AGCO Co. (NYSE:AGCO) Shares Bought by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC grew its position in shares of AGCO Co. (NYSE:AGCO) by 5.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,185 shares of the industrial products company’s stock after acquiring an additional 763 shares during the quarter. Schechter Investment Advisors LLC’s holdings in AGCO were worth $1,326,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Jones Financial Companies Lllp boosted its holdings in shares of AGCO by 112.3% during the fourth quarter. Jones Financial Companies Lllp now owns 501 shares of the industrial products company’s stock valued at $47,000 after acquiring an additional 265 shares during the period. SRS Capital Advisors Inc. boosted its holdings in shares of AGCO by 7,015.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,352 shares of the industrial products company’s stock valued at $126,000 after acquiring an additional 1,333 shares during the period. US Bancorp DE boosted its holdings in shares of AGCO by 14.5% during the fourth quarter. US Bancorp DE now owns 1,858 shares of the industrial products company’s stock valued at $174,000 after acquiring an additional 235 shares during the period. MMCAP International Inc. SPC boosted its holdings in shares of AGCO by 1.1% during the fourth quarter. MMCAP International Inc. SPC now owns 108,253 shares of the industrial products company’s stock valued at $10,119,000 after acquiring an additional 1,200 shares during the period. Finally, Illinois Municipal Retirement Fund raised its stake in shares of AGCO by 104.4% during the fourth quarter. Illinois Municipal Retirement Fund now owns 37,044 shares of the industrial products company’s stock valued at $3,463,000 after purchasing an additional 18,922 shares in the last quarter. Institutional investors and hedge funds own 78.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AGCO. StockNews.com upgraded shares of AGCO from a “sell” rating to a “hold” rating in a research note on Friday, February 7th. The Goldman Sachs Group cut their price objective on shares of AGCO from $112.00 to $99.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 6th. Morgan Stanley began coverage on shares of AGCO in a research note on Tuesday, December 3rd. They set an “equal weight” rating and a $101.00 price objective on the stock. Robert W. Baird cut shares of AGCO from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $116.00 to $100.00 in a research note on Monday. Finally, Oppenheimer lifted their price objective on shares of AGCO from $108.00 to $109.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $104.30.

AGCO Price Performance

Shares of AGCO stock opened at $90.75 on Tuesday. The company has a current ratio of 1.34, a quick ratio of 0.63 and a debt-to-equity ratio of 0.60. The company’s 50-day moving average price is $98.06 and its two-hundred day moving average price is $96.18. AGCO Co. has a 52 week low of $84.35 and a 52 week high of $125.76. The stock has a market cap of $6.77 billion, a PE ratio of -15.95, a price-to-earnings-growth ratio of 1.80 and a beta of 1.25.

AGCO (NYSE:AGCO) last issued 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 positive return on equity of 13.40% and a negative net margin of 3.64%. As a group, sell-side analysts anticipate that AGCO Co. will post 4.2 EPS for the current fiscal year.

AGCO Announces Dividend

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 paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.28%. AGCO’s dividend payout ratio is currently -20.39%.

AGCO Company 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.