Shares of AGCO Co. (NYSE:AGCO) have received a consensus rating of “Hold” from the seventeen ratings firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $74.08.
AGCO has been the subject of several recent analyst reports. UBS Group reaffirmed a “buy” rating and set a $25.00 price objective on shares of Infineon Technologies in a research report on Tuesday, May 7th. Zacks Investment Research downgraded shares of Great Portland Estates from a “hold” rating to a “sell” rating in a research report on Tuesday, April 16th. Morgan Stanley raised their price objective on shares of Williams-Sonoma from $52.00 to $56.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 10th. Jefferies Financial Group raised shares of AGCO from a “hold” rating to a “buy” rating and raised their price objective for the stock from $70.00 to $90.00 in a research report on Monday, June 24th. Finally, OTR Global raised shares of AGCO to a “positive” rating in a research report on Friday, July 12th.
In related news, SVP Robert B. Crain sold 25,000 shares of the stock in a transaction on Tuesday, May 7th. The stock was 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 directly owns 81,914 shares in the company, valued at approximately $5,968,254.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Martin Richenhagen sold 51,000 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $70.43, for a total value of $3,591,930.00. Following the completion of the transaction, the chairman now owns 503,733 shares in the company, valued at $35,477,915.19. The disclosure for this sale can be found here. Over the last quarter, insiders sold 172,000 shares of company stock worth $12,536,330. 17.60% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Robeco Institutional Asset Management B.V. lifted its position in AGCO by 143.9% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 98,737 shares of the industrial products company’s stock worth $7,659,000 after buying an additional 58,248 shares during the last quarter. New York State Teachers Retirement System lifted its position in AGCO by 4.8% in the second quarter. New York State Teachers Retirement System now owns 94,887 shares of the industrial products company’s stock valued at $7,360,000 after purchasing an additional 4,306 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in AGCO in the second quarter valued at approximately $280,000. Scout Investments Inc. bought a new stake in AGCO in the second quarter valued at approximately $13,686,000. Finally, Retirement Systems of Alabama lifted its position in AGCO by 0.3% in the second quarter. Retirement Systems of Alabama now owns 83,894 shares of the industrial products company’s stock valued at $6,508,000 after purchasing an additional 230 shares during the last quarter. Institutional investors own 80.60% of the company’s stock.
Shares of AGCO stock traded up $0.30 during trading hours on Tuesday, hitting $75.75. 454,105 shares of the company were exchanged, compared to its average volume of 535,071. The stock has a market capitalization of $5.82 billion, a price-to-earnings ratio of 19.47, a P/E/G ratio of 1.16 and a beta of 0.98. AGCO has a fifty-two week low of $49.50 and a fifty-two week high of $79.00. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.54 and a current ratio of 1.30. The company’s 50 day simple moving average is $74.23.
AGCO (NYSE:AGCO) last announced its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.42 by $0.44. The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.96 billion. AGCO had a net margin of 3.49% and a return on equity of 11.62%. The company’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter last year, the firm posted $0.30 EPS. On average, analysts anticipate that AGCO will post 4.89 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, August 15th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend is Wednesday, August 14th. AGCO’s dividend payout ratio is currently 16.45%.
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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