HBK Investments L P grew its holdings in shares of AGCO Co. (NYSE:AGCO) by 329.4% in the fourth quarter, Holdings Channel reports. The fund owned 103,100 shares of the industrial products company’s stock after purchasing an additional 79,089 shares during the period. HBK Investments L P’s holdings in AGCO were worth $7,364,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of AGCO. Invictus RG boosted its position in shares of AGCO by 265.9% during the 3rd quarter. Invictus RG now owns 1,460 shares of the industrial products company’s stock valued at $108,000 after acquiring an additional 1,061 shares during the last quarter. Avestar Capital LLC bought a new stake in shares of AGCO during the 4th quarter valued at about $111,000. Hirtle Callaghan & Co LLC bought a new stake in shares of AGCO during the 4th quarter valued at about $163,000. Tower Research Capital LLC TRC bought a new stake in shares of AGCO during the 4th quarter valued at about $188,000. Finally, Advisor Group Inc. boosted its position in shares of AGCO by 187.9% during the 4th quarter. Advisor Group Inc. now owns 2,709 shares of the industrial products company’s stock valued at $192,000 after acquiring an additional 1,768 shares during the last quarter. Hedge funds and other institutional investors own 81.99% of the company’s stock.
AGCO Co. (NYSE:AGCO) opened at $67.64 on Wednesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.37 and a quick ratio of 0.66. The company has a market capitalization of $5,336.59, a P/E ratio of 29.16, a price-to-earnings-growth ratio of 1.45 and a beta of 0.82. AGCO Co. has a 12 month low of $58.00 and a 12 month high of $75.95.
AGCO (NYSE:AGCO) last announced its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $1.10 EPS for the quarter, missing the Zacks’ consensus estimate of $1.11 by ($0.01). The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.40 billion. AGCO had a return on equity of 8.04% and a net margin of 2.24%. AGCO’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same period last year, the firm earned $0.84 earnings per share. equities analysts predict that AGCO Co. will post 3.69 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, February 15th will be paid a $0.15 dividend. This is a boost from AGCO’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend is Wednesday, February 14th. AGCO’s payout ratio is 25.86%.
In other AGCO news, VP Richard Robinson Smith sold 2,567 shares of AGCO stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $67.72, for a total value of $173,837.24. Following the transaction, the vice president now directly owns 33,431 shares of the company’s stock, valued at approximately $2,263,947.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 4,385 shares of company stock worth $268,581 over the last ninety days. Insiders own 16.60% of the company’s stock.
A number of equities analysts recently weighed in on the company. Morgan Stanley assumed coverage on AGCO in a report on Friday, March 2nd. They set an “underweight” rating and a $69.00 price objective on the stock. ValuEngine raised AGCO from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. BMO Capital Markets decreased their price objective on AGCO from $85.00 to $75.00 and set a “market perform” rating on the stock in a report on Thursday, February 8th. Credit Suisse Group decreased their price objective on AGCO from $75.00 to $72.00 and set a “neutral” rating on the stock in a report on Wednesday, February 7th. Finally, Bank of America decreased their price objective on AGCO from $70.00 to $64.00 and set an “underperform” rating on the stock in a report on Wednesday, February 7th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the stock. AGCO currently has a consensus rating of “Hold” and a consensus target price of $72.80.
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AGCO Company Profile
AGCO Corporation is a manufacturer and distributor of agricultural equipment and related replacement parts. The Company sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage equipment, implements, and grain storage and protein production systems.
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