shares during the period. O Shaughnessy Asset Management LLC raised its position in AGCO by 2.4% in 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 purchasing an additional 144 shares during the last quarter. Neuberger Berman Group LLC boosted its stake in AGCO by 2.3% during the 4th quarter. Neuberger Berman Group LLC now owns 6,552 shares of the industrial products company's stock worth $612,000 after purchasing an additional 145 shares during the period. Finally, Arizona State Retirement System grew its position in AGCO by 0.8% during the 4th quarter. Arizona State Retirement System now owns 18,414 shares of the industrial products company's stock worth $1,721,000 after purchasing an additional 150 shares during the last quarter. 78.80% of the stock is currently owned by institutional investors and hedge funds.

AGCO Price Performance

AGCO stock traded up $1.07 on Tuesday, reaching $101.55. 177,456 shares of the company's stock were exchanged, compared to its average volume of 893,847. The stock has a fifty day moving average of $91.60 and a 200-day moving average of $95.20. The firm has a market cap of $7.57 billion, a PE ratio of -17.86, a P/E/G ratio of 1.80 and a beta of 1.20. 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 twelve month low of $73.79 and a twelve month high of $108.76.

AGCO (NYSE:AGCO - Get Free Report) last issued its earnings results on Thursday, May 1st. The industrial products company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.03 by $0.38. The company had revenue of $2.05 billion for 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 period in the previous year, the firm earned $2.32 EPS. As a group, equities analysts predict that AGCO Co. will post 4.2 EPS for the current fiscal year.

AGCO Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Thursday, May 15th will be issued 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 yield of 1.14%. AGCO's dividend payout ratio (DPR) is presently -14.87%.

Insider Activity

In other news, SVP Kelvin Eugene Bennett sold 250 shares of AGCO stock in a transaction 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. The trade was a 1.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 16.60% of the company's stock.

Wall Street Analyst Weigh In

AGCO has been the subject of a number of research reports. Truist Financial reduced their target price on shares of AGCO from $125.00 to $105.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Robert W. Baird downgraded AGCO from an "outperform" rating to a "neutral" rating and reduced their price objective for the company from $116.00 to $100.00 in a research note on Monday, March 3rd. Baird R W downgraded AGCO from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 3rd. JPMorgan Chase & Co. boosted their target price on AGCO from $110.00 to $117.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Finally, Citigroup increased their price target on AGCO from $90.00 to $110.00 and gave the stock a "buy" rating in a report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, AGCO has a consensus rating of "Hold" and an average target price of $103.30.

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.