AGCO Co. (NYSE:AGCO) Given Average Recommendation of “Hold” by Brokerages

AGCO Co. (NYSE:AGCO) has been assigned a consensus recommendation of “Hold” from the eleven ratings firms that are covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $118.91.

Several equities research analysts recently commented on AGCO shares. Citigroup started coverage on shares of AGCO in a research report on Wednesday, June 26th. They issued a “neutral” rating and a $108.00 price target for the company. BMO Capital Markets initiated coverage on shares of AGCO in a research report on Friday, August 9th. They issued a “market perform” rating and a $96.00 target price for the company. Robert W. Baird cut their target price on shares of AGCO from $139.00 to $129.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. Raymond James initiated coverage on shares of AGCO in a research report on Friday, June 28th. They issued a “market perform” rating for the company. Finally, UBS Group cut their target price on shares of AGCO from $107.00 to $104.00 and set a “neutral” rating for the company in a research report on Wednesday, July 31st.

AGCO Stock Down 1.4 %

Shares of NYSE:AGCO opened at $87.56 on Monday. 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 market cap of $6.53 billion, a PE ratio of 5.92, a price-to-earnings-growth ratio of 0.85 and a beta of 1.25. AGCO has a 52 week low of $84.35 and a 52 week high of $130.26. The firm has a 50 day simple moving average of $93.16 and a 200 day simple moving average of $105.41.

AGCO (NYSE:AGCO) last issued its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $2.53 EPS for the quarter, missing the consensus estimate of $2.90 by ($0.37). The firm had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.48 billion. AGCO had a net margin of 3.13% and a return on equity of 21.17%. The firm’s revenue was down 15.1% compared to the same quarter last year. During the same quarter last year, the company posted $4.29 EPS. As a group, research analysts expect that AGCO will post 8 earnings per share for the current year.

AGCO Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, August 15th will be paid a $0.29 dividend. The ex-dividend date is Thursday, August 15th. This represents a $1.16 dividend on an annualized basis and a yield of 1.32%. AGCO’s payout ratio is presently 7.85%.

Insider Activity at AGCO

In other news, Director Lange Bob De bought 1,420 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average cost of $87.91 per share, for a total transaction of $124,832.20. Following the purchase, the director now owns 7,007 shares of the company’s stock, valued at approximately $615,985.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Lange Bob De bought 1,420 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average cost of $87.91 per share, for a total transaction of $124,832.20. Following the purchase, the director now owns 7,007 shares of the company’s stock, valued at approximately $615,985.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael C. Arnold bought 1,800 shares of the stock in a transaction that occurred 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 completion of the purchase, the director now directly owns 20,465 shares in the company, valued at approximately $1,794,575.85. The disclosure for this purchase can be found here. 16.60% of the stock is currently owned by company insiders.

Institutional Trading of AGCO

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in AGCO by 11.6% in the 1st quarter. Vanguard Group Inc. now owns 7,565,114 shares of the industrial products company’s stock worth $930,660,000 after purchasing an additional 784,617 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of AGCO by 1.7% during the 2nd quarter. Victory Capital Management Inc. now owns 3,699,964 shares of the industrial products company’s stock worth $362,152,000 after acquiring an additional 63,432 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of AGCO by 17.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,259,699 shares of the industrial products company’s stock worth $221,187,000 after acquiring an additional 335,092 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of AGCO by 28.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,791,202 shares of the industrial products company’s stock worth $175,323,000 after acquiring an additional 391,591 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in shares of AGCO by 53.0% during the 2nd quarter. AQR Capital Management LLC now owns 1,747,954 shares of the industrial products company’s stock worth $171,090,000 after acquiring an additional 605,509 shares during the period. 78.80% of the stock is currently owned by institutional investors and hedge funds.

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.