Sei Investments Co. Has $16.66 Million Stock Position in AGCO Co. (NYSE:AGCO)

Sei Investments Co. boosted its stake in shares of AGCO Co. (NYSE:AGCO) by 31.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 178,175 shares of the industrial products company’s stock after buying an additional 43,119 shares during the quarter. Sei Investments Co.’s holdings in AGCO were worth $16,655,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of AGCO. American Century Companies Inc. raised its position in shares of AGCO by 11.4% during the fourth quarter. American Century Companies Inc. now owns 124,696 shares of the industrial products company’s stock valued at $11,657,000 after buying an additional 12,780 shares during the last quarter. Quantbot Technologies LP raised its holdings in AGCO by 335.3% in the 4th quarter. Quantbot Technologies LP now owns 46,758 shares of the industrial products company’s stock valued at $4,371,000 after acquiring an additional 36,017 shares in the last quarter. Semanteon Capital Management LP bought a new stake in shares of AGCO in the 4th quarter worth approximately $212,000. Royal London Asset Management Ltd. grew its holdings in shares of AGCO by 21.6% during the 4th quarter. Royal London Asset Management Ltd. now owns 758,236 shares of the industrial products company’s stock worth $70,880,000 after purchasing an additional 134,651 shares in the last quarter. Finally, Xponance Inc. increased its position in shares of AGCO by 4.1% during the fourth quarter. Xponance Inc. now owns 10,616 shares of the industrial products company’s stock valued at $992,000 after purchasing an additional 415 shares during the period. 78.80% of the stock is owned by institutional investors.

AGCO Trading Up 1.6 %

Shares of AGCO opened at $98.85 on Friday. The stock has a fifty day moving average price of $98.72 and a two-hundred day moving average price of $96.86. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.63 and a current ratio of 1.34. The company has a market cap of $7.37 billion, a price-to-earnings ratio of -17.37, a PEG ratio of 1.80 and a beta of 1.24. AGCO Co. has a 52-week low of $84.35 and a 52-week high of $125.76.

AGCO (NYSE:AGCO) last issued its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.04). AGCO had a positive return on equity of 13.40% and a negative net margin of 3.64%. Analysts predict that AGCO Co. will post 4.2 EPS for the current fiscal year.

AGCO Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend was Friday, February 14th. AGCO’s dividend payout ratio is currently -20.39%.

Analyst Upgrades and Downgrades

AGCO has been the subject of several research reports. Baird R W cut AGCO from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 3rd. Citigroup raised their price objective on shares of AGCO from $95.00 to $98.00 and gave the stock a “neutral” rating in a report on Monday, March 17th. Truist Financial upped their target price on shares of AGCO from $109.00 to $118.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Oppenheimer raised their price target 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. Finally, Morgan Stanley assumed coverage on AGCO in a report on Tuesday, December 3rd. They issued an “equal weight” rating and a $101.00 target price for the company. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $104.60.

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.