AGCO (NYSE:AGCO) Reaches New 1-Year Low – What’s Next?

AGCO Co. (NYSE:AGCO) hit a new 52-week low on Thursday . The stock traded as low as $83.00 and last traded at $83.75, with a volume of 457350 shares. The stock had previously closed at $92.52.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on AGCO shares. Baird R W downgraded AGCO from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 3rd. StockNews.com lowered shares of AGCO from a “hold” rating to a “sell” rating in a report on Thursday. Robert W. Baird downgraded shares of AGCO from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $116.00 to $100.00 in a research note on Monday, March 3rd. Citigroup increased their target price on AGCO from $95.00 to $98.00 and gave the company a “neutral” rating in a report on Monday, March 17th. Finally, Truist Financial increased their price objective on AGCO from $109.00 to $118.00 and gave the company a “buy” rating in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $104.60.

AGCO Stock Down 3.3 %

The company has a quick ratio of 0.63, a current ratio of 1.34 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $5.93 billion, a PE ratio of -13.96, a PEG ratio of 1.80 and a beta of 1.16. The firm’s fifty day moving average is $96.97 and its 200-day moving average is $96.82.

AGCO (NYSE:AGCO) last posted its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.04). AGCO had a negative net margin of 3.64% and a positive return on equity of 13.40%. On average, equities research analysts predict that AGCO Co. will post 4.2 earnings per share for the current year.

AGCO Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend was Friday, February 14th. AGCO’s dividend payout ratio (DPR) is presently -20.39%.

Hedge Funds Weigh In On AGCO

Several hedge funds have recently added to or reduced their stakes in AGCO. Price T Rowe Associates Inc. MD grew its position in shares of AGCO by 128.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,504,328 shares of the industrial products company’s stock valued at $608,026,000 after purchasing an additional 3,654,350 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in AGCO by 9.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,984,081 shares of the industrial products company’s stock valued at $278,951,000 after buying an additional 258,054 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in AGCO by 534.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,901,790 shares of the industrial products company’s stock valued at $271,259,000 after buying an additional 2,444,615 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in shares of AGCO by 1.5% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,744,133 shares of the industrial products company’s stock worth $256,522,000 after acquiring an additional 39,966 shares during the last quarter. Finally, Invesco Ltd. lifted its position in shares of AGCO by 68.7% in the fourth quarter. Invesco Ltd. now owns 2,360,301 shares of the industrial products company’s stock valued at $220,641,000 after acquiring an additional 961,081 shares in the last quarter. 78.80% of the stock is currently owned by hedge funds and other institutional investors.

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.