Andra AP fonden lowered its position in AGCO Co. (NYSE:AGCO) by 2.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 82,900 shares of the industrial products company’s stock after selling 1,700 shares during the period. Andra AP fonden owned approximately 0.10% of AGCO worth $5,034,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. American Century Companies Inc. acquired a new position in shares of AGCO during the 1st quarter worth approximately $487,000. Aperio Group LLC acquired a new position in shares of AGCO during the 1st quarter worth approximately $2,461,000. Gabelli Funds LLC raised its stake in shares of AGCO by 50.0% during the 1st quarter. Gabelli Funds LLC now owns 15,000 shares of the industrial products company’s stock worth $973,000 after buying an additional 5,000 shares during the period. New York State Common Retirement Fund raised its stake in shares of AGCO by 10.8% during the 1st quarter. New York State Common Retirement Fund now owns 232,891 shares of the industrial products company’s stock worth $15,103,000 after buying an additional 22,731 shares during the period. Finally, California Public Employees Retirement System raised its stake in shares of AGCO by 0.7% during the 1st quarter. California Public Employees Retirement System now owns 240,918 shares of the industrial products company’s stock worth $15,624,000 after buying an additional 1,583 shares during the period. Hedge funds and other institutional investors own 84.75% of the company’s stock.

Shares of NYSE:AGCO opened at $60.50 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.42 and a quick ratio of 0.63. The firm has a market capitalization of $4.77 billion, a price-to-earnings ratio of 20.03, a P/E/G ratio of 1.02 and a beta of 0.73. AGCO Co. has a 52-week low of $56.36 and a 52-week high of $75.95.

AGCO (NYSE:AGCO) last issued its earnings results on Tuesday, July 31st. The industrial products company reported $1.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.04. The company had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.45 billion. AGCO had a return on equity of 9.31% and a net margin of 2.44%. The firm’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.15 EPS. equities analysts expect that AGCO Co. will post 3.78 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 14th. Shareholders of record on Wednesday, August 15th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend was Tuesday, August 14th. AGCO’s payout ratio is currently 19.87%.

Several brokerages recently commented on AGCO. Deutsche Bank reiterated a “buy” rating on shares of AGCO in a research report on Monday. Zacks Investment Research cut AGCO from a “buy” rating to a “hold” rating in a research report on Saturday, July 14th. Jefferies Financial Group reiterated a “hold” rating and set a $70.00 price target on shares of AGCO in a research report on Friday, July 20th. ValuEngine cut AGCO from a “hold” rating to a “sell” rating in a research report on Tuesday, September 4th. Finally, OTR Global cut AGCO to a “$60.18” rating in a research report on Wednesday, July 18th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $71.00.

AGCO Profile

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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Institutional Ownership by Quarter for AGCO (NYSE:AGCO)

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