AGCO (NYSE:AGCO) Stock Rating Lowered by Baird R W

Baird R W lowered shares of AGCO (NYSE:AGCO) from a strong-buy rating to a hold rating in a research note released on Monday morning,Zacks.com reports.

A number of other research analysts also recently issued reports on AGCO. StockNews.com upgraded shares of AGCO from a “sell” rating to a “hold” rating in a research report on Friday, February 7th. Robert W. Baird downgraded shares of AGCO from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $116.00 to $100.00 in a research report on Monday. Morgan Stanley started coverage on shares of AGCO in a research report on Tuesday, December 3rd. They set an “equal weight” rating and a $101.00 target price on the stock. JPMorgan Chase & Co. upped their price objective on shares of AGCO from $102.00 to $111.00 and gave the stock an “overweight” rating in a report on Wednesday, January 15th. Finally, The Goldman Sachs Group lowered their price objective on shares of AGCO from $112.00 to $99.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $104.30.

AGCO Stock Down 6.4 %

Shares of NYSE AGCO opened at $90.75 on Monday. The company has a market capitalization of $6.77 billion, a P/E ratio of -15.95, a price-to-earnings-growth ratio of 1.80 and a beta of 1.25. AGCO has a 52-week low of $84.35 and a 52-week high of $125.76. 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’s 50 day moving average price is $98.06 and its 200-day moving average price is $96.18.

AGCO (NYSE:AGCO) last released its earnings results on Thursday, February 6th. The industrial products company reported $1.97 earnings per share (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%. Equities analysts forecast that AGCO will post 4.2 earnings per share for the current year.

AGCO Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.28%. AGCO’s payout ratio is -20.39%.

Institutional Trading of AGCO

Several institutional investors have recently made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of AGCO in the 4th quarter worth $9,086,000. Great Valley Advisor Group Inc. grew its stake in shares of AGCO by 8.1% in the 4th quarter. Great Valley Advisor Group Inc. now owns 36,567 shares of the industrial products company’s stock worth $3,418,000 after acquiring an additional 2,747 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of AGCO in the 4th quarter worth $3,031,000. Vise Technologies Inc. bought a new stake in shares of AGCO in the 4th quarter worth $294,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of AGCO by 534.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,901,790 shares of the industrial products company’s stock worth $271,259,000 after acquiring an additional 2,444,615 shares in the last quarter. Institutional investors own 78.80% of the company’s stock.

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.