Vanguard Group Inc. raised its stake in shares of Agco Corp. (NYSE:AGCO) by 1.8% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 5,268,974 shares of the company’s stock after buying an additional 90,825 shares during the period. Vanguard Group Inc. owned about 6.43% of Agco Corp. worth $248,327,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Seven Eight Capital LLC purchased a new stake in Agco Corp. during the first quarter valued at $226,000. Huntington Asset Advisors Inc. bought a new stake in Agco Corp. during the first quarter valued at approximately $231,000. Sii Investments Inc. WI bought a new stake in Agco Corp. during the second quarter valued at approximately $224,000. Gratus Capital LLC bought a new stake in Agco Corp. during the second quarter valued at approximately $240,000. Finally, Boston Advisors LLC bought a new stake in Agco Corp. during the second quarter valued at approximately $241,000. 88.67% of the stock is currently owned by hedge funds and other institutional investors.
Agco Corp. (NYSE:AGCO) opened at 52.00 on Thursday. Agco Corp. has a one year low of $42.40 and a one year high of $56.00. The stock has a 50 day moving average price of $48.37 and a 200-day moving average price of $49.76. The stock has a market capitalization of $4.22 billion, a P/E ratio of 23.37 and a beta of 1.32.
Agco Corp. (NYSE:AGCO) last issued its earnings results on Thursday, August 4th. The company reported $1.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.10. The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Agco Corp. had a return on equity of 7.72% and a net margin of 2.58%. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.25 EPS. Analysts anticipate that Agco Corp. will post $2.31 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Monday, August 15th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend was Thursday, August 11th. Agco Corp.’s dividend payout ratio is presently 23.64%.
AGCO has been the topic of several analyst reports. Zacks Investment Research downgraded Agco Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, June 28th. Jefferies Group reissued a “buy” rating on shares of Agco Corp. in a report on Friday, August 5th. Morgan Stanley set a $54.00 target price on Agco Corp. and gave the stock a “hold” rating in a report on Friday, August 5th. Barclays PLC boosted their target price on Agco Corp. from $43.00 to $50.00 and gave the stock an “equal weight” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. downgraded Agco Corp. from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $47.00 to $44.00 in a report on Monday, June 27th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $49.00.
Agco Corp. Company Profile