AGCO Co. (NYSE:AGCO) Holdings Raised by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC increased its stake in shares of AGCO Co. (NYSE:AGCOFree Report) by 1.9% during the third quarter, HoldingsChannel.com reports. The fund owned 7,283 shares of the industrial products company’s stock after purchasing an additional 135 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in AGCO were worth $861,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its position in shares of AGCO by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 400,094 shares of the industrial products company’s stock worth $47,323,000 after acquiring an additional 4,674 shares during the period. D.A. Davidson & CO. bought a new stake in shares of AGCO in the 3rd quarter worth approximately $218,000. Swiss National Bank lifted its position in shares of AGCO by 1.0% in the 3rd quarter. Swiss National Bank now owns 139,900 shares of the industrial products company’s stock worth $16,547,000 after acquiring an additional 1,400 shares during the period. Amalgamated Bank lifted its position in shares of AGCO by 7.2% in the 3rd quarter. Amalgamated Bank now owns 43,804 shares of the industrial products company’s stock worth $5,181,000 after acquiring an additional 2,934 shares during the period. Finally, New York Life Investment Management LLC lifted its position in shares of AGCO by 104.0% in the 3rd quarter. New York Life Investment Management LLC now owns 6,877 shares of the industrial products company’s stock worth $813,000 after acquiring an additional 3,506 shares during the period. Institutional investors own 75.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on AGCO. JPMorgan Chase & Co. raised their target price on AGCO from $142.00 to $145.00 and gave the stock an “overweight” rating in a research report on Monday, December 4th. Stifel Nicolaus cut their target price on AGCO from $160.00 to $153.00 and set a “buy” rating for the company in a research report on Tuesday, December 19th. StockNews.com downgraded AGCO from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Oppenheimer restated an “outperform” rating and set a $153.00 target price on shares of AGCO in a research report on Wednesday, December 6th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $147.56.

View Our Latest Research Report on AGCO

AGCO Trading Up 1.4 %

AGCO stock opened at $116.69 on Tuesday. The business has a fifty day moving average price of $119.71 and a 200 day moving average price of $119.94. AGCO Co. has a fifty-two week low of $109.81 and a fifty-two week high of $145.53. The stock has a market capitalization of $8.74 billion, a price-to-earnings ratio of 7.47, a P/E/G ratio of 0.65 and a beta of 1.35. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.46 and a quick ratio of 0.67.

AGCO (NYSE:AGCOGet Free Report) last released its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $3.78 earnings per share for the quarter, missing analysts’ consensus estimates of $4.03 by ($0.25). AGCO had a net margin of 8.13% and a return on equity of 26.96%. The business had revenue of $3.80 billion for the quarter, compared to analyst estimates of $4.03 billion. During the same period in the prior year, the business earned $4.47 earnings per share. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. Analysts expect that AGCO Co. will post 13.12 EPS for the current fiscal year.

AGCO Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Thursday, February 15th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.16 annualized dividend and a dividend yield of 0.99%. AGCO’s dividend payout ratio (DPR) is currently 7.42%.

AGCO Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for AGCO (NYSE:AGCO)

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