Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Has $373,000 Stake in AGCO Co. (NYSE:AGCO)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of AGCO Co. (NYSE:AGCOGet Rating) by 8.5% in the third quarter, Holdings Channel.com reports. The firm owned 3,874 shares of the industrial products company’s stock after buying an additional 302 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in AGCO were worth $373,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of AGCO by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 6,453,637 shares of the industrial products company’s stock worth $942,424,000 after buying an additional 106,593 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of AGCO by 1.2% in the 2nd quarter. Nordea Investment Management AB now owns 2,065,285 shares of the industrial products company’s stock worth $201,220,000 after buying an additional 24,655 shares during the last quarter. State Street Corp boosted its stake in shares of AGCO by 0.9% in the 2nd quarter. State Street Corp now owns 1,689,342 shares of the industrial products company’s stock worth $166,738,000 after buying an additional 14,998 shares during the last quarter. Pictet Asset Management SA boosted its stake in shares of AGCO by 7.1% in the 2nd quarter. Pictet Asset Management SA now owns 1,012,952 shares of the industrial products company’s stock worth $99,978,000 after buying an additional 67,317 shares during the last quarter. Finally, Pendal Group Ltd boosted its stake in shares of AGCO by 12.7% in the 2nd quarter. Pendal Group Ltd now owns 874,033 shares of the industrial products company’s stock worth $86,267,000 after buying an additional 98,179 shares during the last quarter. Institutional investors and hedge funds own 75.48% of the company’s stock.

Insider Transactions at AGCO

In other news, Director George E. Minnich sold 1,500 shares of the company’s stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $123.70, for a total value of $185,550.00. Following the transaction, the director now owns 12,543 shares of the company’s stock, valued at $1,551,569.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 17.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AGCO. Stifel Nicolaus boosted their target price on AGCO from $150.00 to $168.00 and gave the stock a “buy” rating in a research note on Wednesday, January 18th. Citigroup upped their price objective on AGCO to $150.00 in a research note on Wednesday, December 14th. JPMorgan Chase & Co. upped their price objective on AGCO from $135.00 to $155.00 and gave the company an “overweight” rating in a research note on Tuesday, December 13th. Morgan Stanley upped their price objective on AGCO from $119.00 to $129.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 14th. Finally, Robert W. Baird started coverage on AGCO in a research note on Tuesday, September 27th. They issued an “outperform” rating and a $156.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $153.70.

AGCO Trading Up 1.3 %

Shares of AGCO stock opened at $137.09 on Monday. The company’s fifty day simple moving average is $133.40 and its two-hundred day simple moving average is $116.82. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.58 and a quick ratio of 0.66. AGCO Co. has a 1 year low of $88.55 and a 1 year high of $150.28. The stock has a market capitalization of $10.23 billion, a price-to-earnings ratio of 12.10, a PEG ratio of 0.96 and a beta of 1.39.

AGCO (NYSE:AGCOGet Rating) last issued its earnings results on Tuesday, November 1st. The industrial products company reported $3.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.12 by $0.06. AGCO had a net margin of 7.13% and a return on equity of 23.61%. The business had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.30 billion. During the same quarter in the previous year, the firm posted $2.41 EPS. The business’s revenue for the quarter was up 13.8% compared to the same quarter last year. As a group, analysts anticipate that AGCO Co. will post 11.86 earnings per share for the current year.

AGCO Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Wednesday, February 15th will be issued a $0.24 dividend. The ex-dividend date is Tuesday, February 14th. This represents a $0.96 annualized dividend and a dividend yield of 0.70%. AGCO’s payout ratio is currently 8.47%.

AGCO Company Profile

(Get Rating)

AGCO Corp. engages in the manufacture and distribution of agricultural equipment and related replacement parts. It operates through the following geographic segments: North America, South America, Europe and Middle East, and Asia, Pacific, and Africa. The Asia/Pacific/Africa segment includes the regions of Australia and New Zealand.

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Institutional Ownership by Quarter for AGCO (NYSE:AGCO)

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