Duality Advisers LP Makes New $696,000 Investment in AGCO Co. (NYSE:AGCO)

Duality Advisers LP bought a new position in shares of AGCO Co. (NYSE:AGCO) during the 4th quarter, HoldingsChannel reports. The fund bought 5,732 shares of the industrial products company’s stock, valued at approximately $696,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. FinTrust Capital Advisors LLC acquired a new position in shares of AGCO during the 3rd quarter worth approximately $26,000. Rakuten Securities Inc. acquired a new position in shares of AGCO during the 4th quarter worth approximately $26,000. Legacy Financial Group LLC acquired a new position in shares of AGCO during the 3rd quarter worth approximately $27,000. BluePath Capital Management LLC acquired a new position in shares of AGCO during the 3rd quarter worth approximately $35,000. Finally, C M Bidwell & Associates Ltd. acquired a new position in shares of AGCO during the 3rd quarter worth approximately $35,000. 78.80% of the stock is currently owned by institutional investors and hedge funds.

AGCO Trading Up 1.0 %

AGCO opened at $118.68 on Thursday. AGCO Co. has a one year low of $105.77 and a one year high of $140.46. The stock has a market capitalization of $8.86 billion, a PE ratio of 7.59, a P/E/G ratio of 0.68 and a beta of 1.31. The business’s 50 day moving average price is $115.64 and its 200 day moving average price is $117.18. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.67 and a current ratio of 1.46.

AGCO (NYSE:AGCO) last released its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $3.78 EPS for the quarter, missing analysts’ consensus estimates of $4.03 by ($0.25). AGCO had a return on equity of 26.96% and a net margin of 8.13%. The firm had revenue of $3.80 billion for the quarter, compared to analyst estimates of $4.03 billion. During the same quarter last year, the company earned $4.47 earnings per share. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. As a group, equities research analysts expect that AGCO Co. will post 13.06 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on AGCO shares. Oppenheimer boosted their target price on AGCO from $153.00 to $154.00 and gave the stock an “outperform” rating in a report on Tuesday, April 16th. Truist Financial began coverage on AGCO in a report on Thursday, March 14th. They issued a “buy” rating and a $142.00 price objective on the stock. StockNews.com cut AGCO from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Finally, JPMorgan Chase & Co. upped their price objective on AGCO from $145.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, April 12th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $150.50.

AGCO 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.