CIBC Asset Management Inc Has $212,000 Stake in AGCO Co. (NYSE:AGCO)

CIBC Asset Management Inc boosted its stake in AGCO Co. (NYSE:AGCO) by 5.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,265 shares of the industrial products company’s stock after buying an additional 110 shares during the quarter. CIBC Asset Management Inc’s holdings in AGCO were worth $212,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of AGCO. Pacer Advisors Inc. boosted its stake in AGCO by 34.3% in the 3rd 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 in the last quarter. Barclays PLC boosted its stake in AGCO by 386.8% in the 3rd quarter. Barclays PLC now owns 249,209 shares of the industrial products company’s stock valued at $24,389,000 after buying an additional 198,014 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in AGCO by 67.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 457,175 shares of the industrial products company’s stock valued at $44,739,000 after purchasing an additional 183,688 shares during the last quarter. Principal Financial Group Inc. raised its position in AGCO by 28.2% in the 3rd quarter. Principal Financial Group Inc. now owns 684,249 shares of the industrial products company’s stock valued at $66,959,000 after purchasing an additional 150,656 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC bought a new position in AGCO in the 3rd quarter valued at $13,242,000. Institutional investors and hedge funds own 78.80% of the company’s stock.

AGCO Trading Down 1.0 %

AGCO stock opened at $96.95 on Thursday. The business has a fifty day moving average of $97.85 and a 200-day moving average of $95.95. The company has a market cap of $7.24 billion, a P/E ratio of -17.04, a PEG ratio of 1.80 and a beta of 1.25. The company has a quick ratio of 0.63, a current ratio of 1.34 and a debt-to-equity ratio of 0.60. AGCO Co. has a twelve month low of $84.35 and a twelve month high of $125.76.

AGCO (NYSE:AGCO) last released its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.97 EPS for the quarter, missing analysts’ consensus estimates 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 research analysts expect that AGCO Co. will post 4.2 EPS for the current year.

AGCO Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders 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 1.20%. AGCO’s payout ratio is -20.39%.

Wall Street Analyst Weigh In

AGCO has been the subject of several research analyst reports. Truist Financial lifted their price objective on AGCO from $109.00 to $118.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. StockNews.com upgraded AGCO from a “sell” rating to a “hold” rating in a research report on Friday, February 7th. Citigroup cut their price objective on AGCO from $100.00 to $95.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. JPMorgan Chase & Co. lifted their price objective on AGCO from $102.00 to $111.00 and gave the company an “overweight” rating in a research report on Wednesday, January 15th. Finally, Morgan Stanley assumed coverage on AGCO in a research report on Tuesday, December 3rd. They issued an “equal weight” rating and a $101.00 price objective for the company. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, AGCO has an average rating of “Hold” and a consensus price target of $107.20.

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.