HBK Investments L P increased its position in AGCO Co. (NYSE:AGCO) by 329.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 103,100 shares of the industrial products company’s stock after acquiring an additional 79,089 shares during the quarter. HBK Investments L P owned about 0.13% of AGCO worth $7,364,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently made changes to their positions in AGCO. Invictus RG increased its holdings in AGCO by 265.9% in the 3rd quarter. Invictus RG now owns 1,460 shares of the industrial products company’s stock worth $108,000 after acquiring an additional 1,061 shares during the last quarter. Avestar Capital LLC purchased a new stake in AGCO in the 4th quarter worth about $111,000. Hirtle Callaghan & Co LLC purchased a new stake in AGCO in the 4th quarter worth about $163,000. Tower Research Capital LLC TRC purchased a new stake in AGCO in the 4th quarter worth about $188,000. Finally, Advisor Group Inc. increased its holdings in AGCO by 187.9% in the 4th quarter. Advisor Group Inc. now owns 2,709 shares of the industrial products company’s stock worth $192,000 after acquiring an additional 1,768 shares during the last quarter. 81.99% of the stock is owned by institutional investors.
AGCO has been the subject of several recent research reports. JPMorgan Chase & Co. raised AGCO from an “underweight” rating to a “neutral” rating in a report on Wednesday, February 7th. Stifel Nicolaus reissued a “hold” rating and issued a $73.00 price objective on shares of AGCO in a report on Thursday, December 21st. Bank of America decreased their price objective on AGCO from $70.00 to $64.00 and set an “underperform” rating for the company in a report on Wednesday, February 7th. Seaport Global Securities reissued a “hold” rating on shares of AGCO in a report on Thursday, January 18th. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $79.00 price objective on shares of AGCO in a report on Thursday, January 11th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $72.80.
AGCO (NYSE:AGCO) last issued its earnings results on Tuesday, February 6th. The industrial products company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.11 by ($0.01). AGCO had a return on equity of 8.04% and a net margin of 2.24%. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the prior year, the business earned $0.84 EPS. The firm’s revenue for the quarter was up 20.7% compared to the same quarter last year. equities analysts expect that AGCO Co. will post 3.69 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, February 15th will be paid a $0.15 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $0.60 annualized dividend and a yield of 0.89%. This is an increase from AGCO’s previous quarterly dividend of $0.14. AGCO’s dividend payout ratio (DPR) is currently 25.86%.
In other news, VP Richard Robinson Smith sold 1,316 shares of AGCO stock in a transaction dated Saturday, May 19th. The stock was sold at an average price of $54.05, for a total transaction of $71,129.80. Following the completion of the sale, the vice president now owns 35,068 shares in the company, valued at approximately $1,895,425.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders sold 4,385 shares of company stock valued at $268,581. 16.60% of the stock is owned by corporate insiders.
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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