Brokerages Set AGCO Co. (NYSE:AGCO) PT at $118.91

Shares of AGCO Co. (NYSE:AGCO) have earned a consensus recommendation of “Hold” from the eleven analysts that are presently covering the company, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $118.91.

Several analysts recently commented on AGCO shares. Truist Financial restated a “buy” rating and set a $118.00 price target (down from $130.00) on shares of AGCO in a report on Wednesday, July 31st. Barclays lowered their price target on shares of AGCO from $145.00 to $110.00 and set an “equal weight” rating on the stock in a report on Thursday, July 18th. BMO Capital Markets initiated coverage on AGCO in a report on Friday, August 9th. They set a “market perform” rating and a $96.00 price objective for the company. Robert W. Baird dropped their target price on AGCO from $139.00 to $129.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. Finally, Raymond James initiated coverage on AGCO in a report on Friday, June 28th. They set a “market perform” rating for the company.

Insider Activity at AGCO

In other news, Director Lange Bob De bought 1,420 shares of the business’s stock in a transaction on Monday, August 5th. The stock was purchased at an average price of $87.91 per share, with a total value of $124,832.20. Following the transaction, the director now directly owns 7,007 shares in the company, valued at $615,985.37. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Michael C. Arnold bought 1,800 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was purchased at an average cost of $87.69 per share, for a total transaction of $157,842.00. Following the purchase, the director now directly owns 20,465 shares in the company, valued at $1,794,575.85. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Lange Bob De purchased 1,420 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was bought at an average price of $87.91 per share, for a total transaction of $124,832.20. Following the completion of the transaction, the director now directly owns 7,007 shares in the company, valued at $615,985.37. The disclosure for this purchase can be found here. 16.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On AGCO

Several hedge funds have recently made changes to their positions in the stock. FinTrust Capital Advisors LLC increased its stake in AGCO by 121.9% during the first quarter. FinTrust Capital Advisors LLC now owns 213 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 117 shares during the period. Manchester Capital Management LLC increased its position in shares of AGCO by 93.2% during the first quarter. Manchester Capital Management LLC now owns 228 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 110 shares during the period. LRI Investments LLC acquired a new position in shares of AGCO in the first quarter valued at $30,000. Blue Trust Inc. lifted its position in AGCO by 102.4% in the second quarter. Blue Trust Inc. now owns 344 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 174 shares during the period. Finally, First Horizon Advisors Inc. boosted its stake in AGCO by 69.0% during the second quarter. First Horizon Advisors Inc. now owns 409 shares of the industrial products company’s stock worth $40,000 after buying an additional 167 shares in the last quarter. Institutional investors own 78.80% of the company’s stock.

AGCO Trading Up 0.7 %

NYSE AGCO opened at $98.59 on Friday. The firm’s 50 day moving average price is $91.73 and its two-hundred day moving average price is $103.42. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.72 and a current ratio of 1.52. AGCO has a twelve month low of $84.35 and a twelve month high of $130.26. The stock has a market cap of $7.36 billion, a price-to-earnings ratio of 6.67, a PEG ratio of 0.88 and a beta of 1.25.

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 the consensus estimate of $2.90 by ($0.37). AGCO had a net margin of 3.13% and a return on equity of 21.17%. The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.48 billion. During the same period in the previous year, the firm posted $4.29 earnings per share. The firm’s quarterly revenue was down 15.1% on a year-over-year basis. Equities analysts anticipate that AGCO will post 8 EPS for the current year.

AGCO Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Thursday, August 15th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend was Thursday, August 15th. AGCO’s payout ratio is 7.85%.

AGCO Company 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.