Jones Financial Companies Lllp Purchases 265 Shares of AGCO Co. (NYSE:AGCO)

Jones Financial Companies Lllp lifted its position in AGCO Co. (NYSE:AGCO) by 112.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 501 shares of the industrial products company’s stock after acquiring an additional 265 shares during the period. Jones Financial Companies Lllp’s holdings in AGCO were worth $47,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. SRS Capital Advisors Inc. lifted its stake in shares of AGCO by 7,015.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,352 shares of the industrial products company’s stock worth $126,000 after buying an additional 1,333 shares in the last quarter. US Bancorp DE lifted its stake in shares of AGCO by 14.5% in the fourth quarter. US Bancorp DE now owns 1,858 shares of the industrial products company’s stock worth $174,000 after buying an additional 235 shares in the last quarter. MMCAP International Inc. SPC lifted its stake in shares of AGCO by 1.1% in the fourth quarter. MMCAP International Inc. SPC now owns 108,253 shares of the industrial products company’s stock worth $10,119,000 after buying an additional 1,200 shares in the last quarter. Illinois Municipal Retirement Fund lifted its stake in shares of AGCO by 104.4% in the fourth quarter. Illinois Municipal Retirement Fund now owns 37,044 shares of the industrial products company’s stock worth $3,463,000 after buying an additional 18,922 shares in the last quarter. Finally, Amalgamated Bank lifted its stake in shares of AGCO by 1.1% in the fourth quarter. Amalgamated Bank now owns 29,510 shares of the industrial products company’s stock worth $2,759,000 after buying an additional 315 shares in the last quarter. Institutional investors own 78.80% of the company’s stock.

AGCO Stock Down 0.4 %

Shares of AGCO stock opened at $94.89 on Wednesday. AGCO Co. has a 12 month low of $84.35 and a 12 month high of $125.76. The stock has a market cap of $7.08 billion, a P/E ratio of -16.68, a P/E/G ratio of 1.80 and a beta of 1.24. 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 has a 50 day simple moving average of $98.60 and a two-hundred day simple moving average of $96.64.

AGCO (NYSE:AGCO) last announced its earnings results 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%. On average, research analysts expect that AGCO Co. will post 4.2 earnings per share for the current year.

AGCO Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were paid a $0.29 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.22%. AGCO’s dividend payout ratio (DPR) is presently -20.39%.

Wall Street Analyst Weigh In

AGCO has been the subject of several research reports. Oppenheimer boosted their price objective on shares of AGCO from $108.00 to $109.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. JPMorgan Chase & Co. boosted their price objective on shares of AGCO from $102.00 to $111.00 and gave the company an “overweight” rating in a report on Wednesday, January 15th. Baird R W cut shares of AGCO from a “strong-buy” rating to a “hold” rating in a report on Monday, March 3rd. Morgan Stanley initiated coverage on shares of AGCO in a report on Tuesday, December 3rd. They set an “equal weight” rating and a $101.00 price objective for the company. Finally, Citigroup boosted their price objective on shares of AGCO from $95.00 to $98.00 and gave the company a “neutral” rating in a report on Monday. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, AGCO currently has an average rating of “Hold” and an average price target of $104.60.

About AGCO

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.