2,180 Shares in AGCO Co. (NYSE:AGCO) Bought by SYM FINANCIAL Corp

SYM FINANCIAL Corp purchased a new stake in AGCO Co. (NYSE:AGCO) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,180 shares of the industrial products company’s stock, valued at approximately $213,000.

A number of other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of AGCO by 11.6% in the 1st quarter. Vanguard Group Inc. now owns 7,565,114 shares of the industrial products company’s stock valued at $930,660,000 after buying an additional 784,617 shares in the last quarter. Norges Bank acquired a new position in AGCO in the fourth quarter valued at $83,733,000. Ilex Capital Partners UK LLP purchased a new position in shares of AGCO during the first quarter worth about $23,569,000. Principal Financial Group Inc. increased its position in shares of AGCO by 25.2% during the first quarter. Principal Financial Group Inc. now owns 537,189 shares of the industrial products company’s stock worth $66,085,000 after purchasing an additional 108,213 shares in the last quarter. Finally, MMCAP International Inc. SPC lifted its holdings in shares of AGCO by 210.0% in the 1st quarter. MMCAP International Inc. SPC now owns 158,088 shares of the industrial products company’s stock valued at $19,448,000 after purchasing an additional 107,088 shares during the last quarter. 78.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AGCO. StockNews.com downgraded AGCO from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Robert W. Baird lowered their target price on shares of AGCO from $139.00 to $129.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. Oppenheimer reduced their price target on shares of AGCO from $133.00 to $132.00 and set an “outperform” rating for the company in a research report on Monday, July 22nd. Citigroup initiated coverage on shares of AGCO in a research report on Wednesday, June 26th. They set a “neutral” rating and a $108.00 price objective on the stock. Finally, BMO Capital Markets started coverage on shares of AGCO in a report on Friday, August 9th. They issued a “market perform” rating and a $96.00 target price for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $118.91.

Insider Activity at AGCO

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

AGCO Price Performance

Shares of AGCO opened at $90.92 on Friday. The firm has a market capitalization of $6.79 billion, a PE ratio of 6.15, a P/E/G ratio of 0.83 and a beta of 1.25. The stock’s 50 day moving average is $92.59 and its two-hundred day moving average is $104.92. AGCO Co. has a twelve month low of $84.35 and a twelve month high of $130.26. The company has a current ratio of 1.52, a quick ratio of 0.72 and a debt-to-equity ratio of 0.89.

AGCO (NYSE:AGCO) last posted its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $2.53 earnings per share for the quarter, missing analysts’ consensus estimates of $2.90 by ($0.37). The business had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.48 billion. AGCO had a net margin of 3.13% and a return on equity of 21.17%. The firm’s quarterly revenue was down 15.1% compared to the same quarter last year. During the same quarter last year, the firm earned $4.29 earnings per share. Research analysts anticipate that AGCO Co. will post 8 earnings per share for the current year.

AGCO Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Thursday, August 15th will be issued a $0.29 dividend. The ex-dividend date is Thursday, August 15th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.28%. AGCO’s dividend payout ratio is presently 7.85%.

AGCO 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.