Dimensional Fund Advisors LP Buys 258,054 Shares of AGCO Co. (NYSE:AGCO)

Dimensional Fund Advisors LP increased its stake in shares of AGCO Co. (NYSE:AGCO) by 9.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,984,081 shares of the industrial products company’s stock after buying an additional 258,054 shares during the quarter. Dimensional Fund Advisors LP owned 4.00% of AGCO worth $278,951,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Invesco Ltd. lifted its holdings in shares of AGCO by 68.7% during the fourth quarter. Invesco Ltd. now owns 2,360,301 shares of the industrial products company’s stock valued at $220,641,000 after acquiring an additional 961,081 shares during the period. Geode Capital Management LLC lifted its holdings in AGCO by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 1,234,326 shares of the industrial products company’s stock valued at $120,172,000 after purchasing an additional 29,099 shares during the last quarter. First Trust Advisors LP grew its stake in AGCO by 15.4% during the fourth quarter. First Trust Advisors LP now owns 1,118,393 shares of the industrial products company’s stock worth $104,547,000 after buying an additional 148,896 shares during the last quarter. Royal London Asset Management Ltd. increased its holdings in shares of AGCO by 21.6% during the fourth quarter. Royal London Asset Management Ltd. now owns 758,236 shares of the industrial products company’s stock worth $70,880,000 after buying an additional 134,651 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of AGCO by 4.0% in the fourth quarter. Principal Financial Group Inc. now owns 711,687 shares of the industrial products company’s stock valued at $66,536,000 after acquiring an additional 27,438 shares during the last quarter. Institutional investors and hedge funds own 78.80% of the company’s stock.

AGCO Stock Performance

Shares of AGCO stock opened at $79.89 on Tuesday. The stock has a 50-day moving average of $91.78 and a 200-day moving average of $95.52. AGCO Co. has a one year low of $73.79 and a one year high of $121.49. The stock has a market cap of $5.96 billion, a PE ratio of -14.04, a price-to-earnings-growth ratio of 1.80 and a beta of 1.16. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.34 and a quick ratio of 0.63.

AGCO (NYSE:AGCO) last posted 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 positive return on equity of 13.40% and a negative net margin of 3.64%. As a group, sell-side analysts expect that AGCO Co. will post 4.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on AGCO shares. Truist Financial dropped their price target on AGCO from $125.00 to $105.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Baird R W cut shares of AGCO from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 3rd. UBS Group decreased their price target on shares of AGCO from $100.00 to $88.00 and set a “neutral” rating on the stock in a research note on Monday, April 7th. Citigroup upgraded shares of AGCO from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $98.00 to $90.00 in a research report on Tuesday, April 8th. Finally, StockNews.com raised AGCO from a “sell” rating to a “hold” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $98.30.

AGCO 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.