AGCO (NYSE:AGCO) Hits New 52-Week Low – Should You Sell?

AGCO Co. (NYSE:AGCO) shares reached a new 52-week low on Thursday . The company traded as low as $83.00 and last traded at $83.75, with a volume of 457350 shares changing hands. The stock had previously closed at $92.52.

Analyst Ratings Changes

A number of research firms have recently issued reports on AGCO. Robert W. Baird cut shares of AGCO from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $116.00 to $100.00 in a research note on Monday, March 3rd. JPMorgan Chase & Co. raised their price target on AGCO from $102.00 to $111.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 15th. Citigroup raised their price target on shares of AGCO from $95.00 to $98.00 and gave the company a “neutral” rating in a research note on Monday, March 17th. StockNews.com upgraded shares of AGCO from a “sell” rating to a “hold” rating in a research report on Friday, February 7th. Finally, Oppenheimer lifted their target price on shares of AGCO from $108.00 to $109.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Ten analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $104.60.

AGCO Price Performance

The company has a debt-to-equity ratio of 0.60, a current ratio of 1.34 and a quick ratio of 0.63. The firm has a market capitalization of $6.13 billion, a PE ratio of -14.44, a PEG ratio of 1.80 and a beta of 1.24. The firm has a 50-day simple moving average of $97.94 and a 200-day simple moving average of $97.00.

AGCO (NYSE:AGCO) last announced its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, equities analysts forecast that AGCO Co. will post 4.2 earnings per share for the current year.

AGCO Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.41%. AGCO’s dividend payout ratio is presently -20.39%.

Hedge Funds Weigh In On AGCO

A number of hedge funds have recently added to or reduced their stakes in AGCO. GeoWealth Management LLC bought a new stake in shares of AGCO in the 4th quarter valued at about $27,000. Allworth Financial LP lifted its position in AGCO by 333.3% during the fourth quarter. Allworth Financial LP now owns 286 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 220 shares during the period. UMB Bank n.a. grew its holdings in AGCO by 84.2% during the fourth quarter. UMB Bank n.a. now owns 337 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 154 shares during the period. Cullen Frost Bankers Inc. acquired a new stake in shares of AGCO during the 4th quarter worth approximately $33,000. Finally, LRI Investments LLC increased its holdings in AGCO by 50.0% in the third quarter. LRI Investments LLC now owns 510 shares of the industrial products company’s stock valued at $47,000 after buying an additional 170 shares in the last quarter. 78.80% of the stock is currently owned by institutional investors.

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.