AGCO Co. (NYSE:AGCO) is Southernsun Asset Management LLC's 8th Largest Position

Southernsun Asset Management LLC grew its stake in AGCO Co. (NYSE:AGCO - Free Report) by 6.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 409,957 shares of the industrial products company's stock after buying an additional 23,513 shares during the quarter. AGCO makes up 4.8% of Southernsun Asset Management LLC's portfolio, making the stock its 8th biggest holding. Southernsun Asset Management LLC owned 0.55% of AGCO worth $38,323,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GeoWealth Management LLC purchased a new stake in AGCO in the fourth quarter worth about $27,000. Allworth Financial LP increased its position in 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 buying an additional 220 shares in the last quarter. UMB Bank n.a. increased its position 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 buying an additional 154 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new stake in AGCO in the fourth quarter worth about $33,000. Finally, Jones Financial Companies Lllp boosted its stake 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 acquiring an additional 265 shares during the period. Hedge funds and other institutional investors own 78.80% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on AGCO shares. 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. Morgan Stanley lowered AGCO from an "equal weight" rating to an "underweight" rating and dropped their price objective for the stock from $94.00 to $75.00 in a research note on Wednesday, April 16th. Truist Financial dropped their price objective on AGCO from $125.00 to $105.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Robert W. Baird lowered AGCO from an "outperform" rating to a "neutral" rating and dropped their price objective for the stock from $116.00 to $100.00 in a research note on Monday, March 3rd. Finally, Oppenheimer dropped their price objective on AGCO from $109.00 to $106.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, AGCO currently has an average rating of "Hold" and an average target price of $99.80.

AGCO Trading Down 2.3 %

Shares of NYSE AGCO traded down $1.99 during midday trading on Friday, hitting $83.75. The company's stock had a trading volume of 976,758 shares, compared to its average volume of 895,957. The company has a current ratio of 1.34, a quick ratio of 0.63 and a debt-to-equity ratio of 0.60. The business's 50 day moving average is $90.62 and its two-hundred day moving average is $95.15. AGCO Co. has a 12-month low of $73.79 and a 12-month high of $119.88. The firm has a market cap of $6.25 billion, a P/E ratio of -14.72, a price-to-earnings-growth ratio of 1.80 and a beta of 1.16.

AGCO (NYSE:AGCO - Get Free Report) last issued 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 positive return on equity of 13.40% and a negative net margin of 3.64%. As a group, equities research analysts expect that AGCO Co. will post 4.2 EPS 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 issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.16 annualized dividend and a yield of 1.39%. AGCO's payout ratio 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.