MMCAP International Inc. SPC Raises Stock Holdings in AGCO Co. (NYSE:AGCO)

MMCAP International Inc. SPC boosted its holdings in AGCO Co. (NYSE:AGCO) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 108,253 shares of the industrial products company’s stock after buying an additional 1,200 shares during the quarter. AGCO accounts for approximately 1.6% of MMCAP International Inc. SPC’s holdings, making the stock its 16th biggest position. MMCAP International Inc. SPC owned approximately 0.15% of AGCO worth $10,119,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. CIBC Asset Management Inc grew its stake in shares of AGCO by 5.1% during the 4th quarter. CIBC Asset Management Inc now owns 2,265 shares of the industrial products company’s stock valued at $212,000 after purchasing an additional 110 shares during the period. First Horizon Advisors Inc. grew its stake in shares of AGCO by 28.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 526 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 117 shares during the period. Inspire Investing LLC grew its stake in shares of AGCO by 2.8% during the 4th quarter. Inspire Investing LLC now owns 4,299 shares of the industrial products company’s stock valued at $402,000 after purchasing an additional 118 shares during the period. Oppenheimer & Co. Inc. grew its stake in shares of AGCO by 0.7% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 17,022 shares of the industrial products company’s stock valued at $1,666,000 after acquiring an additional 126 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in shares of AGCO by 50.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 139 shares during the period. Hedge funds and other institutional investors own 78.80% of the company’s stock.

Analyst Upgrades and Downgrades

AGCO has been the subject of a number of recent research reports. Citigroup cut their price objective on AGCO from $100.00 to $95.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. The Goldman Sachs Group lowered their price target on AGCO from $112.00 to $99.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. JPMorgan Chase & Co. boosted their price target on AGCO from $102.00 to $111.00 and gave the stock an “overweight” rating in a report on Wednesday, January 15th. StockNews.com raised AGCO from a “sell” rating to a “hold” rating in a report on Friday, February 7th. Finally, Morgan Stanley started coverage on AGCO in a report on Tuesday, December 3rd. They issued an “equal weight” rating and a $101.00 price target on the stock. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $107.20.

AGCO Stock Up 1.4 %

Shares of AGCO opened at $97.85 on Wednesday. The stock has a market capitalization of $7.30 billion, a price-to-earnings ratio of -17.20, a price-to-earnings-growth ratio of 1.80 and a beta of 1.25. AGCO Co. has a 1 year low of $84.35 and a 1 year high of $125.76. The business’s 50 day simple moving average is $97.79 and its 200-day simple moving average is $95.94. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.34 and a quick ratio of 0.63.

AGCO (NYSE:AGCO) last released its quarterly 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 negative net margin of 3.64% and a positive return on equity of 13.40%. As a group, equities analysts expect that AGCO Co. will post 4.2 earnings per share for the current fiscal year.

AGCO Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be issued a dividend of $0.29 per share. The ex-dividend date is Friday, February 14th. This represents a $1.16 annualized dividend and a yield of 1.19%. AGCO’s payout ratio is presently -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.