Lara Thrush Long Sells 939 Shares of AGCO Co. (NYSE:AGCO) Stock

AGCO Co. (NYSE:AGCOGet Rating) CAO Lara Thrush Long sold 939 shares of the business’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $105.50, for a total value of $99,064.50. Following the sale, the chief accounting officer now owns 1,491 shares of the company’s stock, valued at $157,300.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

AGCO Stock Down 0.1 %

Shares of AGCO opened at $106.21 on Friday. The stock has a market capitalization of $7.92 billion, a price-to-earnings ratio of 10.07, a price-to-earnings-growth ratio of 0.95 and a beta of 1.38. AGCO Co. has a 1 year low of $88.55 and a 1 year high of $150.28. The business’s 50 day simple moving average is $106.75 and its 200-day simple moving average is $120.96. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.57 and a quick ratio of 0.64.

AGCO (NYSE:AGCOGet Rating) last issued its quarterly earnings data on Thursday, July 28th. The industrial products company reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.11 by $0.26. The business had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.92 billion. AGCO had a return on equity of 22.54% and a net margin of 6.89%. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.88 EPS. As a group, equities analysts expect that AGCO Co. will post 11.88 earnings per share for the current fiscal year.

AGCO Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Monday, August 15th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend is Friday, August 12th. AGCO’s dividend payout ratio is 9.10%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on AGCO shares. StockNews.com raised AGCO from a “hold” rating to a “buy” rating in a research report on Friday, July 29th. Jefferies Financial Group lowered their price objective on AGCO from $170.00 to $150.00 in a research report on Friday, July 15th. Citigroup lowered their price objective on AGCO from $150.00 to $105.00 in a research report on Thursday, July 7th. Oppenheimer lowered their price objective on AGCO from $169.00 to $156.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 5th. Finally, JPMorgan Chase & Co. lowered their price target on AGCO from $178.00 to $125.00 and set an “overweight” rating on the stock in a report on Tuesday, July 12th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $135.83.

Institutional Investors Weigh In On AGCO

A number of hedge funds have recently made changes to their positions in the stock. New York State Common Retirement Fund increased its holdings in shares of AGCO by 2.1% in the fourth quarter. New York State Common Retirement Fund now owns 65,192 shares of the industrial products company’s stock valued at $7,564,000 after purchasing an additional 1,312 shares during the period. Banco Santander S.A. grew its holdings in AGCO by 25.8% during the fourth quarter. Banco Santander S.A. now owns 7,410 shares of the industrial products company’s stock worth $860,000 after acquiring an additional 1,520 shares during the period. Wright Investors Service Inc. acquired a new stake in AGCO during the first quarter worth about $1,038,000. Schroder Investment Management Group grew its holdings in AGCO by 599.3% during the fourth quarter. Schroder Investment Management Group now owns 69,096 shares of the industrial products company’s stock worth $8,016,000 after acquiring an additional 59,215 shares during the period. Finally, First Horizon Advisors Inc. grew its holdings in AGCO by 23.0% during the fourth quarter. First Horizon Advisors Inc. now owns 1,267 shares of the industrial products company’s stock worth $146,000 after acquiring an additional 237 shares during the period. 77.74% of the stock is currently owned by hedge funds and other institutional investors.

AGCO Company Profile

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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.

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