AGCO (NYSE:AGCO) Upgraded at StockNews.com

StockNews.com upgraded shares of AGCO (NYSE:AGCO) from a sell rating to a hold rating in a research report sent to investors on Friday morning.

Several other brokerages have also recently weighed in on AGCO. JPMorgan Chase & Co. increased their price target on AGCO from $102.00 to $111.00 and gave the company an “overweight” rating in a research note on Wednesday, January 15th. Baird R W downgraded shares of AGCO from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 3rd. Oppenheimer upped their price objective on shares of AGCO from $108.00 to $109.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Robert W. Baird cut shares of AGCO from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $116.00 to $100.00 in a research report on Monday, March 3rd. Finally, Truist Financial dropped their target price on shares of AGCO from $125.00 to $105.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $100.90.

AGCO Stock Up 2.6 %

Shares of AGCO opened at $86.09 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.63 and a current ratio of 1.34. AGCO has a 52 week low of $73.79 and a 52 week high of $121.78. The stock has a market capitalization of $6.42 billion, a price-to-earnings ratio of -15.13, a PEG ratio of 1.80 and a beta of 1.16. The stock has a fifty day moving average of $93.78 and a 200-day moving average of $96.18.

AGCO (NYSE:AGCO) last posted its earnings results on Thursday, February 6th. The industrial products company reported $1.97 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.04). AGCO had a negative net margin of 3.64% and a positive return on equity of 13.40%. As a group, sell-side analysts anticipate that AGCO will post 4.2 earnings per share for the current fiscal year.

AGCO Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were given a dividend of $0.29 per share. The ex-dividend date was Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.35%. AGCO’s dividend payout ratio (DPR) is presently -20.39%.

Institutional Investors Weigh In On AGCO

Hedge funds and other institutional investors have recently modified their holdings of the company. CIBC Asset Management Inc grew its position in AGCO by 5.1% in the 4th quarter. CIBC Asset Management Inc now owns 2,265 shares of the industrial products company’s stock valued at $212,000 after purchasing an additional 110 shares during the period. Inspire Investing LLC raised its stake in AGCO by 2.8% in the 4th quarter. Inspire Investing LLC now owns 4,299 shares of the industrial products company’s stock valued at $402,000 after acquiring an additional 118 shares during the period. O Shaughnessy Asset Management LLC raised its position in shares of AGCO by 2.4% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 6,207 shares of the industrial products company’s stock valued at $580,000 after purchasing an additional 144 shares during the period. Neuberger Berman Group LLC lifted its position in shares of AGCO by 2.3% during the fourth quarter. Neuberger Berman Group LLC now owns 6,552 shares of the industrial products company’s stock worth $612,000 after acquiring an additional 145 shares in the last quarter. Finally, Arizona State Retirement System lifted its holdings in AGCO by 0.8% during the 4th quarter. Arizona State Retirement System now owns 18,414 shares of the industrial products company’s stock worth $1,721,000 after purchasing an additional 150 shares in the last quarter. Institutional investors own 78.80% of the company’s stock.

About AGCO

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.