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

Cohen & Steers Inc. raised its holdings in AGCO Co. (NYSE:AGCO) by 50.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 198,660 shares of the industrial products company’s stock after acquiring an additional 66,235 shares during the period. Cohen & Steers Inc.’s holdings in AGCO were worth $18,571,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Orion Portfolio Solutions LLC increased its holdings in shares of AGCO by 41.7% in the third quarter. Orion Portfolio Solutions LLC now owns 3,715 shares of the industrial products company’s stock valued at $364,000 after purchasing an additional 1,093 shares during the last quarter. Barclays PLC grew its holdings in 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 buying an additional 198,014 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of AGCO by 7.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,205,227 shares of the industrial products company’s stock worth $121,121,000 after acquiring an additional 80,516 shares during the last quarter. Coldstream Capital Management Inc. raised its holdings in shares of AGCO by 9.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,329 shares of the industrial products company’s stock worth $324,000 after acquiring an additional 284 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of AGCO during the 3rd quarter valued at about $52,000. 78.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AGCO has been the subject of several recent analyst reports. Citigroup upgraded shares of AGCO from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $98.00 to $90.00 in a research report on Tuesday, April 8th. JPMorgan Chase & Co. lifted their price target on shares of AGCO from $102.00 to $111.00 and gave the company an “overweight” rating in a research report on Wednesday, January 15th. Robert W. Baird lowered AGCO from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $116.00 to $100.00 in a research report on Monday, March 3rd. Oppenheimer lifted their target price on AGCO from $108.00 to $109.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Finally, Baird R W lowered AGCO from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 3rd. Nine analysts have rated the stock with 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 target price of $100.90.

AGCO Price Performance

Shares of NYSE AGCO opened at $86.09 on Monday. The stock’s 50-day moving average is $93.78 and its two-hundred day moving average is $96.18. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.34 and a quick ratio of 0.63. The company has a market cap of $6.42 billion, a price-to-earnings ratio of -15.13, a price-to-earnings-growth 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 issued its earnings results on Thursday, February 6th. The industrial products company reported $1.97 earnings per share 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%. Analysts forecast that AGCO Co. will post 4.2 EPS for the current fiscal year.

AGCO Announces Dividend

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

About AGCO

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.