Wedge Capital Management L L P NC Has $11.17 Million Stake in AGCO Co. (NYSE:AGCO)

Wedge Capital Management L L P NC trimmed its stake in shares of AGCO Co. (NYSE:AGCO) by 10.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 119,516 shares of the industrial products company’s stock after selling 13,455 shares during the period. Wedge Capital Management L L P NC owned approximately 0.16% of AGCO worth $11,172,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Gateway Investment Advisers LLC bought a new stake in shares of AGCO during the fourth quarter worth approximately $311,000. Assenagon Asset Management S.A. raised its stake in shares of AGCO by 96.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 24,473 shares of the industrial products company’s stock worth $2,288,000 after buying an additional 12,031 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of AGCO by 5.5% during the fourth quarter. Nordea Investment Management AB now owns 78,808 shares of the industrial products company’s stock worth $7,392,000 after buying an additional 4,143 shares during the last quarter. Everence Capital Management Inc. bought a new stake in shares of AGCO during the fourth quarter worth approximately $236,000. Finally, GAMMA Investing LLC raised its stake in shares of AGCO by 174.7% during the fourth quarter. GAMMA Investing LLC now owns 544 shares of the industrial products company’s stock worth $51,000 after buying an additional 346 shares during the last quarter. 78.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Citigroup dropped their price target on shares of AGCO from $100.00 to $95.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. The Goldman Sachs Group lowered their target price on shares of AGCO from $112.00 to $99.00 and set a “neutral” rating for the company in a research note on Wednesday, November 6th. JPMorgan Chase & Co. upped their target price on shares of AGCO from $102.00 to $111.00 and gave the company an “overweight” rating in a research note on Wednesday. Oppenheimer lowered their target price on shares of AGCO from $131.00 to $111.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Finally, StockNews.com raised shares of AGCO from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $107.40.

AGCO Stock Up 1.9 %

AGCO stock opened at $101.89 on Friday. The stock has a market capitalization of $7.61 billion, a PE ratio of 45.08, a price-to-earnings-growth ratio of 0.90 and a beta of 1.25. AGCO Co. has a twelve month low of $84.35 and a twelve month high of $130.26. The company has a quick ratio of 0.72, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The company has a 50 day moving average of $95.47 and a 200-day moving average of $94.96.

AGCO (NYSE:AGCO) last released its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.40). AGCO had a net margin of 1.35% and a return on equity of 15.79%. The company had revenue of $2.60 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same quarter last year, the company earned $3.97 EPS. The firm’s quarterly revenue was down 24.8% compared to the same quarter last year. On average, equities research analysts anticipate that AGCO Co. will post 7.34 EPS for the current fiscal year.

AGCO Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Friday, February 14th. AGCO’s payout ratio is 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.