AGCO Co. (NYSE:AGCO) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its stake in shares of AGCO Co. (NYSE:AGCO - Free Report) by 29.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,713 shares of the industrial products company's stock after acquiring an additional 7,124 shares during the period. BNP Paribas Financial Markets' holdings in AGCO were worth $3,103,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Brooklyn Investment Group bought a new stake in shares of AGCO in the 3rd quarter valued at about $29,000. LRI Investments LLC lifted its holdings in AGCO by 94.3% during the second quarter. LRI Investments LLC now owns 340 shares of the industrial products company's stock worth $33,000 after buying an additional 165 shares during the period. Blue Trust Inc. lifted its holdings in 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 during the period. Venturi Wealth Management LLC boosted its position in AGCO by 132.9% during the 3rd 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. increased its holdings in shares of AGCO by 69.0% in the 2nd quarter. First Horizon Advisors Inc. now owns 409 shares of the industrial products company's stock valued at $40,000 after acquiring an additional 167 shares during the period. Hedge funds and other institutional investors own 78.80% of the company's stock.

AGCO Stock Performance

AGCO traded down $1.05 on Friday, reaching $96.41. 1,049,068 shares of the stock were exchanged, compared to its average volume of 787,772. The company's 50-day moving average price is $97.51 and its 200 day moving average price is $96.74. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 0.72. The firm has a market capitalization of $7.20 billion, a PE ratio of 42.66, a PEG ratio of 0.57 and a beta of 1.24. AGCO Co. has a fifty-two week low of $84.35 and a fifty-two week high of $130.26.

AGCO (NYSE:AGCO - Get Free Report) last released its earnings results on Tuesday, November 5th. The industrial products company reported $0.68 EPS for the quarter, missing analysts' consensus estimates of $1.08 by ($0.40). AGCO had a return on equity of 15.79% and a net margin of 1.35%. The firm had revenue of $2.60 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period last year, the firm earned $3.97 EPS. The company's revenue for the quarter was down 24.8% compared to the same quarter last year. As a group, sell-side analysts forecast that AGCO Co. will post 7.34 EPS for the current fiscal year.

AGCO Dividend Announcement

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 dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.16 annualized dividend and a dividend yield of 1.20%. AGCO's dividend payout ratio (DPR) is presently 51.33%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AGCO. Citigroup raised their price objective on AGCO from $88.00 to $100.00 and gave the company a "neutral" rating in a research report on Wednesday, October 9th. StockNews.com cut shares of AGCO from a "hold" rating to a "sell" rating in a report on Thursday, November 28th. Morgan Stanley assumed coverage on shares of AGCO in a research note on Tuesday. They set an "equal weight" rating and a $101.00 price objective for the company. The Goldman Sachs Group lowered their target price on shares of AGCO from $112.00 to $99.00 and set a "neutral" rating for the company in a research note on Wednesday, November 6th. Finally, Truist Financial upped their price target on AGCO from $118.00 to $127.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, AGCO currently has an average rating of "Hold" and an average target price of $113.18.

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.