AGCO Co. (NYSE:AGCO) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of AGCO Co. (NYSE:AGCO) have earned an average rating of “Hold” from the eleven research firms that are presently covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $118.91.

AGCO has been the subject of a number of research analyst reports. Oppenheimer dropped their price target on AGCO from $133.00 to $132.00 and set an “outperform” rating for the company in a research report on Monday, July 22nd. Barclays dropped their target price on shares of AGCO from $145.00 to $110.00 and set an “equal weight” rating for the company in a research report on Thursday, July 18th. Robert W. Baird decreased their price target on shares of AGCO from $139.00 to $129.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. Citigroup assumed coverage on shares of AGCO in a research report on Wednesday, June 26th. They set a “neutral” rating and a $108.00 price objective on the stock. Finally, Raymond James began coverage on shares of AGCO in a research report on Friday, June 28th. They issued a “market perform” rating for the company.

AGCO Stock Performance

AGCO stock opened at $96.27 on Friday. AGCO 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 has a market capitalization of $7.18 billion, a PE ratio of 6.51, a price-to-earnings-growth ratio of 0.88 and a beta of 1.25. The firm’s 50 day simple moving average is $91.61 and its 200 day simple moving average is $103.21.

AGCO (NYSE:AGCO) last released its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $2.53 earnings per share for the quarter, missing the consensus estimate of $2.90 by ($0.37). The firm 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% compared to the same quarter last year. During the same period in the previous year, the company posted $4.29 EPS. As a group, analysts expect that AGCO will post 8 earnings per share for the current fiscal year.

AGCO Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Thursday, August 15th were paid a dividend of $0.29 per share. The ex-dividend date was Thursday, August 15th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.20%. AGCO’s dividend payout ratio (DPR) is currently 7.85%.

Insider Transactions at AGCO

In related news, Director Michael C. Arnold bought 1,800 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was bought at an average cost of $87.69 per share, for a total transaction 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. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Michael C. Arnold acquired 1,800 shares of the stock in a transaction on Wednesday, August 7th. The stock was purchased 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 owns 20,465 shares of the company’s stock, valued at approximately $1,794,575.85. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Lange Bob De bought 1,420 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was purchased at an average price of $87.91 per share, for a total transaction of $124,832.20. Following the acquisition, the director now directly owns 7,007 shares of the company’s stock, valued at approximately $615,985.37. The disclosure for this purchase can be found here. Company insiders own 16.60% of the company’s stock.

Hedge Funds Weigh In On AGCO

Several hedge funds and other institutional investors have recently modified their holdings of AGCO. FinTrust Capital Advisors LLC increased its holdings in AGCO by 121.9% during the 1st quarter. FinTrust Capital Advisors LLC now owns 213 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 117 shares during the period. Manchester Capital Management LLC raised its holdings in shares of AGCO by 93.2% during the first quarter. Manchester Capital Management LLC now owns 228 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 110 shares in the last quarter. LRI Investments LLC purchased a new stake in AGCO in the first quarter worth $30,000. Blue Trust Inc. lifted its stake in AGCO by 102.4% in the second quarter. Blue Trust Inc. now owns 344 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 174 shares during the period. Finally, First Horizon Advisors Inc. boosted its holdings in AGCO by 69.0% in the second 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.

About AGCO

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.