56,566 Shares in AGCO Co. (NYSE:AGCO) Acquired by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. bought a new stake in shares of AGCO Co. (NYSE:AGCO - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 56,566 shares of the industrial products company's stock, valued at approximately $5,536,000. Harbor Capital Advisors Inc. owned 0.08% of AGCO as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of AGCO by 11.6% in 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. boosted its holdings in AGCO by 1.7% in the second quarter. Victory Capital Management Inc. now owns 3,699,964 shares of the industrial products company's stock worth $362,152,000 after purchasing an additional 63,432 shares in the last quarter. Dimensional Fund Advisors LP increased its position in AGCO by 17.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,259,699 shares of the industrial products company's stock worth $221,187,000 after buying an additional 335,092 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in AGCO by 28.0% during the second 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 buying an additional 391,591 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of AGCO by 53.0% in the second quarter. AQR Capital Management LLC now owns 1,747,954 shares of the industrial products company's stock worth $171,090,000 after buying an additional 605,509 shares during the last quarter. 78.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on AGCO. Citigroup increased their price objective on AGCO from $88.00 to $100.00 and gave the company a "neutral" rating in a report on Wednesday, October 9th. StockNews.com cut shares of AGCO from a "hold" rating to a "sell" rating in a research note on Thursday, August 1st. Robert W. Baird lowered their target price on shares of AGCO from $139.00 to $129.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 31st. UBS Group cut their target price on shares of AGCO from $107.00 to $104.00 and set a "neutral" rating for the company in a research report on Wednesday, July 31st. Finally, Oppenheimer lowered their price target on AGCO from $133.00 to $132.00 and set an "outperform" rating on the stock in a research report on Monday, July 22nd. One 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 a consensus price target of $117.80.

Insider Buying and Selling at AGCO

In other AGCO news, Director Michael C. Arnold purchased 1,800 shares of the company's stock in a transaction that occurred on Wednesday, August 7th. The stock was purchased at an average price of $87.69 per share, with a total value 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 approximately $1,794,575.85. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 16.60% of the company's stock.

AGCO Stock Performance

Shares of AGCO stock traded down $1.52 during mid-day trading on Monday, reaching $97.87. The stock had a trading volume of 1,089,458 shares, compared to its average volume of 760,154. The firm has a market cap of $7.31 billion, a PE ratio of 17.48, a P/E/G ratio of 0.95 and a beta of 1.25. The company has a quick ratio of 0.72, a current ratio of 1.52 and a debt-to-equity ratio of 0.89. AGCO Co. has a one year low of $84.35 and a one year high of $130.26. The firm's 50 day simple moving average is $95.38 and its 200 day simple moving average is $99.90.

AGCO Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.29 per share. The ex-dividend date is Friday, November 15th. This represents a $1.16 dividend on an annualized basis and a yield of 1.19%. AGCO's dividend payout ratio is currently 20.71%.

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.