AGCO Co. (NYSE:AGCO) – Investment analysts at Jefferies Financial Group dropped their Q2 2019 earnings per share estimates for shares of AGCO in a research report issued to clients and investors on Monday, June 24th, Zacks Investment Research reports. Jefferies Financial Group analyst S. Volkmann now forecasts that the industrial products company will post earnings of $1.60 per share for the quarter, down from their prior forecast of $1.65. Jefferies Financial Group currently has a “Buy” rating and a $90.00 target price on the stock. Jefferies Financial Group also issued estimates for AGCO’s Q3 2019 earnings at $0.96 EPS and FY2019 earnings at $4.85 EPS.
AGCO (NYSE:AGCO) last released its earnings results on Thursday, May 2nd. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, beating 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 firm earned $0.30 EPS. The firm’s quarterly revenue was down .6% on a year-over-year basis.
AGCO stock traded down $0.34 during mid-day trading on Wednesday, reaching $75.45. The company had a trading volume of 510,717 shares, compared to its average volume of 607,076. AGCO has a one year low of $49.50 and a one year high of $79.00. The business has a 50-day moving average price of $73.89. The firm has a market capitalization of $5.82 billion, a PE ratio of 19.40, a P/E/G ratio of 1.18 and a beta of 0.98. The company has a quick ratio of 0.54, a current ratio of 1.30 and a debt-to-equity ratio of 0.52.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, August 15th will be paid a $0.16 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $0.64 annualized dividend and a yield of 0.85%. AGCO’s payout ratio is 16.45%.
In other news, Chairman Martin Richenhagen sold 45,000 shares of AGCO stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $77.14, for a total transaction of $3,471,300.00. Following the completion of the transaction, the chairman now directly owns 447,317 shares in the company, valued at $34,506,033.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Robert B. Crain sold 25,000 shares of AGCO 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 owns 81,914 shares of the company’s stock, valued at $5,968,254.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 172,000 shares of company stock worth $12,536,330. Insiders own 17.60% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc grew its position in AGCO by 1.1% in the 3rd quarter. Vanguard Group Inc now owns 6,029,986 shares of the industrial products company’s stock worth $366,563,000 after purchasing an additional 65,104 shares during the period. LSV Asset Management grew its position in AGCO by 2.9% in the 1st quarter. LSV Asset Management now owns 2,717,410 shares of the industrial products company’s stock worth $188,995,000 after purchasing an additional 76,400 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of AGCO by 1.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,040,980 shares of the industrial products company’s stock worth $113,621,000 after acquiring an additional 22,314 shares during the last quarter. FMR LLC boosted its stake in shares of AGCO by 29.1% during the 1st quarter. FMR LLC now owns 1,370,072 shares of the industrial products company’s stock worth $95,288,000 after acquiring an additional 309,101 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in shares of AGCO by 4.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,290,814 shares of the industrial products company’s stock worth $71,860,000 after acquiring an additional 50,999 shares during the last quarter. 80.60% of the stock is owned by institutional investors and hedge funds.
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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