Two Sigma Investments LP purchased a new position in AGCO Co. (NYSE:AGCO) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 204,677 shares of the industrial products company’s stock, valued at approximately $14,620,000. Two Sigma Investments LP owned about 0.26% of AGCO as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Invictus RG lifted its stake in AGCO by 265.9% in the third quarter. Invictus RG now owns 1,460 shares of the industrial products company’s stock worth $108,000 after purchasing an additional 1,061 shares during the last quarter. Avestar Capital LLC bought a new stake in AGCO in the fourth quarter worth $111,000. Hirtle Callaghan & Co LLC bought a new stake in AGCO in the fourth quarter worth $163,000. Tower Research Capital LLC TRC bought a new stake in AGCO in the fourth quarter worth $188,000. Finally, Advisor Group Inc. lifted its stake in AGCO by 187.9% in the fourth quarter. Advisor Group Inc. now owns 2,709 shares of the industrial products company’s stock worth $192,000 after purchasing an additional 1,768 shares during the last quarter. 81.92% of the stock is owned by institutional investors and hedge funds.
Several analysts have weighed in on the stock. JPMorgan Chase raised shares of AGCO from an “underweight” rating to a “neutral” rating in a research note on Wednesday, February 7th. Barclays assumed coverage on shares of AGCO in a research note on Tuesday, December 12th. They issued an “equal weight” rating and a $75.00 price target for the company. BMO Capital Markets lowered their price target on shares of AGCO from $85.00 to $75.00 and set a “market perform” rating for the company in a research note on Thursday, February 8th. Bank of America lowered their price target on shares of AGCO from $70.00 to $64.00 and set an “underperform” rating for the company in a research note on Wednesday, February 7th. Finally, ValuEngine raised shares of AGCO from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the stock. AGCO currently has a consensus rating of “Hold” and a consensus target price of $72.80.
Shares of NYSE:AGCO traded down $1.48 during midday trading on Friday, hitting $64.76. 554,491 shares of the stock traded hands, compared to its average volume of 602,096. AGCO Co. has a one year low of $58.01 and a one year high of $75.95. The company has a current ratio of 1.37, a quick ratio of 0.66 and a debt-to-equity ratio of 0.52. The company has a market cap of $5,155.87, a price-to-earnings ratio of 21.44, a price-to-earnings-growth ratio of 1.37 and a beta of 0.83.
AGCO (NYSE:AGCO) last announced its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by ($0.01). AGCO had a net margin of 2.24% and a return on equity of 8.04%. The company had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter in the prior year, the firm earned $0.84 EPS. AGCO’s quarterly revenue was up 20.7% compared to the same quarter last year. research analysts forecast that AGCO Co. will post 3.7 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, February 15th were given a dividend of $0.15 per share. The ex-dividend date was Wednesday, February 14th. This represents a $0.60 annualized dividend and a dividend yield of 0.93%. This is a boost from AGCO’s previous quarterly dividend of $0.14. AGCO’s payout ratio is currently 19.87%.
In related news, VP Richard Robinson Smith sold 2,567 shares of the business’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $67.72, for a total transaction of $173,837.24. Following the transaction, the vice president now owns 33,431 shares in the company, valued at $2,263,947.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 4,385 shares of company stock worth $268,581 in the last quarter. 16.60% of the stock is owned by corporate insiders.
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AGCO Corporation is a manufacturer and distributor of agricultural equipment and related replacement parts. The Company sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage equipment, implements, and grain storage and protein production systems.
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