Occudo Quantitative Strategies LP Purchases 7,123 Shares of AGCO Co. (NYSE:AGCO)

Occudo Quantitative Strategies LP grew its position in shares of AGCO Co. (NYSE:AGCO) by 173.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,229 shares of the industrial products company’s stock after purchasing an additional 7,123 shares during the period. Occudo Quantitative Strategies LP’s holdings in AGCO were worth $1,050,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Barclays PLC grew its position in AGCO by 386.8% during the third 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. GAMMA Investing LLC boosted its stake in shares of AGCO by 174.7% in the 4th quarter. GAMMA Investing LLC now owns 544 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 346 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of AGCO by 96.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 24,473 shares of the industrial products company’s stock valued at $2,288,000 after purchasing an additional 12,031 shares during the last quarter. Gateway Investment Advisers LLC bought a new position in shares of AGCO during the 4th quarter valued at $311,000. Finally, UMB Bank n.a. raised its position in AGCO by 84.2% in the 4th quarter. UMB Bank n.a. now owns 337 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 154 shares during the period. 78.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AGCO. StockNews.com raised AGCO from a “sell” rating to a “hold” rating in a research note on Tuesday, April 22nd. UBS Group set a $106.00 price objective on AGCO in a research report on Tuesday, April 22nd. 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. Morgan Stanley lifted their target price on shares of AGCO from $75.00 to $84.00 and gave the stock an “underweight” rating in a research note on Monday. Finally, Robert W. Baird cut shares of AGCO from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $116.00 to $100.00 in a research report on Monday, March 3rd. 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’s stock. According to data from MarketBeat.com, AGCO currently has an average rating of “Hold” and a consensus price target of $102.70.

AGCO Stock Performance

Shares of AGCO opened at $106.24 on Wednesday. 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 market cap of $7.92 billion, a P/E ratio of -18.67, a P/E/G ratio of 1.80 and a beta of 1.20. The business’s 50 day moving average price is $90.04 and its 200-day moving average price is $94.69. AGCO Co. has a 52 week low of $73.79 and a 52 week high of $119.71.

AGCO (NYSE:AGCO) last released its earnings results on Thursday, May 1st. The industrial products company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.03 by $0.38. AGCO had a positive return on equity of 13.40% and a negative net margin of 3.64%. The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same period in the previous year, the company posted $2.32 earnings per share. The company’s revenue for the quarter was down 30.0% compared to the same quarter last year. Equities research analysts anticipate that AGCO Co. will post 4.2 earnings per share for the current fiscal year.

AGCO Dividend Announcement

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 paid a dividend of $0.29 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.16 dividend on an annualized basis and a yield of 1.09%. AGCO’s dividend payout ratio is currently -14.87%.

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.