Price T Rowe Associates Inc. MD Has $608.03 Million Position in AGCO Co. (NYSE:AGCO)

Price T Rowe Associates Inc. MD raised its stake in shares of AGCO Co. (NYSE:AGCO) by 128.2% during the 4th quarter, HoldingsChannel reports. The firm owned 6,504,328 shares of the industrial products company’s stock after purchasing an additional 3,654,350 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.09% of AGCO worth $608,026,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. GeoWealth Management LLC acquired a new position in AGCO in the 4th quarter valued at $27,000. Allworth Financial LP grew its position in shares of AGCO by 333.3% in the fourth quarter. Allworth Financial LP now owns 286 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 220 shares during the last quarter. UMB Bank n.a. increased its stake in shares of AGCO by 84.2% in the fourth quarter. UMB Bank n.a. now owns 337 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 154 shares during the period. Cullen Frost Bankers Inc. acquired a new position in shares of AGCO during the 4th quarter worth about $33,000. Finally, Jones Financial Companies Lllp boosted its stake in AGCO by 112.3% during the 4th quarter. Jones Financial Companies Lllp now owns 501 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 265 shares during the period. Institutional investors own 78.80% of the company’s stock.

AGCO Trading Up 4.4 %

Shares of AGCO stock opened at $85.97 on Friday. The company has a quick ratio of 0.63, a current ratio of 1.34 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $6.41 billion, a P/E ratio of -15.11, a P/E/G ratio of 1.80 and a beta of 1.16. AGCO Co. has a 12-month low of $73.79 and a 12-month high of $119.88. The firm has a 50-day moving average price of $91.22 and a 200 day moving average price of $95.34.

AGCO (NYSE:AGCO) last announced its earnings results on Thursday, February 6th. The industrial products company reported $1.97 EPS 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%. Research analysts forecast that AGCO Co. will post 4.2 earnings per share for the current fiscal year.

AGCO Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Thursday, May 15th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.35%. AGCO’s dividend payout ratio (DPR) is -20.39%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on AGCO shares. UBS Group set a $106.00 price objective on AGCO in a research report on Tuesday. 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 report on Tuesday, April 8th. Robert W. Baird cut shares of AGCO from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $116.00 to $100.00 in a research note on Monday, March 3rd. Baird R W lowered AGCO from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 3rd. Finally, Truist Financial decreased their price objective on AGCO from $125.00 to $105.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $99.80.

AGCO Company 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.