Union Bancaire Privee UBP SA Invests $844,000 in AGCO Co. (NYSE:AGCO)

Union Bancaire Privee UBP SA purchased a new position in AGCO Co. (NYSE:AGCO) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 9,061 shares of the industrial products company’s stock, valued at approximately $844,000.

A number of other large investors have also recently made changes to their positions in AGCO. Pacer Advisors Inc. boosted its stake in AGCO by 34.3% during the third quarter. Pacer Advisors Inc. now owns 2,110,408 shares of the industrial products company’s stock valued at $206,525,000 after buying an additional 538,955 shares during the period. State Street Corp lifted its stake in AGCO by 4.3% during the third quarter. State Street Corp now owns 1,978,963 shares of the industrial products company’s stock worth $193,661,000 after purchasing an additional 80,846 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in AGCO by 3.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,857,505 shares of the industrial products company’s stock worth $181,775,000 after purchasing an additional 66,303 shares during the last quarter. Geode Capital Management LLC lifted its stake in AGCO by 7.2% during the third quarter. Geode Capital Management LLC now owns 1,205,227 shares of the industrial products company’s stock worth $121,121,000 after purchasing an additional 80,516 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in AGCO by 28.2% during the third quarter. Principal Financial Group Inc. now owns 684,249 shares of the industrial products company’s stock worth $66,959,000 after purchasing an additional 150,656 shares during the last quarter. 78.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. lifted their price target on AGCO from $102.00 to $111.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 15th. Citigroup decreased their price objective on AGCO from $100.00 to $95.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Morgan Stanley began coverage on AGCO in a report on Tuesday, December 3rd. They issued an “equal weight” rating and a $101.00 price objective on the stock. StockNews.com upgraded AGCO from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. Finally, The Goldman Sachs Group decreased their price objective on AGCO from $112.00 to $99.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $107.20.

AGCO Stock Down 1.6 %

Shares of NYSE:AGCO opened at $105.03 on Wednesday. AGCO Co. has a 1 year low of $84.35 and a 1 year high of $130.26. The company has a market cap of $7.84 billion, a PE ratio of 46.47, a P/E/G ratio of 1.03 and a beta of 1.25. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 0.72. The stock’s 50-day moving average is $97.20 and its 200 day moving average is $95.39.

AGCO (NYSE:AGCO) last announced its quarterly 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 business had revenue of $2.60 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the prior year, the firm earned $3.97 EPS. The firm’s revenue for the quarter was down 24.8% on a year-over-year basis. Sell-side analysts anticipate that AGCO Co. will post 7.33 EPS for the current year.

AGCO Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Friday, February 14th. AGCO’s dividend payout ratio is currently 51.33%.

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.