AGCO Co. (NYSE:AGCO) Shares Acquired by Cohen & Steers Inc.

Cohen & Steers Inc. lifted its position in AGCO Co. (NYSE:AGCO) by 50.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 198,660 shares of the industrial products company’s stock after acquiring an additional 66,235 shares during the period. Cohen & Steers Inc. owned 0.27% of AGCO worth $18,571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Invesco Ltd. increased its holdings in shares of AGCO by 68.7% in the fourth quarter. Invesco Ltd. now owns 2,360,301 shares of the industrial products company’s stock valued at $220,641,000 after purchasing an additional 961,081 shares during the period. Norges Bank acquired a new position in AGCO in the 4th quarter worth approximately $57,321,000. Edge Capital Group LLC acquired a new position in AGCO in the 4th quarter worth approximately $39,269,000. JPMorgan Chase & Co. lifted its stake in AGCO by 83.6% during the 4th quarter. JPMorgan Chase & Co. now owns 630,098 shares of the industrial products company’s stock valued at $58,902,000 after acquiring an additional 286,958 shares during the period. Finally, Barclays PLC boosted its holdings in shares of AGCO by 386.8% in the 3rd quarter. Barclays PLC now owns 249,209 shares of the industrial products company’s stock valued at $24,389,000 after acquiring an additional 198,014 shares during the last quarter. Hedge funds and other institutional investors own 78.80% of the company’s stock.

AGCO Price Performance

AGCO stock opened at $86.09 on Monday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.63 and a current ratio of 1.34. The company’s fifty day moving average price is $93.78 and its 200 day moving average price is $96.18. The stock has a market capitalization of $6.42 billion, a P/E ratio of -15.13, a P/E/G ratio of 1.80 and a beta of 1.16. AGCO Co. has a 1 year low of $73.79 and a 1 year high of $121.78.

AGCO (NYSE:AGCO) last announced its earnings results on Thursday, February 6th. The industrial products company reported $1.97 earnings per share (EPS) 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%. As a group, equities research analysts anticipate that AGCO Co. will post 4.2 earnings per share for the current fiscal year.

AGCO Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date was Friday, February 14th. AGCO’s dividend payout ratio is presently -20.39%.

Analysts Set New Price Targets

Several research analysts recently issued reports on AGCO shares. Citigroup raised shares of AGCO from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $98.00 to $90.00 in a report on Tuesday, April 8th. StockNews.com raised AGCO from a “sell” rating to a “hold” rating in a report on Friday. Oppenheimer raised their target price on AGCO from $108.00 to $109.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. UBS Group reduced their price target on AGCO from $100.00 to $88.00 and set a “neutral” rating for the company in a research report on Monday, April 7th. Finally, Baird R W lowered AGCO from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 3rd. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $100.90.

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.