AGCO Co. (NYSE:AGCO) Director Acquires $124,832.20 in Stock

AGCO Co. (NYSE:AGCO) Director Lange Bob De bought 1,420 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was bought at an average cost of $87.91 per share, for a total transaction of $124,832.20. Following the completion of the purchase, the director now directly owns 7,007 shares of the company’s stock, valued at $615,985.37. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

AGCO Price Performance

AGCO opened at $88.87 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.52 and a quick ratio of 1.09. AGCO Co. has a 1 year low of $84.35 and a 1 year high of $132.94. The stock’s 50 day simple moving average is $98.81 and its 200 day simple moving average is $109.75. The firm has a market cap of $6.63 billion, a price-to-earnings ratio of 6.01, a PEG ratio of 0.86 and a beta of 1.27.

AGCO (NYSE:AGCO) last issued its earnings results on Tuesday, July 30th. The industrial products company reported $2.53 EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $3.48 billion. During the same period in the previous year, the firm earned $4.29 earnings per share. The firm’s quarterly revenue was down 15.1% compared to the same quarter last year. As a group, analysts predict that AGCO Co. will post 7.89 earnings per share for the current year.

AGCO Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Thursday, August 15th. AGCO’s dividend payout ratio (DPR) is 7.85%.

Institutional Trading of AGCO

A number of institutional investors have recently modified their holdings of the company. Ballentine Partners LLC bought a new stake in shares of AGCO in the 4th quarter worth approximately $208,000. Asset Management One Co. Ltd. purchased a new stake in AGCO in the fourth quarter worth $355,000. Allworth Financial LP boosted its holdings in AGCO by 72.3% in the fourth quarter. Allworth Financial LP now owns 286 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 120 shares in the last quarter. CENTRAL TRUST Co increased its position in AGCO by 39.4% during the 4th quarter. CENTRAL TRUST Co now owns 884 shares of the industrial products company’s stock valued at $107,000 after purchasing an additional 250 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings in AGCO by 1.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 30,192 shares of the industrial products company’s stock worth $3,666,000 after purchasing an additional 285 shares in the last quarter. 78.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of AGCO from $130.00 to $115.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. Barclays lowered their price target on AGCO from $145.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 18th. StockNews.com lowered AGCO from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. The Goldman Sachs Group reduced their price objective on AGCO from $127.00 to $112.00 and set a “neutral” rating on the stock in a research report on Thursday, July 11th. Finally, Robert W. Baird dropped their target price on AGCO from $139.00 to $129.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, AGCO has a consensus rating of “Hold” and an average target price of $121.20.

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.