Barclays PLC Buys 76,471 Shares of AGCO Co. (NYSE:AGCO)

Barclays PLC increased its stake in AGCO Co. (NYSE:AGCO) by 30.7% in the fourth quarter, HoldingsChannel reports. The fund owned 325,680 shares of the industrial products company’s stock after purchasing an additional 76,471 shares during the period. Barclays PLC’s holdings in AGCO were worth $30,443,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Allworth Financial LP grew its holdings in AGCO by 333.3% in the 4th quarter. Allworth Financial LP now owns 286 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 220 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of AGCO by 84.2% during the fourth quarter. UMB Bank n.a. now owns 337 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 154 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new stake in AGCO in the fourth quarter worth $33,000. Jones Financial Companies Lllp boosted its holdings in AGCO by 112.3% in the fourth quarter. Jones Financial Companies Lllp now owns 501 shares of the industrial products company’s stock valued at $47,000 after acquiring an additional 265 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in AGCO by 174.7% during the 4th quarter. GAMMA Investing LLC now owns 544 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 346 shares during the period. 78.80% of the stock is owned by hedge funds and other institutional investors.

AGCO Price Performance

AGCO opened at $80.96 on Friday. The company’s 50-day simple moving average is $92.13 and its two-hundred day simple moving average is $95.67. AGCO Co. has a 52-week low of $73.79 and a 52-week high of $121.49. The stock has a market capitalization of $6.04 billion, a P/E ratio of -14.23, a P/E/G ratio of 1.80 and a beta of 1.16. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.63 and a current ratio of 1.34.

AGCO (NYSE:AGCO) last released its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.04). AGCO had a positive return on equity of 13.40% and a negative net margin of 3.64%. As a group, analysts predict that AGCO Co. will post 4.2 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Baird R W lowered shares of AGCO from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 3rd. Truist Financial decreased their price objective on AGCO from $125.00 to $105.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. StockNews.com raised shares of AGCO from a “sell” rating to a “hold” rating in a research report on Friday, April 11th. Oppenheimer upped their price objective on shares of AGCO from $108.00 to $109.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Finally, Citigroup raised AGCO from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $98.00 to $90.00 in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, AGCO presently has a consensus rating of “Hold” and an average target price of $98.30.

AGCO Company 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.