Personal Capital Advisors Corp raised its position in AGCO Co. (NYSE:AGCO) by 54.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,151 shares of the industrial products company’s stock after purchasing an additional 3,594 shares during the period. Personal Capital Advisors Corp’s holdings in AGCO were worth $617,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the business. Amundi Pioneer Asset Management Inc. increased its stake in shares of AGCO by 0.9% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 93,490 shares of the industrial products company’s stock valued at $6,063,000 after acquiring an additional 874 shares during the last quarter. Asset Management One Co. Ltd. increased its stake in shares of AGCO by 0.7% during the 1st quarter. Asset Management One Co. Ltd. now owns 121,363 shares of the industrial products company’s stock valued at $7,871,000 after acquiring an additional 884 shares during the last quarter. FDx Advisors Inc. increased its stake in shares of AGCO by 21.7% during the 2nd quarter. FDx Advisors Inc. now owns 5,483 shares of the industrial products company’s stock valued at $333,000 after acquiring an additional 978 shares during the last quarter. NJ State Employees Deferred Compensation Plan increased its stake in shares of AGCO by 12.5% during the 2nd quarter. NJ State Employees Deferred Compensation Plan now owns 9,000 shares of the industrial products company’s stock valued at $546,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Northpointe Capital LLC increased its stake in shares of AGCO by 2.0% during the 2nd quarter. Northpointe Capital LLC now owns 52,601 shares of the industrial products company’s stock valued at $3,194,000 after acquiring an additional 1,030 shares during the last quarter. Institutional investors own 84.85% of the company’s stock.
A number of research analysts have recently commented on the stock. OTR Global downgraded shares of AGCO to a “$60.18” rating in a research note on Wednesday, July 18th. ValuEngine raised shares of AGCO from a “sell” rating to a “hold” rating in a research note on Tuesday, October 2nd. JPMorgan Chase & Co. downgraded shares of AGCO from a “neutral” rating to an “underweight” rating and set a $55.00 price objective for the company. in a research note on Monday, August 13th. Jefferies Financial Group reissued a “hold” rating and set a $70.00 target price on shares of AGCO in a research report on Friday, July 20th. Finally, TheStreet raised shares of AGCO from a “c+” rating to a “b-” rating in a research report on Tuesday, July 31st. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $71.00.
AGCO opened at $55.46 on Friday. The company has a market cap of $4.81 billion, a P/E ratio of 18.36, a price-to-earnings-growth ratio of 1.02 and a beta of 0.70. AGCO Co. has a 1 year low of $54.47 and a 1 year high of $75.95. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.42 and a quick ratio of 0.63.
AGCO (NYSE:AGCO) last posted its earnings results on Tuesday, July 31st. The industrial products company reported $1.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.04. The firm had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.45 billion. AGCO had a net margin of 2.44% and a return on equity of 9.31%. The company’s revenue was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.15 EPS. On average, analysts expect that AGCO Co. will post 3.78 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 14th. Shareholders of record on Wednesday, August 15th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend was Tuesday, August 14th. AGCO’s dividend payout ratio is presently 19.87%.
AGCO Company Profile
AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. The company offers high horsepower tractors for larger farms, primarily for row crop production; 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, and residential uses.
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