WINTON GROUP Ltd boosted its stake in AGCO Co. (NYSE:AGCO) by 102.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 155,979 shares of the industrial products company’s stock after buying an additional 78,793 shares during the period. WINTON GROUP Ltd owned 0.20% of AGCO worth $9,482,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. boosted its stake in AGCO by 1.6% during the second quarter. BlackRock Inc. now owns 6,648,000 shares of the industrial products company’s stock valued at $403,667,000 after buying an additional 107,096 shares in the last quarter. Victory Capital Management Inc. boosted its stake in AGCO by 9.9% during the third quarter. Victory Capital Management Inc. now owns 3,125,516 shares of the industrial products company’s stock valued at $190,000,000 after buying an additional 280,561 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in AGCO by 0.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,679,076 shares of the industrial products company’s stock valued at $162,673,000 after buying an additional 17,838 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in AGCO by 45.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,018,666 shares of the industrial products company’s stock valued at $122,715,000 after buying an additional 631,175 shares in the last quarter. Finally, AGF Investments Inc. boosted its stake in AGCO by 10.7% during the second quarter. AGF Investments Inc. now owns 1,648,127 shares of the industrial products company’s stock valued at $100,074,000 after buying an additional 159,307 shares in the last quarter. 86.15% of the stock is currently owned by hedge funds and other institutional investors.
AGCO has been the subject of several research reports. ValuEngine cut AGCO from a “hold” rating to a “sell” rating in a research note on Tuesday, September 4th. Deutsche Bank reaffirmed a “buy” rating on shares of AGCO in a research note on Monday, September 24th. TheStreet raised AGCO from a “c+” rating to a “b-” rating in a research note on Tuesday, July 31st. Jefferies Financial Group reaffirmed a “hold” rating and set a $70.00 target price on shares of AGCO in a research note on Friday, July 20th. Finally, JPMorgan Chase & Co. lowered AGCO from a “neutral” rating to an “underweight” rating and set a $55.00 price target for the company. in a research report on Monday, August 13th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $68.64.
AGCO (NYSE:AGCO) last released its quarterly earnings results on Tuesday, October 30th. The industrial products company reported $0.91 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.08. AGCO had a return on equity of 9.70% and a net margin of 2.49%. The business had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.15 billion. During the same quarter last year, the company posted $0.76 EPS. AGCO’s revenue for the quarter was up 11.5% on a year-over-year basis. Research analysts expect that AGCO Co. will post 3.78 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Thursday, November 15th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend is Wednesday, November 14th. AGCO’s dividend payout ratio is currently 19.87%.
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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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