AGCO Co. (NYSE:AGCO) Shares Purchased by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. lifted its position in AGCO Co. (NYSE:AGCO) by 5.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 71,517 shares of the industrial products company’s stock after purchasing an additional 3,531 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.10% of AGCO worth $8,683,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. FinTrust Capital Advisors LLC purchased a new stake in AGCO during the 3rd quarter valued at approximately $26,000. Legacy Financial Group LLC purchased a new stake in AGCO during the 3rd quarter valued at approximately $27,000. Allworth Financial LP raised its stake in AGCO by 72.3% during the 4th quarter. Allworth Financial LP now owns 286 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 120 shares during the last quarter. BluePath Capital Management LLC purchased a new stake in AGCO during the 3rd quarter valued at approximately $35,000. Finally, C M Bidwell & Associates Ltd. purchased a new stake in AGCO during the 3rd quarter valued at approximately $35,000. 78.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AGCO. JPMorgan Chase & Co. upped their price target on AGCO from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. StockNews.com cut AGCO from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Oppenheimer upped their price target on AGCO from $153.00 to $154.00 and gave the stock an “outperform” rating in a report on Tuesday, April 16th. Finally, Truist Financial began coverage on AGCO in a report on Thursday, March 14th. They issued a “buy” rating and a $142.00 price target on the stock. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, AGCO presently has an average rating of “Moderate Buy” and an average price target of $150.50.

AGCO Stock Down 1.4 %

Shares of NYSE AGCO opened at $117.45 on Wednesday. AGCO Co. has a 1 year low of $105.77 and a 1 year high of $140.46. The firm has a market cap of $8.76 billion, a price-to-earnings ratio of 7.51, a PEG ratio of 0.68 and a beta of 1.31. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.67 and a current ratio of 1.46. The stock’s 50-day simple moving average is $115.54 and its 200-day simple moving average is $117.18.

AGCO (NYSE:AGCO) last posted its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $3.78 EPS for the quarter, missing analysts’ consensus estimates of $4.03 by ($0.25). The firm had revenue of $3.80 billion during the quarter, compared to analyst estimates of $4.03 billion. AGCO had a return on equity of 26.96% and a net margin of 8.13%. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter last year, the business posted $4.47 earnings per share. As a group, equities analysts anticipate that AGCO Co. will post 13.07 earnings per share for the current fiscal year.

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.