AGCO Co. (NYSE:AGCO) Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in AGCO Co. (NYSE:AGCO) by 173,056.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,947 shares of the industrial products company’s stock after purchasing an additional 51,917 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.07% of AGCO worth $4,795,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. CIBC Asset Management Inc increased its position in AGCO by 5.1% during the 4th quarter. CIBC Asset Management Inc now owns 2,265 shares of the industrial products company’s stock worth $212,000 after purchasing an additional 110 shares in the last quarter. Inspire Investing LLC increased its position in shares of AGCO by 2.8% in the fourth quarter. Inspire Investing LLC now owns 4,299 shares of the industrial products company’s stock worth $402,000 after acquiring an additional 118 shares in the last quarter. Arizona State Retirement System raised its stake in shares of AGCO by 0.8% in the 4th quarter. Arizona State Retirement System now owns 18,414 shares of the industrial products company’s stock valued at $1,721,000 after acquiring an additional 150 shares during the period. UMB Bank n.a. lifted its holdings in shares of AGCO by 84.2% during the 4th quarter. UMB Bank n.a. now owns 337 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 154 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its position in AGCO by 30.8% during the 4th quarter. First Horizon Advisors Inc. now owns 688 shares of the industrial products company’s stock worth $64,000 after purchasing an additional 162 shares during the period. 78.80% of the stock is owned by hedge funds and other institutional investors.

AGCO Price Performance

AGCO opened at $92.69 on Wednesday. The company has a market capitalization of $6.91 billion, a P/E ratio of -16.29, a PEG ratio of 1.80 and a beta of 1.24. The company has a 50-day moving average of $98.16 and a 200-day moving average of $97.03. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.63 and a current ratio of 1.34. AGCO Co. has a 1-year low of $84.35 and a 1-year high of $125.76.

AGCO (NYSE:AGCO) last announced its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.97 earnings per share (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%. Equities analysts expect that AGCO Co. will post 4.2 EPS for the current fiscal year.

AGCO Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.25%. AGCO’s dividend payout ratio (DPR) is -20.39%.

Analysts Set New Price Targets

Several research firms have commented on AGCO. Robert W. Baird lowered 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 report on Monday, March 3rd. Baird R W lowered AGCO from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 3rd. StockNews.com upgraded AGCO from a “sell” rating to a “hold” rating in a report on Friday, February 7th. JPMorgan Chase & Co. lifted their price objective on shares of AGCO from $102.00 to $111.00 and gave the company an “overweight” rating in a research note on Wednesday, January 15th. Finally, Oppenheimer upped their target price 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. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $104.60.

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.