Susquehanna Fundamental Investments LLC Makes New Investment in AGCO Co. (NYSE:AGCO)

Susquehanna Fundamental Investments LLC purchased a new position in AGCO Co. (NYSE:AGCO - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 48,880 shares of the industrial products company's stock, valued at approximately $4,569,000. Susquehanna Fundamental Investments LLC owned about 0.07% of AGCO at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Two Sigma Securities LLC purchased a new position in AGCO in the fourth quarter worth about $208,000. Lord Abbett & CO. LLC bought a new position in AGCO in the fourth quarter worth approximately $62,022,000. Syon Capital LLC purchased a new position in shares of AGCO during the 4th quarter worth $534,000. Fuller & Thaler Asset Management Inc. grew its position in shares of AGCO by 1.5% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,744,133 shares of the industrial products company's stock valued at $256,522,000 after acquiring an additional 39,966 shares during the period. Finally, Pinebridge Investments L.P. increased its stake in shares of AGCO by 42.7% in the 4th quarter. Pinebridge Investments L.P. now owns 23,675 shares of the industrial products company's stock worth $2,213,000 after purchasing an additional 7,087 shares in the last quarter. 78.80% of the stock is owned by hedge funds and other institutional investors.

AGCO Price Performance

AGCO traded up $1.75 during trading hours on Friday, hitting $95.15. The company's stock had a trading volume of 1,017,988 shares, compared to its average volume of 896,815. The stock has a market cap of $7.10 billion, a price-to-earnings ratio of -16.72, a P/E/G ratio of 1.80 and a beta of 1.16. The business's 50-day moving average price is $89.53 and its 200-day moving average price is $94.84. The company has a current ratio of 1.34, a quick ratio of 0.63 and a debt-to-equity ratio of 0.60. AGCO Co. has a 12 month low of $73.79 and a 12 month high of $119.71.

AGCO (NYSE:AGCO - Get Free Report) last posted 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 for 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 business's quarterly revenue was down 30.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.32 EPS. Sell-side analysts expect that AGCO Co. will post 4.2 earnings per share for the current fiscal year.

AGCO Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Thursday, May 15th will be given a $0.29 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.16 annualized dividend and a yield of 1.22%. AGCO's dividend payout ratio (DPR) is -20.39%.

Wall Street Analyst Weigh In

AGCO has been the subject of several recent research reports. Baird R W lowered AGCO from a "strong-buy" rating to a "hold" rating in a report on Monday, March 3rd. UBS Group set a $106.00 target price on shares of AGCO in a report on Tuesday, April 22nd. Oppenheimer lowered their price target on shares of AGCO from $109.00 to $106.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Morgan Stanley cut shares of AGCO from an "equal weight" rating to an "underweight" rating and reduced their price objective for the stock from $94.00 to $75.00 in a research note on Wednesday, April 16th. Finally, Robert W. Baird cut shares of AGCO from an "outperform" rating to a "neutral" rating and lowered their target price for the company from $116.00 to $100.00 in a research note on Monday, March 3rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $99.80.

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.