Vise Technologies Inc. Makes New Investment in AGCO Co. (NYSE:AGCO)

Vise Technologies Inc. purchased a new stake in AGCO Co. (NYSE:AGCO - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,141 shares of the industrial products company's stock, valued at approximately $294,000.

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

Analysts Set New Price Targets

AGCO has been the subject of several recent research reports. The Goldman Sachs Group boosted their price target on AGCO from $91.00 to $107.00 and gave the company a "neutral" rating in a research note on Tuesday, May 27th. Morgan Stanley increased 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. UBS Group set a $106.00 price objective on shares of AGCO in a research report on Tuesday, April 22nd. Citigroup reaffirmed a "neutral" rating and issued a $110.00 price target on shares of AGCO in a research report on Friday. Finally, JPMorgan Chase & Co. increased their price objective on shares of AGCO from $110.00 to $117.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. 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. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $104.10.

AGCO Trading Down 3.7%

Shares of NYSE:AGCO traded down $3.77 during midday trading on Friday, hitting $97.75. 1,047,066 shares of the stock traded hands, compared to its average volume of 894,156. The stock has a market capitalization of $7.29 billion, a PE ratio of -17.18, a P/E/G ratio of 1.80 and a beta of 1.20. The business's 50 day moving average is $92.09 and its two-hundred day moving average is $95.47. 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 one year low of $73.79 and a one year high of $108.76.

AGCO (NYSE:AGCO - Get Free Report) last issued its quarterly earnings data 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%. 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 firm posted $2.32 earnings per share. As a group, research analysts forecast that AGCO Co. will post 4.2 earnings per share for the current year.

AGCO Dividend Announcement

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

Insider Activity

In related news, SVP Kelvin Eugene Bennett sold 250 shares of the stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $106.18, for a total value of $26,545.00. Following the completion of the transaction, the senior vice president now directly owns 17,380 shares of the company's stock, valued at $1,845,408.40. This represents 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 link. Insiders own 16.60% of the company's stock.

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.