AGCO Co. (NYSE:AGCO) Receives Average Recommendation of “Hold” from Brokerages

AGCO Co. (NYSE:AGCO) has earned a consensus rating of “Hold” from the eleven ratings firms that are covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $117.80.

A number of equities analysts have commented on the company. JPMorgan Chase & Co. dropped their target price on shares of AGCO from $130.00 to $115.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. Oppenheimer cut their target price on AGCO from $133.00 to $132.00 and set an “outperform” rating for the company in a research note on Monday, July 22nd. StockNews.com lowered AGCO from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Truist Financial upped their price objective on AGCO from $118.00 to $127.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Finally, UBS Group decreased their target price on AGCO from $107.00 to $104.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 31st.

Insider Activity

In other AGCO news, Director Michael C. Arnold bought 1,800 shares of the stock in a transaction on Wednesday, August 7th. The stock was acquired at an average cost of $87.69 per share, for a total transaction of $157,842.00. Following the completion of the acquisition, the director now owns 20,465 shares in the company, valued at $1,794,575.85. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Lange Bob De purchased 1,420 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average cost of $87.91 per share, with a total value of $124,832.20. Following the purchase, the director now owns 7,007 shares in the company, valued at $615,985.37. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael C. Arnold purchased 1,800 shares of the business’s stock in a transaction on Wednesday, August 7th. The stock was purchased at an average price of $87.69 per share, for a total transaction of $157,842.00. Following the acquisition, the director now owns 20,465 shares of the company’s stock, valued at approximately $1,794,575.85. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 16.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. State of Alaska Department of Revenue increased its stake in AGCO by 3.0% in the 3rd quarter. State of Alaska Department of Revenue now owns 16,802 shares of the industrial products company’s stock valued at $1,643,000 after buying an additional 485 shares during the last quarter. Frank Rimerman Advisors LLC purchased a new stake in shares of AGCO during the third quarter valued at approximately $252,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in AGCO by 58.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 836 shares of the industrial products company’s stock worth $82,000 after acquiring an additional 308 shares during the period. Shayne & Jacobs LLC boosted its position in AGCO by 42.7% in the third quarter. Shayne & Jacobs LLC now owns 22,380 shares of the industrial products company’s stock worth $2,190,000 after purchasing an additional 6,700 shares during the last quarter. Finally, Sequoia Financial Advisors LLC bought a new position in AGCO in the 3rd quarter valued at $247,000. Institutional investors and hedge funds own 78.80% of the company’s stock.

AGCO Trading Up 0.3 %

Shares of NYSE:AGCO opened at $100.42 on Tuesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.72 and a current ratio of 1.52. The company has a 50-day simple moving average of $94.29 and a 200 day simple moving average of $100.72. The company has a market capitalization of $7.49 billion, a P/E ratio of 6.79, a price-to-earnings-growth ratio of 0.91 and a beta of 1.25. AGCO has a 52-week low of $84.35 and a 52-week high of $130.26.

AGCO (NYSE:AGCO) last released 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 return on equity of 21.17% and a net margin of 3.13%. The firm 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 business posted $4.29 earnings per share. The business’s revenue for the quarter was down 15.1% on a year-over-year basis. Sell-side analysts forecast that AGCO will post 8 earnings per share for the current year.

AGCO Dividend Announcement

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