Public Employees Retirement Association of Colorado lessened its holdings in AGCO Co. (NYSE:AGCO) by 21.3% during the first quarter, Holdings Channel reports. The fund owned 8,817 shares of the industrial products company’s stock after selling 2,391 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in AGCO were worth $613,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Millennium Management LLC boosted its holdings in AGCO by 310.9% in the 4th quarter. Millennium Management LLC now owns 1,204,363 shares of the industrial products company’s stock worth $67,047,000 after buying an additional 911,239 shares during the period. HRT Financial LLC bought a new position in AGCO in the 4th quarter worth approximately $5,582,000. Rhumbline Advisers boosted its holdings in AGCO by 45.4% in the 4th quarter. Rhumbline Advisers now owns 166,697 shares of the industrial products company’s stock worth $9,280,000 after buying an additional 52,044 shares during the period. LMR Partners LLP bought a new position in AGCO in the 4th quarter worth approximately $1,169,000. Finally, South Dakota Investment Council boosted its holdings in AGCO by 77.8% in the 4th quarter. South Dakota Investment Council now owns 20,800 shares of the industrial products company’s stock worth $1,158,000 after buying an additional 9,100 shares during the period. Institutional investors own 83.76% of the company’s stock.
Several research analysts recently commented on AGCO shares. Royal Bank of Canada raised their price objective on shares of AGCO to $76.00 and gave the stock a “positive” rating in a report on Monday, March 25th. OTR Global raised shares of AGCO to a “positive” rating in a report on Friday, January 18th. Deutsche Bank set a $76.00 price objective on shares of AGCO and gave the stock a “buy” rating in a report on Friday, March 8th. Barclays downgraded shares of AGCO from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $64.00 to $63.00 in a report on Wednesday, January 23rd. Finally, Credit Suisse Group reissued a “hold” rating and issued a $63.00 price target on shares of AGCO in a report on Tuesday, January 22nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $71.50.
Shares of NYSE:AGCO opened at $71.40 on Thursday. The firm has a market capitalization of $5.42 billion, a P/E ratio of 18.35, a price-to-earnings-growth ratio of 0.99 and a beta of 0.88. AGCO Co. has a 52 week low of $49.50 and a 52 week high of $75.56. 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 (NYSE:AGCO) last issued its earnings results on Thursday, May 2nd. The industrial products company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.44. The company had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.96 billion. AGCO had a net margin of 3.49% and a return on equity of 11.62%. The firm’s revenue was down .6% compared to the same quarter last year. During the same quarter last year, the company earned $0.30 EPS. As a group, equities analysts forecast that AGCO Co. will post 4.94 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Wednesday, May 15th will be given a $0.16 dividend. This is a boost from AGCO’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.90%. AGCO’s payout ratio is presently 15.42%.
In other AGCO news, SVP Robert B. Crain sold 25,000 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $72.86, for a total value of $1,821,500.00. Following the transaction, the senior vice president now owns 81,914 shares in the company, valued at $5,968,254.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Lara Thrush Long sold 2,100 shares of the business’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $66.31, for a total transaction of $139,251.00. Following the completion of the transaction, the vice president now owns 5,991 shares in the company, valued at approximately $397,263.21. The disclosure for this sale can be found here. Insiders sold 246,000 shares of company stock worth $17,342,531 in the last 90 days. Corporate insiders own 17.60% of the company’s stock.
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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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