Brandes Investment Partners LP acquired a new stake in AGCO Co. (NYSE:AGCO - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 9,176 shares of the industrial products company's stock, valued at approximately $858,000.
Other hedge funds have also recently bought and sold shares of the company. Pacer Advisors Inc. raised its stake in shares of AGCO by 34.3% during the 3rd quarter. Pacer Advisors Inc. now owns 2,110,408 shares of the industrial products company's stock worth $206,525,000 after buying an additional 538,955 shares during the last quarter. State Street Corp increased its holdings in AGCO by 4.3% during the 3rd quarter. State Street Corp now owns 1,978,963 shares of the industrial products company's stock valued at $193,661,000 after acquiring an additional 80,846 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in AGCO by 3.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,857,505 shares of the industrial products company's stock worth $181,775,000 after acquiring an additional 66,303 shares during the last quarter. Geode Capital Management LLC grew its position in shares of AGCO by 7.2% in the third quarter. Geode Capital Management LLC now owns 1,205,227 shares of the industrial products company's stock valued at $121,121,000 after purchasing an additional 80,516 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of AGCO by 4.0% in the fourth quarter. Principal Financial Group Inc. now owns 711,687 shares of the industrial products company's stock valued at $66,536,000 after purchasing an additional 27,438 shares during the last quarter. 78.80% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on the company. StockNews.com raised AGCO from a "sell" rating to a "hold" rating in a research note on Friday, February 7th. Oppenheimer upped their price objective on AGCO from $108.00 to $109.00 and gave the company an "outperform" rating in a research report on Tuesday, January 28th. Citigroup lifted their price objective on AGCO from $95.00 to $98.00 and gave the stock a "neutral" rating in a research report on Monday. Truist Financial boosted their target price on shares of AGCO from $109.00 to $118.00 and gave the company a "buy" rating in a research note on Thursday, January 16th. Finally, Morgan Stanley began coverage on shares of AGCO in a research note on Tuesday, December 3rd. They set an "equal weight" rating and a $101.00 price target on the stock. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $104.60.
Check Out Our Latest Report on AGCO
AGCO Trading Down 0.9 %
AGCO stock traded down $0.84 on Thursday, hitting $94.50. 642,901 shares of the company were exchanged, compared to its average volume of 817,764. The stock has a market capitalization of $7.05 billion, a price-to-earnings ratio of -16.61, a price-to-earnings-growth ratio of 1.80 and a beta of 1.24. The business's fifty day moving average is $98.70 and its two-hundred day moving average is $96.63. AGCO Co. has a twelve month low of $84.35 and a twelve month high of $125.76. 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 (NYSE:AGCO - Get Free Report) last issued its earnings results on Thursday, February 6th. The industrial products company reported $1.97 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.04). AGCO had a positive return on equity of 13.40% and a negative net margin of 3.64%. As a group, research analysts forecast that AGCO Co. will post 4.2 earnings per share for the current year.
AGCO Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date was Friday, February 14th. AGCO's dividend payout ratio (DPR) is presently -20.39%.
About AGCO
(
Free Report)
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.
Read More
Before you consider AGCO, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AGCO wasn't on the list.
While AGCO currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are hedge funds and endowments buying in today's market? Enter your email address and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying now.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
