Barclays PLC boosted its holdings in shares of AGCO Co. (NYSE:AGCO - Free Report) by 386.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 249,209 shares of the industrial products company's stock after buying an additional 198,014 shares during the quarter. Barclays PLC owned 0.33% of AGCO worth $24,389,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Brooklyn Investment Group acquired a new stake in shares of AGCO in the third quarter valued at $29,000. LRI Investments LLC boosted its stake in shares of AGCO by 94.3% in the 2nd quarter. LRI Investments LLC now owns 340 shares of the industrial products company's stock valued at $33,000 after buying an additional 165 shares during the period. Blue Trust Inc. grew its position in shares of AGCO by 102.4% during the second quarter. Blue Trust Inc. now owns 344 shares of the industrial products company's stock worth $34,000 after buying an additional 174 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in AGCO by 132.9% in the third quarter. Venturi Wealth Management LLC now owns 368 shares of the industrial products company's stock valued at $36,000 after acquiring an additional 210 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its stake in AGCO by 69.0% in the second quarter. First Horizon Advisors Inc. now owns 409 shares of the industrial products company's stock worth $40,000 after acquiring an additional 167 shares during the last quarter. Hedge funds and other institutional investors own 78.80% of the company's stock.
AGCO Stock Performance
Shares of NYSE AGCO traded up $0.35 during midday trading on Friday, reaching $97.12. 919,363 shares of the company were exchanged, compared to its average volume of 790,398. The stock has a fifty day simple moving average of $97.55 and a 200 day simple moving average of $96.35. The company has a current ratio of 1.53, a quick ratio of 0.72 and a debt-to-equity ratio of 0.87. The stock has a market cap of $7.25 billion, a P/E ratio of 42.97, a PEG ratio of 0.56 and a beta of 1.24. AGCO Co. has a 1 year low of $84.35 and a 1 year high of $130.26.
AGCO (NYSE:AGCO - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.68 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.40). The company had revenue of $2.60 billion for the quarter, compared to analysts' expectations of $2.90 billion. AGCO had a return on equity of 15.79% and a net margin of 1.35%. AGCO's revenue for the quarter was down 24.8% compared to the same quarter last year. During the same quarter last year, the company earned $3.97 EPS. On average, research analysts forecast that AGCO Co. will post 7.36 earnings per share for the current fiscal year.
AGCO Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be given a $0.29 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.16 dividend on an annualized basis and a yield of 1.19%. AGCO's payout ratio is currently 51.33%.
Analyst Ratings Changes
A number of brokerages have recently weighed in on AGCO. StockNews.com lowered shares of AGCO from a "hold" rating to a "sell" rating in a report on Wednesday. Citigroup raised their price target on AGCO from $95.00 to $100.00 and gave the company a "neutral" rating in a research note on Monday, December 9th. The Goldman Sachs Group lowered their price objective on AGCO from $112.00 to $99.00 and set a "neutral" rating for the company in a research report on Wednesday, November 6th. Morgan Stanley started coverage on AGCO in a research note on Tuesday, December 3rd. They set an "equal weight" rating and a $101.00 target price for the company. Finally, Oppenheimer dropped their price target on shares of AGCO from $131.00 to $111.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, AGCO has a consensus rating of "Hold" and a consensus target price of $113.18.
View Our Latest Stock Analysis on AGCO
AGCO Company Profile
(
Free Report)
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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