Fuller & Thaler Asset Management Inc. Acquires 39,966 Shares of AGCO Co. (NYSE:AGCO)

Fuller & Thaler Asset Management Inc. raised its holdings in shares of AGCO Co. (NYSE:AGCO - Free Report) by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,744,133 shares of the industrial products company's stock after acquiring an additional 39,966 shares during the quarter. AGCO makes up 1.0% of Fuller & Thaler Asset Management Inc.'s portfolio, making the stock its 14th largest holding. Fuller & Thaler Asset Management Inc. owned 3.68% of AGCO worth $256,522,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. GeoWealth Management LLC purchased a new stake in AGCO in the fourth quarter worth about $27,000. Allworth Financial LP increased its holdings in AGCO by 333.3% in the 4th quarter. Allworth Financial LP now owns 286 shares of the industrial products company's stock worth $30,000 after acquiring an additional 220 shares in the last quarter. UMB Bank n.a. raised its stake in AGCO by 84.2% during the 4th 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 period. Cullen Frost Bankers Inc. purchased a new position in AGCO during the fourth quarter valued at approximately $33,000. Finally, Jones Financial Companies Lllp boosted its position in shares of AGCO by 112.3% in the fourth 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. Institutional investors own 78.80% of the company's stock.

Analysts Set New Price Targets

AGCO has been the topic of a number of analyst reports. Truist Financial lowered their target price on shares of AGCO from $125.00 to $105.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Citigroup raised AGCO from a "neutral" rating to a "buy" rating and dropped their price objective for the stock from $98.00 to $90.00 in a research note on Tuesday, April 8th. Baird R W downgraded AGCO from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 3rd. Oppenheimer dropped their price target on AGCO from $109.00 to $106.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of AGCO from $102.00 to $111.00 and gave the company an "overweight" rating in a research report on Wednesday, January 15th. 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 stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $99.80.

AGCO Trading Up 1.1 %

NYSE AGCO traded up $0.90 during trading hours on Monday, hitting $84.70. 220,624 shares of the company were exchanged, compared to its average volume of 893,311. AGCO Co. has a 52 week low of $73.79 and a 52 week high of $119.88. The company has a quick ratio of 0.63, a current ratio of 1.34 and a debt-to-equity ratio of 0.60. The stock has a 50-day moving average price of $90.62 and a 200 day moving average price of $95.15. The stock has a market cap of $6.32 billion, a PE ratio of -14.84, a price-to-earnings-growth ratio of 1.80 and a beta of 1.16.

AGCO (NYSE:AGCO - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.97 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.04). AGCO had a negative net margin of 3.64% and a positive return on equity of 13.40%. Analysts forecast that AGCO Co. will post 4.2 earnings per share for the current fiscal year.

AGCO Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Thursday, May 15th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Thursday, May 15th. AGCO's dividend payout ratio (DPR) is currently -20.39%.

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.