LSV Asset Management Increases Holdings in AGCO Co. (AGCO)

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LSV Asset Management increased its stake in shares of AGCO Co. (NYSE:AGCO) by 2.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,641,010 shares of the industrial products company’s stock after buying an additional 68,780 shares during the quarter. LSV Asset Management owned 3.37% of AGCO worth $147,025,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Bank of New York Mellon Corp grew its position in shares of AGCO by 5.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 869,295 shares of the industrial products company’s stock worth $52,784,000 after buying an additional 45,302 shares during the last quarter. Northern Trust Corp grew its position in shares of AGCO by 13.4% in the 2nd quarter. Northern Trust Corp now owns 645,407 shares of the industrial products company’s stock worth $39,189,000 after buying an additional 76,094 shares during the last quarter. United Services Automobile Association grew its position in shares of AGCO by 23.5% in the 2nd quarter. United Services Automobile Association now owns 65,167 shares of the industrial products company’s stock worth $3,957,000 after buying an additional 12,380 shares during the last quarter. Bank of Montreal Can grew its position in shares of AGCO by 169.2% in the 3rd quarter. Bank of Montreal Can now owns 80,981 shares of the industrial products company’s stock worth $4,923,000 after buying an additional 50,903 shares during the last quarter. Finally, Scout Investments Inc. grew its position in shares of AGCO by 4.6% in the 3rd quarter. Scout Investments Inc. now owns 280,144 shares of the industrial products company’s stock worth $17,030,000 after buying an additional 12,315 shares during the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Shares of NYSE AGCO opened at $63.17 on Tuesday. The company has a quick ratio of 0.59, a current ratio of 1.28 and a debt-to-equity ratio of 0.43. AGCO Co. has a 12 month low of $49.50 and a 12 month high of $70.07. The company has a market cap of $4.92 billion, a price-to-earnings ratio of 16.24, a price-to-earnings-growth ratio of 0.84 and a beta of 0.85.

AGCO (NYSE:AGCO) last announced its quarterly earnings data on Tuesday, February 5th. The industrial products company reported $1.31 EPS for the quarter, beating the consensus estimate of $1.22 by $0.09. AGCO had a net margin of 3.05% and a return on equity of 10.27%. The business had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.58 billion. During the same period in the previous year, the business posted $1.10 EPS. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. As a group, equities research analysts forecast that AGCO Co. will post 4.67 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, February 15th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Thursday, February 14th. AGCO’s payout ratio is 15.42%.

Several research firms have weighed in on AGCO. Zacks Investment Research downgraded shares of AGCO from a “hold” rating to a “sell” rating in a research report on Tuesday, October 16th. William Blair reissued a “buy” rating on shares of AGCO in a research report on Wednesday, November 21st. ValuEngine raised shares of AGCO from a “sell” rating to a “hold” rating in a research report on Wednesday, October 31st. Citigroup dropped their target price on shares of AGCO from $65.00 to $64.00 and set a “neutral” rating on the stock in a research report on Friday, November 2nd. Finally, Credit Suisse Group dropped their target price on shares of AGCO from $68.00 to $63.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 31st. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. AGCO presently has an average rating of “Hold” and a consensus target price of $65.42.

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About AGCO

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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