Rhumbline Advisers boosted its holdings in shares of AGCO Co. (NYSE:AGCO) by 8.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 168,993 shares of the industrial products company’s stock after buying an additional 12,670 shares during the quarter. Rhumbline Advisers’ holdings in AGCO were worth $7,985,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in AGCO. Janney Montgomery Scott LLC increased its position in AGCO by 3.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 6,955 shares of the industrial products company’s stock worth $537,000 after buying an additional 258 shares during the last quarter. Strs Ohio increased its position in AGCO by 100.8% during the fourth quarter. Strs Ohio now owns 13,314 shares of the industrial products company’s stock worth $1,028,000 after buying an additional 6,685 shares during the last quarter. James Investment Research Inc. increased its position in AGCO by 7.8% during the fourth quarter. James Investment Research Inc. now owns 20,000 shares of the industrial products company’s stock worth $1,545,000 after buying an additional 1,450 shares during the last quarter. Eqis Capital Management Inc. increased its position in AGCO by 4.7% during the fourth quarter. Eqis Capital Management Inc. now owns 7,514 shares of the industrial products company’s stock worth $580,000 after buying an additional 335 shares during the last quarter. Finally, Prestige Wealth Management Group LLC acquired a new position in AGCO during the fourth quarter worth approximately $91,000. 80.94% of the stock is currently owned by hedge funds and other institutional investors.

Shares of AGCO stock opened at $51.10 on Friday. The company has a current ratio of 1.49, a quick ratio of 0.63 and a debt-to-equity ratio of 0.67. The stock has a market cap of $3.83 billion, a P/E ratio of 11.51, a price-to-earnings-growth ratio of 6.61 and a beta of 1.10. The stock has a 50 day simple moving average of $48.96 and a 200 day simple moving average of $64.60. AGCO Co. has a 1 year low of $35.33 and a 1 year high of $81.39.

AGCO (NYSE:AGCO) last issued its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.44. The business had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.84 billion. AGCO had a return on equity of 11.59% and a net margin of 1.39%. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.86 earnings per share. Analysts forecast that AGCO Co. will post 2.09 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 15th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.25%. The ex-dividend date is Thursday, May 14th. AGCO’s payout ratio is presently 14.41%.

AGCO has been the topic of a number of recent analyst reports. Stephens lowered their price target on AGCO from $88.00 to $80.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. Wells Fargo & Co decreased their target price on AGCO from $54.00 to $48.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 16th. UBS Group decreased their target price on AGCO from $79.00 to $72.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. Goldman Sachs Group decreased their target price on AGCO from $70.00 to $55.00 and set a “neutral” rating on the stock in a research report on Thursday, March 19th. Finally, ValuEngine raised AGCO from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $74.86.

AGCO 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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