Qsemble Capital Management LP Buys New Stake in AGCO Co. (NYSE:AGCO)

Qsemble Capital Management LP acquired a new position in shares of AGCO Co. (NYSE:AGCO) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,891 shares of the industrial products company’s stock, valued at approximately $479,000.

Several other hedge funds also recently made changes to their positions in AGCO. Price T Rowe Associates Inc. MD grew its holdings in shares of AGCO by 146.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 85,658 shares of the industrial products company’s stock worth $10,538,000 after purchasing an additional 50,892 shares during the last quarter. Comerica Bank grew its holdings in shares of AGCO by 15.5% during the first quarter. Comerica Bank now owns 42,300 shares of the industrial products company’s stock worth $5,204,000 after purchasing an additional 5,688 shares during the last quarter. Swedbank AB acquired a new stake in shares of AGCO during the first quarter worth about $10,498,000. Burney Co. boosted its stake in shares of AGCO by 1.5% during the first quarter. Burney Co. now owns 19,741 shares of the industrial products company’s stock worth $2,429,000 after buying an additional 289 shares during the period. Finally, Cetera Investment Advisers boosted its stake in shares of AGCO by 377.0% during the first quarter. Cetera Investment Advisers now owns 17,695 shares of the industrial products company’s stock worth $2,177,000 after buying an additional 13,985 shares during the period. Hedge funds and other institutional investors own 78.80% of the company’s stock.

AGCO Trading Up 2.1 %

Shares of AGCO stock opened at $101.46 on Thursday. AGCO Co. has a 12-month low of $84.35 and a 12-month high of $130.26. The company has a current ratio of 1.53, a quick ratio of 0.72 and a debt-to-equity ratio of 0.87. The stock has a market cap of $7.57 billion, a PE ratio of 44.89, a price-to-earnings-growth ratio of 0.57 and a beta of 1.25. The company has a 50-day moving average of $96.82 and a two-hundred day moving average of $97.29.

AGCO (NYSE:AGCO) last issued its earnings results on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.40). AGCO had a net margin of 1.35% and a return on equity of 15.79%. The company had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same period last year, the business posted $3.97 earnings per share. The company’s quarterly revenue was down 24.8% on a year-over-year basis. On average, research analysts anticipate that AGCO Co. will post 7.34 EPS for the current fiscal year.

AGCO Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.16 dividend on an annualized basis and a yield of 1.14%. AGCO’s dividend payout ratio (DPR) is presently 51.33%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AGCO. Robert W. Baird decreased their target price on shares of AGCO from $139.00 to $129.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. BMO Capital Markets began coverage on shares of AGCO in a research note on Friday, August 9th. They set a “market perform” rating and a $96.00 target price for the company. StockNews.com downgraded shares of AGCO from a “hold” rating to a “sell” rating in a research note on Thursday. JPMorgan Chase & Co. decreased their target price on shares of AGCO from $130.00 to $115.00 and set an “overweight” rating for the company in a research note on Wednesday, July 31st. Finally, Citigroup raised their price objective on shares of AGCO from $88.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $114.40.

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.