AGCO Co. (NYSE:AGCO) Stake Lifted by CX Institutional

CX Institutional grew its holdings in AGCO Co. (NYSE:AGCO - Free Report) by 33.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,150 shares of the industrial products company's stock after acquiring an additional 11,971 shares during the period. CX Institutional owned about 0.06% of AGCO worth $4,712,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in AGCO. Vanguard Group Inc. grew its holdings in AGCO by 11.6% during the 1st quarter. Vanguard Group Inc. now owns 7,565,114 shares of the industrial products company's stock valued at $930,660,000 after buying an additional 784,617 shares in the last quarter. Victory Capital Management Inc. increased its holdings in AGCO by 1.7% in the 2nd quarter. Victory Capital Management Inc. now owns 3,699,964 shares of the industrial products company's stock valued at $362,152,000 after acquiring an additional 63,432 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in AGCO by 17.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,259,699 shares of the industrial products company's stock worth $221,187,000 after purchasing an additional 335,092 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of AGCO by 28.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,791,202 shares of the industrial products company's stock valued at $175,323,000 after purchasing an additional 391,591 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in shares of AGCO by 53.0% during the second quarter. AQR Capital Management LLC now owns 1,747,954 shares of the industrial products company's stock valued at $171,090,000 after purchasing an additional 605,509 shares in the last quarter. Institutional investors own 78.80% of the company's stock.

AGCO Trading Up 1.3 %

AGCO traded up $1.33 during mid-day trading on Wednesday, hitting $100.08. 645,974 shares of the stock were exchanged, compared to its average volume of 764,885. The company has a market cap of $7.47 billion, a PE ratio of 6.81, a PEG ratio of 0.91 and a beta of 1.25. AGCO Co. has a 1-year low of $84.35 and a 1-year high of $130.26. The company has a current ratio of 1.52, a quick ratio of 0.72 and a debt-to-equity ratio of 0.89. The firm's fifty day moving average is $92.22 and its two-hundred day moving average is $101.79.

AGCO (NYSE:AGCO - Get Free Report) last issued its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $2.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.90 by ($0.37). The firm had revenue of $3.25 billion during the quarter, compared to analysts' expectations of $3.48 billion. AGCO had a return on equity of 21.17% and a net margin of 3.13%. The firm's revenue was down 15.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.29 EPS. Equities analysts forecast that AGCO Co. will post 8 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AGCO has been the topic of a number of research analyst reports. JPMorgan Chase & Co. dropped their price target on AGCO from $130.00 to $115.00 and set an "overweight" rating for the company in a research note on Wednesday, July 31st. Truist Financial increased their target price on AGCO from $118.00 to $127.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. The Goldman Sachs Group reduced their price target on shares of AGCO from $127.00 to $112.00 and set a "neutral" rating on the stock in a research report on Thursday, July 11th. Raymond James started coverage on AGCO in a research report on Friday, June 28th. They issued a "market perform" rating for the company. Finally, UBS Group reduced their target price on shares of AGCO from $107.00 to $104.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, AGCO presently has a consensus rating of "Hold" and an average target price of $117.80.

Insider Activity at AGCO

In other AGCO news, Director Lange Bob De acquired 1,420 shares of the company's stock in a transaction that occurred on Monday, August 5th. The shares were purchased at an average price of $87.91 per share, with a total value of $124,832.20. Following the completion of the acquisition, the director now directly owns 7,007 shares of the company's stock, valued at approximately $615,985.37. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Lange Bob De acquired 1,420 shares of the firm's stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average price of $87.91 per share, with a total value of $124,832.20. Following the completion of the purchase, the director now directly owns 7,007 shares in the company, valued at approximately $615,985.37. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael C. Arnold bought 1,800 shares of AGCO stock in a transaction that occurred on Wednesday, August 7th. The shares were acquired at an average price of $87.69 per share, for a total transaction of $157,842.00. Following the completion of the transaction, the director now directly owns 20,465 shares of the company's stock, valued at $1,794,575.85. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 16.60% of the stock is currently owned by insiders.

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.