Syon Capital LLC Purchases Shares of 5,710 AGCO Co. (NYSE:AGCO)

Syon Capital LLC purchased a new stake in shares of AGCO Co. (NYSE:AGCO - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,710 shares of the industrial products company's stock, valued at approximately $534,000.

Other large investors have also recently modified their holdings of the company. Deroy & Devereaux Private Investment Counsel Inc. bought a new stake in AGCO in the 4th quarter worth about $3,144,000. Gateway Investment Advisers LLC bought a new stake in shares of AGCO in the fourth quarter worth approximately $311,000. Olstein Capital Management L.P. raised its holdings in shares of AGCO by 20.8% during the fourth quarter. Olstein Capital Management L.P. now owns 14,500 shares of the industrial products company's stock valued at $1,355,000 after purchasing an additional 2,500 shares during the last quarter. Principal Financial Group Inc. lifted its position in AGCO by 28.2% during the third quarter. Principal Financial Group Inc. now owns 684,249 shares of the industrial products company's stock valued at $66,959,000 after purchasing an additional 150,656 shares during the period. Finally, Alberta Investment Management Corp boosted its holdings in AGCO by 98.5% in the fourth quarter. Alberta Investment Management Corp now owns 49,020 shares of the industrial products company's stock worth $4,582,000 after purchasing an additional 24,320 shares during the last quarter. Hedge funds and other institutional investors own 78.80% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on AGCO shares. Truist Financial decreased their target price on shares of AGCO from $125.00 to $105.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. JPMorgan Chase & Co. raised their target price on AGCO from $102.00 to $111.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 15th. UBS Group set a $106.00 price target on shares of AGCO in a research report on Tuesday, April 22nd. Morgan Stanley downgraded shares of 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 report on Wednesday, April 16th. Finally, StockNews.com upgraded shares of AGCO from a "sell" rating to a "hold" rating in a research report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, AGCO has a consensus rating of "Hold" and a consensus price target of $99.80.

AGCO Price Performance

NYSE:AGCO traded down $1.50 on Wednesday, reaching $83.73. 150,878 shares of the company's stock traded hands, compared to its average volume of 892,967. The stock has a 50-day simple moving average of $90.27 and a 200-day simple moving average of $95.05. AGCO Co. has a 12 month low of $73.79 and a 12 month high of $119.71. The firm has a market cap of $6.24 billion, a PE ratio of -14.72, a P/E/G ratio of 1.80 and a beta of 1.16. 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 (NYSE:AGCO - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.97 EPS for the quarter, missing analysts' consensus estimates of $2.01 by ($0.04). AGCO had a positive return on equity of 13.40% and a negative net margin of 3.64%. Equities research analysts forecast that AGCO Co. will post 4.2 earnings per share for the current year.

AGCO Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Thursday, May 15th will be paid a dividend of $0.29 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.16 annualized dividend and a yield of 1.39%. AGCO's payout ratio is -20.39%.

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.