Union Bancaire Privee UBP SA Makes New $844,000 Investment in AGCO Co. (NYSE:AGCO)

Union Bancaire Privee UBP SA bought a new position in shares of AGCO Co. (NYSE:AGCO) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,061 shares of the industrial products company’s stock, valued at approximately $844,000.

A number of other institutional investors also recently bought and sold shares of AGCO. First Horizon Advisors Inc. raised its holdings in shares of AGCO by 30.8% in the fourth quarter. First Horizon Advisors Inc. now owns 688 shares of the industrial products company’s stock worth $64,000 after acquiring an additional 162 shares during the last quarter. Alberta Investment Management Corp raised its holdings in shares of AGCO by 98.5% in the fourth quarter. Alberta Investment Management Corp now owns 49,020 shares of the industrial products company’s stock worth $4,582,000 after acquiring an additional 24,320 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in shares of AGCO by 114.7% in the fourth quarter. Venturi Wealth Management LLC now owns 790 shares of the industrial products company’s stock worth $74,000 after acquiring an additional 422 shares during the last quarter. CIBC Asset Management Inc raised its holdings in shares of AGCO by 5.1% in the fourth quarter. CIBC Asset Management Inc now owns 2,265 shares of the industrial products company’s stock worth $212,000 after acquiring an additional 110 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings 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 worth $66,536,000 after acquiring an additional 27,438 shares during the last quarter. 78.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Oppenheimer boosted their price target on AGCO from $108.00 to $109.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. StockNews.com upgraded AGCO from a “sell” rating to a “hold” rating in a research note on Friday, February 7th. Truist Financial upped their target price on AGCO from $109.00 to $118.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. The Goldman Sachs Group dropped their target price on AGCO from $112.00 to $99.00 and set a “neutral” rating for the company in a research note on Wednesday, November 6th. Finally, Citigroup dropped their target price on AGCO from $100.00 to $95.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $107.20.

AGCO Stock Performance

Shares of NYSE:AGCO opened at $96.51 on Tuesday. The firm has a market capitalization of $7.20 billion, a PE ratio of -16.96, a P/E/G ratio of 1.85 and a beta of 1.25. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.34 and a quick ratio of 0.63. The business has a 50-day moving average of $97.77 and a two-hundred day moving average of $95.87. AGCO Co. has a 12 month low of $84.35 and a 12 month high of $125.76.

AGCO (NYSE:AGCO) last issued 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, research analysts forecast that AGCO Co. will post 4.2 earnings per share for the current year.

AGCO Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend is Friday, February 14th. AGCO’s payout ratio is -20.39%.

About AGCO

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.