Marco Investment Management LLC Increases Holdings in AGCO Co. (NYSE:AGCO)

Marco Investment Management LLC increased its holdings in shares of AGCO Co. (NYSE:AGCO) by 4.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,100 shares of the industrial products company’s stock after purchasing an additional 500 shares during the period. Marco Investment Management LLC’s holdings in AGCO were worth $1,225,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in AGCO. US Bancorp DE boosted its position in AGCO by 29.3% during the 3rd quarter. US Bancorp DE now owns 1,623 shares of the industrial products company’s stock worth $159,000 after purchasing an additional 368 shares during the period. Farther Finance Advisors LLC boosted its position in AGCO by 50.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company’s stock valued at $41,000 after buying an additional 139 shares during the last quarter. Principal Financial Group Inc. boosted its position in AGCO by 28.2% in the 3rd quarter. Principal Financial Group Inc. now owns 684,249 shares of the industrial products company’s stock valued at $66,959,000 after buying an additional 150,656 shares during the last quarter. Olstein Capital Management L.P. boosted its position in AGCO by 100.0% in the 3rd quarter. Olstein Capital Management L.P. now owns 12,000 shares of the industrial products company’s stock valued at $1,174,000 after buying an additional 6,000 shares during the last quarter. Finally, Verity Asset Management Inc. boosted its position in AGCO by 69.7% in the 3rd quarter. Verity Asset Management Inc. now owns 5,198 shares of the industrial products company’s stock valued at $509,000 after buying an additional 2,135 shares during the last quarter. 78.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Baird R W cut shares of AGCO from a “strong-buy” rating to a “hold” rating in a research report on Monday. JPMorgan Chase & Co. upped their price objective on shares of AGCO from $102.00 to $111.00 and gave the company an “overweight” rating in a research report on Wednesday, January 15th. StockNews.com raised shares of AGCO from a “sell” rating to a “hold” rating in a research report on Friday, February 7th. Morgan Stanley started coverage on shares of AGCO in a research note on Tuesday, December 3rd. They issued an “equal weight” rating and a $101.00 target price on the stock. Finally, Citigroup cut their target price on shares of AGCO from $100.00 to $95.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Ten research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $104.30.

AGCO Price Performance

Shares of NYSE:AGCO opened at $96.71 on Friday. The firm’s 50 day moving average is $97.91 and its two-hundred day moving average is $96.18. AGCO Co. has a 52 week low of $84.35 and a 52 week high of $125.76. The firm has a market capitalization of $7.21 billion, a P/E ratio of -17.00, a PEG ratio of 1.80 and a beta of 1.24. The company has a current ratio of 1.34, a quick ratio of 0.63 and a debt-to-equity ratio of 0.60.

AGCO (NYSE:AGCO) last announced its quarterly 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 negative net margin of 3.64% and a positive return on equity of 13.40%. Analysts anticipate that AGCO Co. will post 4.2 earnings per share for the current year.

AGCO Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be issued 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 dividend payout ratio (DPR) is presently -20.39%.

AGCO 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.