GAM Holding AG boosted its holdings in AGCO Co. (NYSE:AGCO) by 19.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,938 shares of the industrial products company’s stock after purchasing an additional 1,314 shares during the period. GAM Holding AG’s holdings in AGCO were worth $482,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of AGCO. Whittier Trust Co. bought a new position in AGCO during the 2nd quarter worth approximately $124,000. CHICAGO TRUST Co NA bought a new position in AGCO during the 1st quarter worth approximately $207,000. Convergence Investment Partners LLC lifted its holdings in AGCO by 1,586.6% during the 2nd quarter. Convergence Investment Partners LLC now owns 3,407 shares of the industrial products company’s stock worth $207,000 after buying an additional 3,205 shares during the last quarter. Ostrum Asset Management bought a new position in AGCO during the 1st quarter worth approximately $227,000. Finally, FDx Advisors Inc. lifted its holdings in AGCO by 21.7% during the 2nd quarter. FDx Advisors Inc. now owns 5,483 shares of the industrial products company’s stock worth $333,000 after buying an additional 978 shares during the last quarter. 85.09% of the stock is owned by hedge funds and other institutional investors.

Shares of AGCO stock opened at $59.10 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.63 and a current ratio of 1.42. The company has a market cap of $4.72 billion, a PE ratio of 16.76, a P/E/G ratio of 1.01 and a beta of 0.73. AGCO Co. has a twelve month low of $56.36 and a twelve month high of $75.95.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Wednesday, August 15th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend is Tuesday, August 14th. AGCO’s dividend payout ratio is currently 19.87%.

A number of research analysts have commented on AGCO shares. TheStreet downgraded AGCO from a “b” rating to a “c+” rating in a report on Thursday, June 21st. ValuEngine cut AGCO from a “hold” rating to a “sell” rating in a research report on Monday, July 16th. Zacks Investment Research upgraded AGCO from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research report on Tuesday, July 3rd. 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. Finally, JPMorgan Chase & Co. cut AGCO from a “neutral” rating to an “underweight” rating and set a $55.00 price target on the stock. in a research report on Monday, August 13th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $71.47.

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.

See Also: Fiduciary

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Institutional Ownership by Quarter for AGCO (NYSE:AGCO)

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