Sterling Capital Management LLC Purchases 1,346 Shares of AGCO Co. (NYSE:AGCO)

Sterling Capital Management LLC boosted its holdings in shares of AGCO Co. (NYSE:AGCO) by 56.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,719 shares of the industrial products company’s stock after buying an additional 1,346 shares during the quarter. Sterling Capital Management LLC’s holdings in AGCO were worth $348,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. CIBC Asset Management Inc lifted its stake in shares of AGCO by 5.1% during the 4th quarter. CIBC Asset Management Inc now owns 2,265 shares of the industrial products company’s stock worth $212,000 after buying an additional 110 shares during the last quarter. Inspire Investing LLC lifted its position in AGCO by 2.8% during the fourth quarter. Inspire Investing LLC now owns 4,299 shares of the industrial products company’s stock worth $402,000 after acquiring an additional 118 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in shares of AGCO by 2.4% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 6,207 shares of the industrial products company’s stock worth $580,000 after acquiring an additional 144 shares during the period. Neuberger Berman Group LLC grew its position in shares of AGCO by 2.3% in the fourth quarter. Neuberger Berman Group LLC now owns 6,552 shares of the industrial products company’s stock valued at $612,000 after purchasing an additional 145 shares during the last quarter. Finally, Arizona State Retirement System increased its stake in shares of AGCO by 0.8% during the fourth quarter. Arizona State Retirement System now owns 18,414 shares of the industrial products company’s stock worth $1,721,000 after purchasing an additional 150 shares during the period. Institutional investors own 78.80% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Truist Financial decreased their price target on shares of AGCO from $125.00 to $105.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. JPMorgan Chase & Co. raised their target price on shares of AGCO from $102.00 to $111.00 and gave the stock an “overweight” rating in a report on Wednesday, January 15th. Oppenheimer boosted their price target on AGCO from $108.00 to $109.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Robert W. Baird cut AGCO from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $116.00 to $100.00 in a report on Monday, March 3rd. Finally, Citigroup raised 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. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $98.30.

AGCO Stock Performance

NYSE AGCO opened at $80.96 on Friday. The firm’s fifty day moving average price is $92.13 and its two-hundred day moving average price is $95.65. The stock has a market cap of $6.04 billion, a PE ratio of -14.23, a PEG ratio of 1.80 and a beta of 1.16. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.63 and a current ratio of 1.34. AGCO Co. has a fifty-two week low of $73.79 and a fifty-two week high of $121.49.

AGCO (NYSE:AGCO) last issued its earnings results on Thursday, February 6th. The industrial products company reported $1.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.04). AGCO had a positive return on equity of 13.40% and a negative net margin of 3.64%. On average, equities analysts expect that AGCO Co. will post 4.2 EPS for the current fiscal year.

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.