James Investment Research Inc. lifted its position in shares of AGCO Co. (NYSE:AGCO) by 7.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,000 shares of the industrial products company’s stock after acquiring an additional 1,450 shares during the quarter. James Investment Research Inc.’s holdings in AGCO were worth $1,545,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Prime Capital Investment Advisors LLC purchased a new stake in AGCO during the third quarter worth $26,000. Vigilant Capital Management LLC acquired a new position in shares of AGCO during the 4th quarter worth $39,000. First Mercantile Trust Co. acquired a new position in shares of AGCO during the 3rd quarter worth $38,000. Quest Capital Management Inc. ADV purchased a new stake in shares of AGCO in the 3rd quarter worth about $64,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of AGCO in the 2nd quarter worth about $93,000. Institutional investors and hedge funds own 81.95% of the company’s stock.
A number of equities analysts have issued reports on the stock. OTR Global cut shares of AGCO to a “positive” rating in a research report on Thursday, October 24th. Royal Bank of Canada reiterated a “buy” rating and issued a $90.00 price target on shares of AGCO in a research report on Monday, January 20th. BMO Capital Markets raised shares of AGCO from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $80.00 to $100.00 in a research note on Thursday, November 14th. Citigroup cut their price objective on AGCO from $80.00 to $79.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. Finally, UBS Group reduced their target price on AGCO from $81.00 to $79.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $85.31.
AGCO (NYSE:AGCO) last posted its earnings results on Tuesday, October 29th. The industrial products company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.04. The business had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.21 billion. AGCO had a net margin of 3.42% and a return on equity of 12.26%. The business’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.91 earnings per share. On average, equities analysts anticipate that AGCO Co. will post 5.06 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 14th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.89%. The ex-dividend date is Thursday, February 13th. AGCO’s dividend payout ratio (DPR) is 16.45%.
In related news, VP Gary L. Collar sold 5,000 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $77.76, for a total value of $388,800.00. Following the completion of the transaction, the vice president now owns 78,807 shares of the company’s stock, valued at $6,128,032.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Andrew H. Beck sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $79.62, for a total value of $796,200.00. Following the sale, the chief financial officer now owns 128,218 shares of the company’s stock, valued at approximately $10,208,717.16. The disclosure for this sale can be found here. Insiders own 17.60% of the company’s stock.
AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. The company offers high horsepower tractors for larger farms, primarily for row crop production; 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, and residential uses.
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