FDx Advisors Inc. lessened its position in AGCO Co. (NYSE:AGCO) by 21.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,370 shares of the industrial products company’s stock after selling 659 shares during the quarter. FDx Advisors Inc.’s holdings in AGCO were worth $340,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in AGCO. Royal London Asset Management Ltd. grew its stake in AGCO by 4.8% in the first quarter. Royal London Asset Management Ltd. now owns 214,457 shares of the industrial products company’s stock valued at $30,784,000 after purchasing an additional 9,725 shares in the last quarter. Scout Investments Inc. grew its stake in AGCO by 68.6% in the first quarter. Scout Investments Inc. now owns 482,997 shares of the industrial products company’s stock valued at $69,383,000 after purchasing an additional 196,445 shares in the last quarter. Private Advisory Group LLC bought a new position in AGCO in the first quarter valued at approximately $658,000. Amundi Pioneer Asset Management Inc. grew its stake in AGCO by 2,048.2% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 240,896 shares of the industrial products company’s stock valued at $24,834,000 after purchasing an additional 229,682 shares in the last quarter. Finally, Norges Bank bought a new position in AGCO in the fourth quarter valued at approximately $121,803,000. 78.01% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have weighed in on AGCO shares. JPMorgan Chase & Co. raised their price target on AGCO from $128.00 to $136.00 and gave the company a “neutral” rating in a research note on Wednesday, April 14th. They noted that the move was a valuation call. Zacks Investment Research downgraded AGCO from a “buy” rating to a “hold” rating and set a $157.00 price target for the company. in a research note on Wednesday, April 14th. Morgan Stanley raised their price target on AGCO from $145.00 to $155.00 and gave the company an “overweight” rating in a research note on Monday. Citigroup lifted their target price on AGCO from $140.00 to $165.00 in a research note on Tuesday, March 16th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lifted their target price on AGCO from $140.00 to $165.00 in a research note on Tuesday, March 16th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $136.67.
AGCO opened at $148.07 on Friday. The business has a fifty day simple moving average of $142.43 and a 200 day simple moving average of $111.25. The company has a market capitalization of $11.15 billion, a PE ratio of 54.84, a price-to-earnings-growth ratio of 1.18 and a beta of 1.22. AGCO Co. has a 1 year low of $42.84 and a 1 year high of $153.82. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.38 and a quick ratio of 0.66.
AGCO (NYSE:AGCO) last announced its quarterly earnings data on Wednesday, February 3rd. The industrial products company reported $1.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.42. The firm had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.53 billion. AGCO had a return on equity of 13.58% and a net margin of 2.27%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.94 EPS. Equities analysts anticipate that AGCO Co. will post 5.16 earnings per share for the current fiscal year.
In other AGCO news, Director Wolfgang Deml sold 1,000 shares of AGCO stock in a transaction on Friday, February 19th. The stock was sold at an average price of $121.25, for a total value of $121,250.00. Following the completion of the transaction, the director now directly owns 8,291 shares of the company’s stock, valued at approximately $1,005,283.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 4,500 shares of company stock valued at $558,980 over the last ninety days. Insiders own 17.80% of the company’s stock.
AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. It offers high 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.
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