Jade Capital Advisors LLC Takes Position in AGCO Co. (NYSE:AGCO)

Jade Capital Advisors LLC acquired a new stake in AGCO Co. (NYSE:AGCO - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 10,000 shares of the industrial products company's stock, valued at approximately $979,000.

A number of other hedge funds also recently made changes to their positions in AGCO. FinTrust Capital Advisors LLC lifted its position in shares of AGCO by 121.9% in the first quarter. FinTrust Capital Advisors LLC now owns 213 shares of the industrial products company's stock valued at $26,000 after buying an additional 117 shares during the last quarter. Manchester Capital Management LLC increased its stake in shares of AGCO by 93.2% in the 1st quarter. Manchester Capital Management LLC now owns 228 shares of the industrial products company's stock valued at $28,000 after purchasing an additional 110 shares during the last quarter. LRI Investments LLC bought a new position in shares of AGCO in the 1st quarter valued at $30,000. Blue Trust Inc. boosted its holdings in shares of AGCO by 102.4% during the 2nd quarter. Blue Trust Inc. now owns 344 shares of the industrial products company's stock valued at $34,000 after acquiring an additional 174 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in shares of AGCO by 69.0% during 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 in the last quarter. 78.80% of the stock is owned by institutional investors and hedge funds.

AGCO Stock Performance

Shares of AGCO remained flat at $98.62 on Tuesday. 581,712 shares of the company traded hands, compared to its average volume of 762,667. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.52 and a quick ratio of 0.72. AGCO Co. has a 12 month low of $84.35 and a 12 month high of $130.26. The stock has a market cap of $7.36 billion, a P/E ratio of 6.72, a PEG ratio of 0.91 and a beta of 1.25. The firm has a 50 day simple moving average of $93.28 and a 200 day simple moving average of $101.21.

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

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Citigroup lifted their target price on AGCO from $88.00 to $100.00 and gave the stock a "neutral" rating in a report on Wednesday, October 9th. The Goldman Sachs Group decreased their price objective on AGCO from $127.00 to $112.00 and set a "neutral" rating for the company in a report on Thursday, July 11th. Barclays reduced their target price on AGCO from $145.00 to $110.00 and set an "equal weight" rating for the company in a report on Thursday, July 18th. Robert W. Baird reduced their target price on AGCO from $139.00 to $129.00 and set an "outperform" rating for the company in a report on Wednesday, July 31st. Finally, Oppenheimer reduced their target price on AGCO from $133.00 to $132.00 and set an "outperform" rating for the company in a report on Monday, July 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, AGCO currently has an average rating of "Hold" and an average target price of $117.80.

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.