Sarasin & Partners LLP boosted its holdings in shares of AGCO Co. (NYSE:AGCO) by 47.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 65,000 shares of the industrial products company’s stock after purchasing an additional 21,000 shares during the quarter. Sarasin & Partners LLP’s holdings in AGCO were worth $4,643,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in AGCO. Wells Fargo & Company MN raised its stake in shares of AGCO by 94.0% in the second quarter. Wells Fargo & Company MN now owns 64,651 shares of the industrial products company’s stock valued at $4,357,000 after acquiring an additional 31,325 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of AGCO by 8.8% in the second quarter. PNC Financial Services Group Inc. now owns 3,664 shares of the industrial products company’s stock valued at $246,000 after acquiring an additional 297 shares during the last quarter. Numeric Investors LLC bought a new position in shares of AGCO in the second quarter valued at approximately $229,000. HighTower Advisors LLC raised its stake in shares of AGCO by 12.6% in the second quarter. HighTower Advisors LLC now owns 13,618 shares of the industrial products company’s stock valued at $919,000 after acquiring an additional 1,519 shares during the last quarter. Finally, Shelton Capital Management bought a new position in shares of AGCO in the second quarter valued at approximately $347,000. Hedge funds and other institutional investors own 82.67% of the company’s stock.

AGCO Co. (AGCO) opened at $67.99 on Friday. The company has a quick ratio of 0.70, a current ratio of 1.37 and a debt-to-equity ratio of 0.52. AGCO Co. has a 1 year low of $58.00 and a 1 year high of $75.95. The firm has a market cap of $5,385.49, a P/E ratio of 29.31, a P/E/G ratio of 1.47 and a beta of 0.77.

AGCO (NYSE:AGCO) last posted its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $1.10 earnings per share 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 last year, the firm earned $0.84 EPS. The business’s revenue for the quarter was up 20.7% on a year-over-year basis. analysts expect that AGCO Co. will post 3.72 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, February 15th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.88%. The ex-dividend date is Wednesday, February 14th. This is a boost from AGCO’s previous quarterly dividend of $0.14. AGCO’s payout ratio is 24.14%.

In related news, SVP Robert B. Crain sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $70.72, for a total value of $495,040.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 16.60% of the company’s stock.

A number of research firms have recently issued reports on AGCO. JPMorgan Chase & Co. upgraded shares of AGCO from an “underweight” rating to a “neutral” rating in a research note on Wednesday. Credit Suisse Group cut their target price on shares of AGCO from $75.00 to $72.00 and set a “neutral” rating for the company in a research note on Wednesday. Bank of America cut their target price on shares of AGCO from $70.00 to $64.00 and set an “underperform” rating for the company in a research note on Wednesday. BMO Capital Markets cut their target price on shares of AGCO from $85.00 to $75.00 and set a “market perform” rating for the company in a research note on Thursday. Finally, Seaport Global Securities reiterated a “hold” rating on shares of AGCO in a research note on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company. AGCO currently has an average rating of “Hold” and a consensus price target of $73.07.

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AGCO Company Profile

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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Institutional Ownership by Quarter for AGCO (NYSE:AGCO)

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