AGCO Co. (NYSE:AGCO) is Blue Door Asset Management LLC's 9th Largest Position

Blue Door Asset Management LLC boosted its holdings in AGCO Co. (NYSE:AGCO - Free Report) by 143.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 109,600 shares of the industrial products company's stock after purchasing an additional 64,600 shares during the quarter. AGCO comprises 3.8% of Blue Door Asset Management LLC's portfolio, making the stock its 9th largest position. Blue Door Asset Management LLC owned approximately 0.15% of AGCO worth $10,245,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in AGCO. GeoWealth Management LLC bought a new stake in AGCO during the 4th quarter valued at about $27,000. Allworth Financial LP increased its position in shares of AGCO by 333.3% during the fourth quarter. Allworth Financial LP now owns 286 shares of the industrial products company's stock valued at $30,000 after acquiring an additional 220 shares in the last quarter. UMB Bank n.a. lifted its position in AGCO by 84.2% in the 4th quarter. UMB Bank n.a. now owns 337 shares of the industrial products company's stock valued at $32,000 after acquiring an additional 154 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new stake in AGCO during the 4th quarter valued at $33,000. Finally, Jones Financial Companies Lllp increased its holdings in shares of AGCO by 112.3% in the 4th quarter. Jones Financial Companies Lllp now owns 501 shares of the industrial products company's stock worth $47,000 after purchasing an additional 265 shares in the last quarter. Institutional investors own 78.80% of the company's stock.

AGCO Stock Up 2.2 %

AGCO stock opened at $81.66 on Wednesday. The business's 50-day moving average price is $91.53 and its 200-day moving average price is $95.43. The stock has a market cap of $6.09 billion, a P/E ratio of -14.35, a PEG ratio of 1.80 and a beta of 1.16. The company has a quick ratio of 0.63, a current ratio of 1.34 and a debt-to-equity ratio of 0.60. AGCO Co. has a twelve month low of $73.79 and a twelve month high of $121.49.

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

Analysts Set New Price Targets

Several research firms recently commented on AGCO. JPMorgan Chase & Co. increased their price objective on AGCO from $102.00 to $111.00 and gave the company an "overweight" rating in a research report on Wednesday, January 15th. Oppenheimer decreased their price objective on shares of AGCO from $109.00 to $106.00 and set an "outperform" rating for the company in a report on Tuesday. Truist Financial dropped their target price on shares of AGCO from $125.00 to $105.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Robert W. Baird lowered shares of AGCO from an "outperform" rating to a "neutral" rating and decreased their target price for the company from $116.00 to $100.00 in a research note on Monday, March 3rd. Finally, StockNews.com upgraded AGCO from a "sell" rating to a "hold" rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $99.80.

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.

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