Teachers Retirement System of The State of Kentucky increased its holdings in shares of AGCO Co. (NYSE:AGCO) by 1,500.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 228,480 shares of the industrial products company’s stock after acquiring an additional 214,200 shares during the period. Teachers Retirement System of The State of Kentucky owned about 0.29% of AGCO worth $16,320,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the stock. Moon Capital Management LLC lifted its stake in shares of AGCO by 1.9% during the 4th quarter. Moon Capital Management LLC now owns 35,854 shares of the industrial products company’s stock worth $2,561,000 after acquiring an additional 680 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD lifted its stake in shares of AGCO by 14.1% during the 4th quarter. Sumitomo Mitsui Asset Management Company LTD now owns 5,652 shares of the industrial products company’s stock worth $403,000 after acquiring an additional 698 shares during the last quarter. Amalgamated Bank lifted its stake in shares of AGCO by 5.9% during the 4th quarter. Amalgamated Bank now owns 13,451 shares of the industrial products company’s stock worth $961,000 after acquiring an additional 754 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of AGCO by 2.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 36,076 shares of the industrial products company’s stock worth $2,577,000 after acquiring an additional 861 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI lifted its stake in shares of AGCO by 13.4% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 7,476 shares of the industrial products company’s stock worth $552,000 after acquiring an additional 882 shares during the last quarter. 81.99% of the stock is owned by hedge funds and other institutional investors.
In other news, VP Richard Robinson Smith sold 2,567 shares of AGCO stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $67.72, for a total value of $173,837.24. Following the transaction, the vice president now directly owns 33,431 shares in the company, valued at approximately $2,263,947.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 4,385 shares of company stock worth $268,581 over the last quarter. Company insiders own 16.60% of the company’s stock.
AGCO Co. (AGCO) opened at $67.64 on Wednesday. AGCO Co. has a fifty-two week low of $58.00 and a fifty-two week high of $75.95. The stock has a market capitalization of $5,336.59, a price-to-earnings ratio of 29.16, a PEG ratio of 1.45 and a beta of 0.82. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.37 and a quick ratio of 0.66.
AGCO (NYSE:AGCO) last announced its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $1.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.11 by ($0.01). AGCO had a net margin of 2.24% and a return on equity of 8.04%. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter in the prior year, the business posted $0.84 earnings per share. The company’s revenue was up 20.7% compared to the same quarter last year. sell-side analysts anticipate that AGCO Co. will post 3.69 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, February 15th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This is an increase from AGCO’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.89%. AGCO’s dividend payout ratio (DPR) is currently 25.86%.
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AGCO Corporation is a manufacturer and distributor of agricultural equipment and related replacement parts. The Company sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage equipment, implements, and grain storage and protein production systems.
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