AGCO (NYSE:AGCO) Trading Up 5.9% - What's Next?

AGCO Co. (NYSE:AGCO - Get Free Report) shares traded up 5.9% during trading on Monday . The company traded as high as $96.45 and last traded at $96.22. 446,090 shares were traded during mid-day trading, a decline of 35% from the average session volume of 688,753 shares. The stock had previously closed at $90.85.

Analyst Ratings Changes

Several equities research analysts have issued reports on AGCO shares. Citigroup lifted their price target on AGCO from $95.00 to $100.00 and gave the stock a "neutral" rating in a research note on Monday, December 9th. StockNews.com raised AGCO from a "sell" rating to a "hold" rating in a research note on Thursday, December 19th. The Goldman Sachs Group lowered their price objective on shares of AGCO from $112.00 to $99.00 and set a "neutral" rating for the company in a report on Wednesday, November 6th. Morgan Stanley started coverage on shares of AGCO in a report on Tuesday, December 3rd. They set an "equal weight" rating and a $101.00 target price on the stock. Finally, Truist Financial boosted their price target on shares of AGCO from $110.00 to $116.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $108.10.

AGCO Stock Up 6.9 %

The company has a 50 day moving average price of $94.97 and a 200-day moving average price of $94.89. The stock has a market capitalization of $7.25 billion, a PE ratio of 42.98, a PEG ratio of 0.56 and a beta of 1.25. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 0.72.

AGCO (NYSE:AGCO - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.40). AGCO had a net margin of 1.35% and a return on equity of 15.79%. The company had revenue of $2.60 billion for the quarter, compared to analysts' expectations of $2.90 billion. During the same quarter in the prior year, the firm earned $3.97 EPS. AGCO's quarterly revenue was down 24.8% compared to the same quarter last year. As a group, analysts forecast that AGCO Co. will post 7.36 earnings per share for the current fiscal year.

AGCO Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 15th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.16 annualized dividend and a yield of 1.19%. AGCO's payout ratio is 51.33%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of AGCO. M&T Bank Corp increased its stake in shares of AGCO by 133.0% during the third quarter. M&T Bank Corp now owns 84,441 shares of the industrial products company's stock valued at $8,263,000 after purchasing an additional 48,198 shares in the last quarter. Royal London Asset Management Ltd. raised its stake in AGCO by 2.0% during the third quarter. Royal London Asset Management Ltd. now owns 623,585 shares of the industrial products company's stock valued at $61,024,000 after buying an additional 12,328 shares during the last quarter. Stratos Wealth Advisors LLC boosted its holdings in AGCO by 42.3% in the third quarter. Stratos Wealth Advisors LLC now owns 17,064 shares of the industrial products company's stock worth $1,670,000 after acquiring an additional 5,069 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in AGCO by 28.2% in the third quarter. Principal Financial Group Inc. now owns 684,249 shares of the industrial products company's stock worth $66,959,000 after acquiring an additional 150,656 shares in the last quarter. Finally, Crossmark Global Holdings Inc. grew its stake in shares of AGCO by 150.1% in the third quarter. Crossmark Global Holdings Inc. now owns 16,591 shares of the industrial products company's stock worth $1,624,000 after acquiring an additional 9,956 shares during the last quarter. 78.80% of the stock is owned by hedge funds and other institutional investors.

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.