Barclays PLC Acquires 76,471 Shares of AGCO Co. (NYSE:AGCO)

Barclays PLC lifted its stake in shares of AGCO Co. (NYSE:AGCO - Free Report) by 30.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 325,680 shares of the industrial products company's stock after buying an additional 76,471 shares during the quarter. Barclays PLC owned about 0.44% of AGCO worth $30,443,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Deroy & Devereaux Private Investment Counsel Inc. bought a new stake in shares of AGCO during the 4th quarter worth $3,144,000. Gateway Investment Advisers LLC bought a new position in shares of AGCO during the fourth quarter valued at $311,000. Olstein Capital Management L.P. raised its holdings in AGCO by 20.8% in the fourth quarter. Olstein Capital Management L.P. now owns 14,500 shares of the industrial products company's stock worth $1,355,000 after buying an additional 2,500 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of AGCO by 28.2% during the third quarter. Principal Financial Group Inc. now owns 684,249 shares of the industrial products company's stock valued at $66,959,000 after purchasing an additional 150,656 shares in the last quarter. Finally, Alberta Investment Management Corp lifted its stake in AGCO by 98.5% during the 4th quarter. Alberta Investment Management Corp now owns 49,020 shares of the industrial products company's stock valued at $4,582,000 after acquiring an additional 24,320 shares during the period. Institutional investors and hedge funds own 78.80% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AGCO. Truist Financial dropped their price target on AGCO from $125.00 to $105.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. JPMorgan Chase & Co. upped 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. Baird R W lowered shares of AGCO from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 3rd. StockNews.com raised AGCO from a "sell" rating to a "hold" rating in a report on Tuesday. Finally, Citigroup upgraded shares of AGCO from a "neutral" rating to a "buy" rating and decreased their target price for the company from $98.00 to $90.00 in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $99.80.

AGCO Stock Up 2.4 %

NYSE:AGCO traded up $1.94 on Thursday, hitting $84.27. 175,421 shares of the company's stock traded hands, compared to its average volume of 890,224. The company has a market cap of $6.29 billion, a PE ratio of -14.77, a price-to-earnings-growth ratio of 1.80 and a beta of 1.16. The firm has a 50-day moving average price of $91.22 and a 200-day moving average price of $95.34. AGCO Co. has a 1 year low of $73.79 and a 1 year high of $119.88. The company has a current ratio of 1.34, a quick ratio of 0.63 and a debt-to-equity ratio of 0.60.

AGCO (NYSE:AGCO - Get Free Report) last announced 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 negative net margin of 3.64% and a positive return on equity of 13.40%. Equities analysts anticipate that AGCO Co. will post 4.2 EPS for the current fiscal year.

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.