Charles Schwab Investment Management Inc. Buys 15,531 Shares of AGCO Co. (NYSE:AGCO)

Charles Schwab Investment Management Inc. lifted its stake in AGCO Co. (NYSE:AGCO) by 3.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 469,669 shares of the industrial products company’s stock after buying an additional 15,531 shares during the period. Charles Schwab Investment Management Inc. owned about 0.63% of AGCO worth $43,905,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Deroy & Devereaux Private Investment Counsel Inc. bought a new position in shares of AGCO in the fourth quarter valued at approximately $3,144,000. Gateway Investment Advisers LLC acquired a new stake in AGCO during the 4th quarter worth $311,000. Olstein Capital Management L.P. grew its holdings in AGCO by 20.8% during the 4th quarter. Olstein Capital Management L.P. now owns 14,500 shares of the industrial products company’s stock worth $1,355,000 after acquiring an additional 2,500 shares during the period. M&T Bank Corp grew its holdings in AGCO by 133.0% during the 3rd quarter. M&T Bank Corp now owns 84,441 shares of the industrial products company’s stock worth $8,263,000 after acquiring an additional 48,198 shares during the period. Finally, Royal London Asset Management Ltd. grew its holdings in AGCO by 2.0% during the 3rd quarter. Royal London Asset Management Ltd. now owns 623,585 shares of the industrial products company’s stock worth $61,024,000 after acquiring an additional 12,328 shares during the period. Institutional investors own 78.80% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of AGCO from $102.00 to $111.00 and gave the stock an “overweight” rating in a report on Wednesday, January 15th. Morgan Stanley assumed coverage on shares of AGCO in a research report on Tuesday, December 3rd. They issued an “equal weight” rating and a $101.00 price objective on the stock. Oppenheimer increased their price objective on shares of AGCO from $108.00 to $109.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. StockNews.com upgraded shares of AGCO from a “sell” rating to a “hold” rating in a research note on Friday, February 7th. Finally, Baird R W downgraded shares of AGCO from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 3rd. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $104.30.

AGCO Stock Up 2.1 %

AGCO stock opened at $94.10 on Friday. The stock has a market cap of $7.02 billion, a P/E ratio of -16.54, a P/E/G ratio of 1.80 and a beta of 1.24. 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. The company’s 50-day moving average price is $98.45 and its two-hundred day moving average price is $96.49.

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, 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 was paid on Friday, March 14th. Stockholders 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 annualized dividend and a dividend yield of 1.23%. AGCO’s dividend payout ratio is presently -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.