AGCO Co. (NYSE:AGCO - Get Free Report)'s share price traded down 4.6% during mid-day trading on Tuesday . The company traded as low as $93.30 and last traded at $93.38. 135,831 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 757,237 shares. The stock had previously closed at $97.87.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on AGCO. The Goldman Sachs Group decreased their price target on shares of AGCO from $127.00 to $112.00 and set a "neutral" rating on the stock in a report on Thursday, July 11th. StockNews.com cut AGCO from a "hold" rating to a "sell" rating in a report on Thursday, August 1st. UBS Group reduced their price target on AGCO from $107.00 to $104.00 and set a "neutral" rating on the stock in a report on Wednesday, July 31st. Barclays reduced their target price on shares of AGCO from $145.00 to $110.00 and set an "equal weight" rating on the stock in a report on Thursday, July 18th. Finally, Oppenheimer reduced their price objective on shares of AGCO from $133.00 to $132.00 and set an "outperform" rating on the stock in a research note on Monday, July 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $117.80.
Check Out Our Latest Stock Report on AGCO
AGCO Trading Down 7.8 %
The business has a fifty day moving average of $95.52 and a 200-day moving average of $99.57. 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 capitalization of $6.73 billion, a P/E ratio of 16.11, a PEG ratio of 0.94 and a beta of 1.25.
AGCO Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be issued a $0.29 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.29%. AGCO's dividend payout ratio is presently 20.71%.
Insider Buying and Selling at AGCO
In other news, Director Michael C. Arnold bought 1,800 shares of AGCO stock in a transaction dated 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 purchase, the director now directly owns 20,465 shares in the company, valued at $1,794,575.85. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 16.80% of the company's stock.
Hedge Funds Weigh In On AGCO
Hedge funds and other institutional investors have recently made changes to their positions in the stock. FinTrust Capital Advisors LLC increased its position in AGCO by 121.9% in the first quarter. FinTrust Capital Advisors LLC now owns 213 shares of the industrial products company's stock worth $26,000 after buying an additional 117 shares during the last quarter. Manchester Capital Management LLC lifted its holdings in AGCO by 93.2% during the first quarter. Manchester Capital Management LLC now owns 228 shares of the industrial products company's stock valued at $28,000 after purchasing an additional 110 shares during the last quarter. LRI Investments LLC bought a new position in AGCO during the first quarter worth about $30,000. Blue Trust Inc. increased its stake in shares of AGCO by 102.4% in the second quarter. Blue Trust Inc. now owns 344 shares of the industrial products company's stock worth $34,000 after purchasing an additional 174 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its position in shares of 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 purchasing an additional 210 shares during the period. 78.80% of the stock is 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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