Agco Corp. (AGCO) Position Held by Court Place Advisors LLC
Court Place Advisors LLC held its position in Agco Corp. (NYSE:AGCO) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,875 shares of the company’s stock at the end of the second quarter. Court Place Advisors LLC’s holdings in Agco Corp. were worth $324,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of the stock. Ladenburg Thalmann Financial Services Inc. raised its position in Agco Corp. by 2.6% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,143 shares of the company’s stock valued at $156,000 after buying an additional 80 shares during the period. Seven Eight Capital LLC bought a new position in Agco Corp. during the first quarter valued at $226,000. Huntington Asset Advisors Inc. bought a new position in Agco Corp. during the first quarter valued at $231,000. Dalton Greiner Hartman Maher & Co. bought a new position in Agco Corp. during the second quarter valued at $276,000. Finally, Springbok Capital Management LLC raised its position in Agco Corp. by 34.0% in the first quarter. Springbok Capital Management LLC now owns 6,700 shares of the company’s stock valued at $333,000 after buying an additional 1,700 shares during the period. Institutional investors own 88.78% of the company’s stock.
Agco Corp. (NYSE:AGCO) traded down 0.15% during midday trading on Tuesday, reaching $47.00. The company’s stock had a trading volume of 462,573 shares. Agco Corp. has a 52 week low of $41.91 and a 52 week high of $56.00. The firm has a 50 day moving average price of $47.91 and a 200-day moving average price of $50.03. The firm has a market cap of $3.81 billion, a P/E ratio of 21.12 and a beta of 1.44.
Agco Corp. (NYSE:AGCO) last posted its quarterly earnings data on Thursday, August 4th. The company reported $1.02 EPS for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.10. Agco Corp. had a net margin of 2.58% and a return on equity of 7.72%. The company earned $2 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the prior year, the business posted $1.25 EPS. The company’s quarterly revenue was down 3.6% on a year-over-year basis. On average, analysts forecast that Agco Corp. will post $2.31 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Monday, August 15th were paid a $0.13 dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $0.52 annualized dividend and a yield of 1.11%. Agco Corp.’s dividend payout ratio (DPR) is currently 23.64%.
Several equities analysts have weighed in on the company. Zacks Investment Research upgraded Agco Corp. from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a report on Tuesday, June 21st. Citigroup Inc. dropped their price objective on Agco Corp. from $55.00 to $53.00 and set a “neutral” rating on the stock in a research note on Friday, July 15th. Piper Jaffray Cos. lowered Agco Corp. from a “neutral” rating to an “underweight” rating and set a $37.00 price objective on the stock. in a research note on Monday, July 25th. Morgan Stanley set a $54.00 price objective on Agco Corp. and gave the stock a “hold” rating in a research note on Saturday. Finally, Barclays PLC reiterated an “equal weight” rating and issued a $43.00 price objective on shares of Agco Corp. in a research note on Tuesday, July 12th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the stock. Agco Corp. has an average rating of “Hold” and an average target price of $47.92.
Agco Corp. Company Profile
AGCO Corporation is a manufacturer and distributor of agricultural equipment and related replacement parts around the world. The Company sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage, implements, and grain storage and protein production systems.
Want to see what other hedge funds are holding AGCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Agco Corp. (NYSE:AGCO).
Receive News & Ratings for Agco Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Agco Corp. and related companies with Analyst Ratings Network's FREE daily email newsletter.