AGCO Co. (NYSE:AGCO) Shares Acquired by CX Institutional

CX Institutional lifted its stake in shares of AGCO Co. (NYSE:AGCO) by 2.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,386 shares of the industrial products company’s stock after purchasing an additional 1,236 shares during the period. CX Institutional owned about 0.07% of AGCO worth $4,617,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of AGCO. First Horizon Advisors Inc. raised its holdings in AGCO by 28.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 526 shares of the industrial products company’s stock valued at $51,000 after buying an additional 117 shares during the period. Inspire Investing LLC increased its position in shares of AGCO by 2.8% during the fourth quarter. Inspire Investing LLC now owns 4,299 shares of the industrial products company’s stock valued at $402,000 after acquiring an additional 118 shares during the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of AGCO by 0.7% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 17,022 shares of the industrial products company’s stock valued at $1,666,000 after acquiring an additional 126 shares during the period. Farther Finance Advisors LLC raised its stake in shares of AGCO by 50.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 139 shares during the period. Finally, OLD National Bancorp IN boosted its position in shares of AGCO by 4.1% during the 3rd quarter. OLD National Bancorp IN now owns 3,880 shares of the industrial products company’s stock worth $380,000 after purchasing an additional 152 shares during the period. Institutional investors and hedge funds own 78.80% of the company’s stock.

AGCO Price Performance

AGCO stock opened at $105.17 on Friday. The company has a market cap of $7.85 billion, a P/E ratio of 46.53, a price-to-earnings-growth ratio of 1.03 and a beta of 1.25. AGCO Co. has a one year low of $84.35 and a one year high of $130.26. The business has a fifty day moving average of $96.69 and a two-hundred day moving average of $95.25. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.72 and a current ratio of 1.53.

AGCO (NYSE:AGCO) last released its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.40). AGCO had a return on equity of 15.79% and a net margin of 1.35%. The company had revenue of $2.60 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same period last year, the firm earned $3.97 earnings per share. The business’s revenue was down 24.8% compared to the same quarter last year. As a group, analysts predict that AGCO Co. will post 7.33 earnings per share for the current fiscal year.

AGCO Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.16 annualized dividend and a yield of 1.10%. AGCO’s payout ratio is 51.33%.

Analyst Ratings Changes

AGCO has been the topic of a number of research analyst reports. The Goldman Sachs Group cut their target price on AGCO from $112.00 to $99.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 6th. StockNews.com upgraded AGCO from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. Oppenheimer lowered their target price on AGCO from $131.00 to $111.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Citigroup cut their price target on shares of AGCO from $100.00 to $95.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. raised their price objective on shares of AGCO from $102.00 to $111.00 and gave the company an “overweight” rating in a research note on Wednesday, January 15th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, AGCO has an average rating of “Hold” and a consensus target price of $107.40.

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.