JPMorgan Chase & Co. lowered shares of AGCO (NYSE:AGCO) from an overweight rating to a neutral rating in a report released on Wednesday, Benzinga’s Daily Ratings Newsletter reports. The brokerage currently has $77.00 price target on the industrial products company’s stock.

Other equities analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Great Portland Estates from a hold rating to a sell rating in a research note on Tuesday, April 16th. UBS Group restated a buy rating and issued a $25.00 target price on shares of Infineon Technologies in a research note on Tuesday, May 7th. Morgan Stanley set a $226.00 target price on shares of S&P Global and gave the stock a hold rating in a research note on Friday, May 3rd. Royal Bank of Canada set a €86.00 ($100.00) target price on shares of Henkel AG & Co KGaA and gave the stock a neutral rating in a research note on Tuesday, May 7th. Finally, ValuEngine downgraded shares of Zumiez from a hold rating to a sell rating in a research note on Tuesday, July 2nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $74.85.

AGCO stock traded up $0.18 during midday trading on Wednesday, reaching $75.36. The stock had a trading volume of 718,500 shares, compared to its average volume of 606,936. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.54 and a current ratio of 1.30. AGCO has a 52-week low of $49.50 and a 52-week high of $79.00. The company has a market capitalization of $5.86 billion, a price-to-earnings ratio of 19.37, a price-to-earnings-growth ratio of 1.18 and a beta of 0.98. The stock has a fifty day simple moving average of $72.60.

AGCO (NYSE:AGCO) last posted its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.44. AGCO had a net margin of 3.49% and a return on equity of 11.62%. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period in the prior year, the company posted $0.30 EPS. The firm’s revenue for the quarter was down .6% on a year-over-year basis. On average, equities analysts forecast that AGCO will post 4.93 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Wednesday, May 15th were paid a $0.16 dividend. This is an increase from AGCO’s previous quarterly dividend of $0.15. This represents a $0.64 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date was Tuesday, May 14th. AGCO’s dividend payout ratio is currently 16.45%.

In other news, SVP Robert B. Crain sold 25,000 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $72.86, for a total transaction of $1,821,500.00. Following the transaction, the senior vice president now directly owns 81,914 shares in the company, valued at $5,968,254.04. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Martin Richenhagen sold 51,000 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $70.43, for a total transaction of $3,591,930.00. Following the transaction, the chairman now owns 503,733 shares in the company, valued at $35,477,915.19. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 178,000 shares of company stock worth $12,710,000. Insiders own 17.60% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AGCO. Bronfman E.L. Rothschild L.P. boosted its stake in shares of AGCO by 116.6% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 771 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 415 shares in the last quarter. Investors Research Corp bought a new position in shares of AGCO during the first quarter valued at approximately $94,000. Quadrant Capital Group LLC boosted its stake in shares of AGCO by 83.7% during the first quarter. Quadrant Capital Group LLC now owns 1,488 shares of the industrial products company’s stock valued at $97,000 after purchasing an additional 678 shares in the last quarter. Private Capital Group LLC boosted its stake in shares of AGCO by 51.3% during the first quarter. Private Capital Group LLC now owns 1,652 shares of the industrial products company’s stock valued at $115,000 after purchasing an additional 560 shares in the last quarter. Finally, Chiron Investment Management LLC bought a new position in shares of AGCO during the fourth quarter valued at approximately $181,000. Hedge funds and other institutional investors own 80.87% of the company’s stock.

About AGCO

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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Analyst Recommendations for AGCO (NYSE:AGCO)

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