Headlands Technologies LLC Takes Position in AGCO Co. (NYSE:AGCO)

Headlands Technologies LLC bought a new position in shares of AGCO Co. (NYSE:AGCO) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 999 shares of the industrial products company’s stock, valued at approximately $121,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Rakuten Securities Inc. acquired a new position in shares of AGCO during the fourth quarter worth about $26,000. FinTrust Capital Advisors LLC acquired a new position in AGCO during the 3rd quarter worth approximately $26,000. Legacy Financial Group LLC acquired a new position in AGCO during the 3rd quarter worth approximately $27,000. Allworth Financial LP increased its position in shares of AGCO by 72.3% in the 4th quarter. Allworth Financial LP now owns 286 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 120 shares during the last quarter. Finally, BluePath Capital Management LLC acquired a new stake in shares of AGCO in the 3rd quarter valued at $35,000. 78.80% of the stock is owned by institutional investors and hedge funds.

AGCO Trading Up 2.2 %

Shares of AGCO stock opened at $119.14 on Tuesday. AGCO Co. has a 52-week low of $105.77 and a 52-week high of $140.46. The company’s 50-day simple moving average is $116.23 and its 200-day simple moving average is $117.07. The firm has a market cap of $8.89 billion, a price-to-earnings ratio of 7.62, a price-to-earnings-growth ratio of 0.67 and a beta of 1.31. The company has a quick ratio of 0.67, a current ratio of 1.46 and a debt-to-equity ratio of 0.30.

AGCO (NYSE:AGCO) last released its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $3.78 EPS for the quarter, missing analysts’ consensus estimates of $4.03 by ($0.25). AGCO had a return on equity of 26.96% and a net margin of 8.13%. The company had revenue of $3.80 billion for the quarter, compared to analysts’ expectations of $4.03 billion. During the same period in the prior year, the firm posted $4.47 EPS. The firm’s quarterly revenue was down 2.5% on a year-over-year basis. As a group, equities research analysts anticipate that AGCO Co. will post 13.06 earnings per share for the current year.

AGCO Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Wednesday, May 15th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Tuesday, May 14th. AGCO’s dividend payout ratio (DPR) is presently 7.42%.

Wall Street Analyst Weigh In

AGCO has been the subject of a number of analyst reports. Truist Financial began coverage on shares of AGCO in a research note on Thursday, March 14th. They set a “buy” rating and a $142.00 target price for the company. StockNews.com cut AGCO from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Oppenheimer boosted their target price on AGCO from $153.00 to $154.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 16th. Finally, JPMorgan Chase & Co. raised their price objective on shares of AGCO from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $150.50.

AGCO 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.