Hood River Capital Management LLC Has $12.12 Million Holdings in AGCO Co. (AGCO)
Hood River Capital Management LLC raised its stake in AGCO Co. (NYSE:AGCO) by 190,543.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 169,673 shares of the industrial products company’s stock after purchasing an additional 169,584 shares during the period. Hood River Capital Management LLC’s holdings in AGCO were worth $12,120,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently bought and sold shares of the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in AGCO by 305.1% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 34,792 shares of the industrial products company’s stock valued at $2,506,000 after purchasing an additional 26,204 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in AGCO in the third quarter worth about $428,000. Gabelli Funds LLC boosted its holdings in AGCO by 42.9% in the third quarter. Gabelli Funds LLC now owns 10,000 shares of the industrial products company’s stock worth $738,000 after acquiring an additional 3,000 shares in the last quarter. Legal & General Group Plc boosted its holdings in AGCO by 10.6% in the third quarter. Legal & General Group Plc now owns 162,429 shares of the industrial products company’s stock worth $11,981,000 after acquiring an additional 15,522 shares in the last quarter. Finally, Hermes Investment Management Ltd. boosted its holdings in AGCO by 52.6% in the fourth quarter. Hermes Investment Management Ltd. now owns 10,073 shares of the industrial products company’s stock worth $720,000 after acquiring an additional 3,473 shares in the last quarter. Institutional investors own 82.29% of the company’s stock.
Shares of AGCO Co. (AGCO) opened at $67.99 on Monday. The company has a current ratio of 1.37, a quick ratio of 0.66 and a debt-to-equity ratio of 0.52. AGCO Co. has a twelve month low of $58.00 and a twelve month high of $75.95. The company has a market capitalization of $5,408.56, a PE ratio of 22.51, a P/E/G ratio of 1.49 and a beta of 0.77.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, February 15th will be issued a dividend of $0.15 per share. This is an increase from AGCO’s previous quarterly dividend of $0.14. The ex-dividend date is Wednesday, February 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.88%. AGCO’s payout ratio is 24.14%.
In related news, SVP Robert B. Crain sold 7,000 shares of AGCO stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $70.72, for a total transaction of $495,040.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 16.60% of the company’s stock.
Several brokerages have weighed in on AGCO. JPMorgan Chase & Co. raised AGCO from an “underweight” rating to a “neutral” rating in a report on Wednesday, February 7th. Goldman Sachs Group raised AGCO from a “neutral” rating to a “buy” rating and set a $90.00 price target for the company in a report on Thursday, November 30th. Piper Jaffray Companies set a $68.00 price target on AGCO and gave the stock a “hold” rating in a report on Wednesday, November 1st. UBS Group reissued a “neutral” rating on shares of AGCO in a report on Friday, October 20th. Finally, Barclays began coverage on AGCO in a report on Tuesday, December 12th. They issued an “equal weight” rating and a $75.00 price target for the company. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the stock. AGCO presently has a consensus rating of “Hold” and an average target price of $73.07.
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AGCO Corporation is a manufacturer and distributor of agricultural equipment and related replacement parts. The Company sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage equipment, implements, and grain storage and protein production systems.
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