HBK Investments L P increased its position in shares of AGCO Co. (NYSE:AGCO) by 329.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 103,100 shares of the industrial products company’s stock after buying an additional 79,089 shares during the period. HBK Investments L P owned 0.13% of AGCO worth $7,364,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Invictus RG lifted its holdings in AGCO by 265.9% during the third quarter. Invictus RG now owns 1,460 shares of the industrial products company’s stock valued at $108,000 after purchasing an additional 1,061 shares in the last quarter. Avestar Capital LLC purchased a new position in AGCO during the fourth quarter valued at $111,000. Hirtle Callaghan & Co LLC purchased a new position in AGCO during the fourth quarter valued at $163,000. Tower Research Capital LLC TRC purchased a new position in AGCO during the fourth quarter valued at $188,000. Finally, Toronto Dominion Bank lifted its holdings in AGCO by 240.4% during the third quarter. Toronto Dominion Bank now owns 2,686 shares of the industrial products company’s stock valued at $198,000 after purchasing an additional 1,897 shares in the last quarter. 81.92% of the stock is currently owned by hedge funds and other institutional investors.
In related news, VP Richard Robinson Smith sold 2,567 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $67.72, for a total transaction of $173,837.24. Following the completion of the sale, the vice president now directly owns 33,431 shares in the company, valued at $2,263,947.32. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last 90 days, insiders have sold 4,385 shares of company stock valued at $268,581. 16.60% of the stock is owned by company insiders.
AGCO has been the topic of several recent analyst reports. ValuEngine raised shares of AGCO from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Goldman Sachs raised shares of AGCO from a “neutral” rating to a “buy” rating and set a $90.00 price objective on the stock in a report on Thursday, November 30th. Barclays initiated coverage on shares of AGCO in a report on Tuesday, December 12th. They set an “equal weight” rating and a $75.00 price objective on the stock. Seaport Global Securities reaffirmed a “hold” rating on shares of AGCO in a report on Thursday, January 18th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $79.00 price objective on shares of AGCO in a report on Thursday, January 11th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $72.80.
Shares of AGCO stock traded down $0.53 during midday trading on Wednesday, hitting $65.87. 486,595 shares of the stock were exchanged, compared to its average volume of 736,305. The firm has a market capitalization of $5,229.90, a PE ratio of 28.55, a price-to-earnings-growth ratio of 1.42 and a beta of 0.82. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.37 and a quick ratio of 0.66. AGCO Co. has a 1-year low of $58.00 and a 1-year high of $75.95.
AGCO (NYSE:AGCO) last issued its 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). AGCO had a net margin of 2.24% and a return on equity of 8.04%. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same quarter last year, the company earned $0.84 earnings per share. AGCO’s quarterly revenue was up 20.7% on a year-over-year basis. equities research analysts expect that AGCO Co. will post 3.69 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, February 15th were given a dividend of $0.15 per share. This is a boost from AGCO’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend was Wednesday, February 14th. AGCO’s dividend payout ratio (DPR) is presently 25.86%.
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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