Bragg Financial Advisors Inc Buys 158,891 Shares of AGCO Co. (NYSE:AGCO)

Bragg Financial Advisors Inc raised its stake in AGCO Co. (NYSE:AGCO - Free Report) by 1,003.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 174,728 shares of the industrial products company's stock after purchasing an additional 158,891 shares during the quarter. Bragg Financial Advisors Inc owned approximately 0.23% of AGCO worth $16,334,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Orion Portfolio Solutions LLC boosted its position in AGCO by 41.7% during the third quarter. Orion Portfolio Solutions LLC now owns 3,715 shares of the industrial products company's stock worth $364,000 after purchasing an additional 1,093 shares during the period. Barclays PLC increased its position in shares of AGCO by 386.8% in the third quarter. Barclays PLC now owns 249,209 shares of the industrial products company's stock worth $24,389,000 after purchasing an additional 198,014 shares during the period. Geode Capital Management LLC grew its stake in AGCO by 7.2% during the third quarter. Geode Capital Management LLC now owns 1,205,227 shares of the industrial products company's stock worth $121,121,000 after buying an additional 80,516 shares in the last quarter. Coldstream Capital Management Inc. increased its holdings in AGCO by 9.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 3,329 shares of the industrial products company's stock valued at $324,000 after buying an additional 284 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of AGCO during the 3rd quarter worth approximately $52,000. Institutional investors own 78.80% of the company's stock.

AGCO Stock Up 0.8 %

Shares of NYSE:AGCO traded up $0.68 during trading on Friday, reaching $80.96. 984,072 shares of the stock were exchanged, compared to its average volume of 890,065. The firm has a market cap of $6.04 billion, a price-to-earnings ratio of -14.23, a price-to-earnings-growth ratio of 1.80 and a beta of 1.16. The stock has a fifty day moving average of $92.43 and a two-hundred day moving average of $95.79. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.34 and a quick ratio of 0.63. AGCO Co. has a 1-year low of $73.79 and a 1-year high of $121.49.

AGCO (NYSE:AGCO - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.97 earnings per share (EPS) 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%. Research analysts anticipate that AGCO Co. will post 4.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Morgan Stanley cut shares of AGCO from an "equal weight" rating to an "underweight" rating and decreased their price objective for the company from $94.00 to $75.00 in a research note on Wednesday. Robert W. Baird downgraded AGCO from an "outperform" rating to a "neutral" rating and dropped their price objective for the stock from $116.00 to $100.00 in a research report on Monday, March 3rd. JPMorgan Chase & Co. lifted their target price on AGCO from $102.00 to $111.00 and gave the company an "overweight" rating in a research report on Wednesday, January 15th. Citigroup raised shares of AGCO from a "neutral" rating to a "buy" rating and dropped their target price for the stock from $98.00 to $90.00 in a report on Tuesday, April 8th. Finally, Oppenheimer upped their price objective on shares of AGCO from $108.00 to $109.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, AGCO has an average rating of "Hold" and an average price target of $98.30.

AGCO 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.