Brooklyn Investment Group Invests $29,000 in AGCO Co. (NYSE:AGCO)

Brooklyn Investment Group bought a new stake in AGCO Co. (NYSE:AGCO) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 293 shares of the industrial products company’s stock, valued at approximately $29,000.

A number of other institutional investors have also bought and sold shares of AGCO. Pacer Advisors Inc. lifted its stake in shares of AGCO by 103.5% in the 2nd quarter. Pacer Advisors Inc. now owns 1,571,453 shares of the industrial products company’s stock valued at $153,814,000 after purchasing an additional 799,429 shares during the period. AQR Capital Management LLC increased its holdings in AGCO by 53.0% in the second quarter. AQR Capital Management LLC now owns 1,747,954 shares of the industrial products company’s stock worth $171,090,000 after purchasing an additional 605,509 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in AGCO by 28.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,791,202 shares of the industrial products company’s stock valued at $175,323,000 after buying an additional 391,591 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of AGCO by 17.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,259,699 shares of the industrial products company’s stock worth $221,187,000 after buying an additional 335,092 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of AGCO by 28.2% during the 3rd quarter. Principal Financial Group Inc. now owns 684,249 shares of the industrial products company’s stock worth $66,959,000 after buying an additional 150,656 shares during the period. Institutional investors own 78.80% of the company’s stock.

Analysts Set New Price Targets

AGCO has been the topic of a number of research reports. Citigroup boosted their target price on shares of AGCO from $88.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Oppenheimer cut their price objective on shares of AGCO from $131.00 to $111.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Truist Financial boosted their target price on AGCO from $118.00 to $127.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. StockNews.com lowered AGCO from a “hold” rating to a “sell” rating in a report on Thursday. Finally, The Goldman Sachs Group decreased their price objective on AGCO from $112.00 to $99.00 and set a “neutral” rating for the company in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $114.40.

AGCO Stock Down 0.2 %

Shares of NYSE:AGCO opened at $101.21 on Friday. The stock has a market cap of $7.55 billion, a price-to-earnings ratio of 44.78, a PEG ratio of 0.58 and a beta of 1.25. The business’s 50 day moving average is $97.22 and its 200 day moving average is $97.10. AGCO Co. has a 12-month low of $84.35 and a 12-month high of $130.26. The company has a quick ratio of 0.72, a current ratio of 1.53 and a debt-to-equity ratio of 0.87.

AGCO (NYSE:AGCO) last posted its earnings results on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.40). The firm had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.90 billion. AGCO had a return on equity of 15.79% and a net margin of 1.35%. The business’s revenue was down 24.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.97 EPS. On average, sell-side analysts forecast that AGCO Co. will post 7.34 earnings per share for the current fiscal year.

AGCO Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be paid a $0.29 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.16 annualized dividend and a yield of 1.15%. AGCO’s dividend payout ratio (DPR) is 51.33%.

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.