Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of AGCO Co. (NYSE:AGCO) by 218.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,673 shares of the industrial products company’s stock after acquiring an additional 10,066 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in AGCO were worth $693,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AGCO. CSat Investment Advisory L.P. raised its stake in AGCO by 175.6% during the fourth quarter. CSat Investment Advisory L.P. now owns 554 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 353 shares during the period. Pendal Group Ltd bought a new position in AGCO in the 4th quarter worth about $87,000. Prestige Wealth Management Group LLC bought a new position in AGCO in the 4th quarter worth about $91,000. Banque Cantonale Vaudoise bought a new position in AGCO in the 4th quarter worth about $241,000. Finally, Robecosam AG bought a new position in AGCO in the 4th quarter worth about $248,000. Hedge funds and other institutional investors own 80.94% of the company’s stock.

AGCO stock opened at $51.10 on Friday. AGCO Co. has a 12 month low of $35.33 and a 12 month high of $81.39. The firm has a market cap of $3.83 billion, a PE ratio of 31.94, a P/E/G ratio of 6.61 and a beta of 1.10. The firm has a 50 day simple moving average of $48.96 and a 200 day simple moving average of $64.60. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.49 and a quick ratio of 0.63.

AGCO (NYSE:AGCO) last released its earnings results on Tuesday, May 5th. The industrial products company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.42 by $0.44. AGCO had a net margin of 1.39% and a return on equity of 11.59%. The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same period in the prior year, the business earned $0.86 earnings per share. The business’s quarterly revenue was down 3.4% on a year-over-year basis. As a group, sell-side analysts expect that AGCO Co. will post 2.09 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 15th will be given a $0.16 dividend. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $0.64 annualized dividend and a dividend yield of 1.25%. AGCO’s dividend payout ratio (DPR) is presently 14.41%.

Several research analysts have commented on the stock. ValuEngine upgraded shares of AGCO from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. Barclays restated a “sell” rating and issued a $54.00 target price on shares of AGCO in a research report on Thursday, April 16th. JPMorgan Chase & Co. decreased their target price on shares of AGCO from $62.00 to $57.00 and set a “neutral” rating for the company in a research report on Wednesday, May 6th. Wells Fargo & Co decreased their target price on shares of AGCO from $54.00 to $48.00 and set an “equal weight” rating for the company in a research report on Thursday, April 16th. Finally, UBS Group decreased their price objective on shares of AGCO from $79.00 to $72.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. AGCO has a consensus rating of “Hold” and an average price target of $74.86.

AGCO Company Profile

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. The company offers high horsepower tractors for larger farms, primarily for row crop production; 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, and residential uses.

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Institutional Ownership by Quarter for AGCO (NYSE:AGCO)

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