AGCO Co. (NYSE:AGCO – Get Free Report) has been given an average recommendation of “Hold” by the eleven analysts that are covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $118.91.
AGCO has been the subject of a number of recent research reports. Truist Financial reissued a “buy” rating and set a $118.00 price target (down from $130.00) on shares of AGCO in a research report on Wednesday, July 31st. Barclays lowered their target price on shares of AGCO from $145.00 to $110.00 and set an “equal weight” rating for the company in a report on Thursday, July 18th. BMO Capital Markets began coverage on AGCO in a research note on Friday, August 9th. They issued a “market perform” rating and a $96.00 price target on the stock. Oppenheimer lowered their price objective on AGCO from $133.00 to $132.00 and set an “outperform” rating for the company in a research note on Monday, July 22nd. Finally, The Goldman Sachs Group cut their target price on AGCO from $127.00 to $112.00 and set a “neutral” rating on the stock in a research note on Thursday, July 11th.
Get Our Latest Stock Analysis on AGCO
AGCO Stock Down 1.9 %
AGCO (NYSE:AGCO – Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $2.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.90 by ($0.37). AGCO had a return on equity of 21.17% and a net margin of 3.13%. The firm had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.48 billion. During the same quarter last year, the company posted $4.29 EPS. AGCO’s revenue for the quarter was down 15.1% compared to the same quarter last year. As a group, analysts forecast that AGCO will post 8 earnings per share for the current fiscal year.
AGCO Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Thursday, August 15th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.16 annualized dividend and a dividend yield of 1.20%. AGCO’s dividend payout ratio (DPR) is presently 7.85%.
Insider Buying and Selling
In related news, Director Michael C. Arnold purchased 1,800 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were purchased at an average price of $87.69 per share, with a total value of $157,842.00. Following the acquisition, the director now directly owns 20,465 shares in the company, valued at approximately $1,794,575.85. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Michael C. Arnold bought 1,800 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was acquired at an average cost of $87.69 per share, for a total transaction of $157,842.00. Following the purchase, the director now owns 20,465 shares in the company, valued at $1,794,575.85. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Lange Bob De purchased 1,420 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was purchased at an average price of $87.91 per share, for a total transaction of $124,832.20. Following the completion of the purchase, the director now owns 7,007 shares in the company, valued at $615,985.37. The disclosure for this purchase can be found here. 16.60% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On AGCO
Large investors have recently made changes to their positions in the company. Pacer Advisors Inc. boosted its holdings in shares of AGCO by 103.5% in the second quarter. Pacer Advisors Inc. now owns 1,571,453 shares of the industrial products company’s stock worth $153,814,000 after buying an additional 799,429 shares during the last quarter. Vanguard Group Inc. grew its position in shares of AGCO by 11.6% during the 1st quarter. Vanguard Group Inc. now owns 7,565,114 shares of the industrial products company’s stock valued at $930,660,000 after acquiring an additional 784,617 shares during the period. AQR Capital Management LLC increased its stake in shares of AGCO by 53.0% in the 2nd quarter. AQR Capital Management LLC now owns 1,747,954 shares of the industrial products company’s stock worth $171,090,000 after purchasing an additional 605,509 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of AGCO by 28.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,791,202 shares of the industrial products company’s stock worth $175,323,000 after purchasing an additional 391,591 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in AGCO by 17.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,259,699 shares of the industrial products company’s stock worth $221,187,000 after purchasing an additional 335,092 shares during the period. 78.80% of the stock is currently owned by institutional investors.
AGCO Company 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.
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