AGCO Co. (NYSE:AGCO) Receives Average Rating of “Hold” from Analysts

AGCO Co. (NYSE:AGCO) has been assigned a consensus recommendation of “Hold” from the eleven ratings firms that are presently covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $118.91.

Several research analysts have recently commented on AGCO shares. Raymond James started coverage on AGCO in a report on Friday, June 28th. They issued a “market perform” rating on the stock. Citigroup initiated coverage on AGCO in a research note on Wednesday, June 26th. They issued a “neutral” rating and a $108.00 price objective on the stock. StockNews.com lowered AGCO from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Barclays cut their price target on AGCO from $145.00 to $110.00 and set an “equal weight” rating for the company in a report on Thursday, July 18th. Finally, Truist Financial reissued a “buy” rating and set a $118.00 price objective (down previously from $130.00) on shares of AGCO in a report on Wednesday, July 31st.

AGCO Price Performance

AGCO stock opened at $98.59 on Friday. The business has a 50 day simple moving average of $91.73 and a 200 day simple moving average of $103.42. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.52 and a quick ratio of 0.72. The company has a market capitalization of $7.36 billion, a PE ratio of 6.67, a price-to-earnings-growth ratio of 0.88 and a beta of 1.25. AGCO has a one year low of $84.35 and a one year high of $130.26.

AGCO (NYSE:AGCO) last posted its earnings results on Tuesday, July 30th. The industrial products company reported $2.53 earnings per share for the quarter, missing the consensus estimate of $2.90 by ($0.37). The firm had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.48 billion. AGCO had a return on equity of 21.17% and a net margin of 3.13%. The firm’s revenue for the quarter was down 15.1% compared to the same quarter last year. During the same period in the previous year, the company posted $4.29 EPS. On average, sell-side analysts forecast that AGCO will post 8 EPS for the current fiscal year.

AGCO Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Thursday, August 15th were paid a $0.29 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.16 dividend on an annualized basis and a yield of 1.18%. AGCO’s payout ratio is presently 7.85%.

Insider Buying and Selling at AGCO

In related news, Director Lange Bob De acquired 1,420 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was acquired at an average cost of $87.91 per share, with a total value of $124,832.20. Following the completion of the purchase, the director now directly owns 7,007 shares in the company, valued at $615,985.37. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Lange Bob De acquired 1,420 shares of AGCO stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average price of $87.91 per share, with a total value of $124,832.20. Following 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 filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael C. Arnold bought 1,800 shares of the stock in a transaction on Wednesday, August 7th. The stock was purchased at an average cost of $87.69 per share, with a total value of $157,842.00. Following the purchase, the director now directly owns 20,465 shares of the company’s stock, valued at approximately $1,794,575.85. The disclosure for this purchase can be found here. Corporate insiders own 16.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of AGCO by 11.6% during the first quarter. Vanguard Group Inc. now owns 7,565,114 shares of the industrial products company’s stock worth $930,660,000 after purchasing an additional 784,617 shares during the period. Victory Capital Management Inc. lifted its stake in AGCO by 1.7% in the second quarter. Victory Capital Management Inc. now owns 3,699,964 shares of the industrial products company’s stock valued at $362,152,000 after buying an additional 63,432 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of AGCO by 17.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,259,699 shares of the industrial products company’s stock valued at $221,187,000 after buying an additional 335,092 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of AGCO by 28.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,791,202 shares of the industrial products company’s stock worth $175,323,000 after acquiring an additional 391,591 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of AGCO by 53.0% during the second quarter. AQR Capital Management LLC now owns 1,747,954 shares of the industrial products company’s stock worth $171,090,000 after acquiring an additional 605,509 shares during the period. 78.80% of the stock is currently owned by institutional investors.

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.