SG Americas Securities LLC purchased a new stake in AGCO Co. (NYSE:AGCO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 15,821 shares of the industrial products company’s stock, valued at approximately $877,000.
Several other large investors have also added to or reduced their stakes in AGCO. FDx Advisors Inc. raised its holdings in shares of AGCO by 181.9% in the 1st quarter. FDx Advisors Inc. now owns 10,378 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 6,696 shares in the last quarter. Bartlett & Co. LLC bought a new position in shares of AGCO during the 1st quarter valued at about $47,000. Ellevest Inc. increased its position in shares of AGCO by 96.3% during the 2nd quarter. Ellevest Inc. now owns 997 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 489 shares during the last quarter. Pendal Group Ltd increased its position in shares of AGCO by 95.0% during the 1st quarter. Pendal Group Ltd now owns 2,192 shares of the industrial products company’s stock valued at $104,000 after purchasing an additional 1,068 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of AGCO by 806.6% during the 1st quarter. Tower Research Capital LLC TRC now owns 3,282 shares of the industrial products company’s stock valued at $155,000 after purchasing an additional 2,920 shares during the last quarter. 78.38% of the stock is currently owned by hedge funds and other institutional investors.
AGCO has been the topic of several recent research reports. JPMorgan Chase & Co. reduced their price objective on AGCO from $62.00 to $57.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. Deutsche Bank lowered AGCO from a “buy” rating to a “hold” rating and set a $60.00 price objective on the stock. in a research report on Tuesday, June 30th. Bank of America upgraded AGCO from an “underperform” rating to a “neutral” rating and set a $68.00 price objective on the stock in a research report on Wednesday, July 22nd. Jefferies Financial Group restated a “buy” rating on shares of AGCO in a research report on Monday, July 6th. Finally, Barclays restated a “sell” rating and set a $54.00 price target on shares of AGCO in a research report on Thursday, April 16th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. AGCO has a consensus rating of “Hold” and an average target price of $69.13.
NYSE AGCO opened at $65.63 on Friday. AGCO Co. has a fifty-two week low of $35.33 and a fifty-two week high of $81.39. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.63 and a current ratio of 1.48. The stock has a 50 day simple moving average of $57.41 and a two-hundred day simple moving average of $57.41. The stock has a market cap of $4.91 billion, a P/E ratio of 92.44, a price-to-earnings-growth ratio of 5.08 and a beta of 1.14.
AGCO (NYSE:AGCO) last released its earnings results on Thursday, July 30th. The industrial products company reported $1.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $1.04. The company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.74 billion. AGCO had a return on equity of 9.99% and a net margin of 0.63%. Sell-side analysts predict that AGCO Co. will post 3.63 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date is Thursday, August 13th. AGCO’s payout ratio is presently 14.41%.
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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