Brokerages Set AGCO Co. (NYSE:AGCO) PT at $104.10

Shares of AGCO Co. (NYSE:AGCO - Get Free Report) have been assigned an average rating of "Hold" from the twelve research firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $104.10.

Several equities research analysts have commented on AGCO shares. Baird R W lowered AGCO from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 3rd. Oppenheimer decreased their price objective on AGCO from $109.00 to $106.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Wall Street Zen raised AGCO from a "sell" rating to a "hold" rating in a research note on Tuesday, April 22nd. Morgan Stanley lifted their target price on AGCO from $75.00 to $84.00 and gave the company an "underweight" rating in a research report on Monday, May 12th. Finally, Citigroup reaffirmed a "neutral" rating and issued a $110.00 price target on shares of AGCO in a research note on Friday, May 30th.

Insider Activity

In related news, SVP Kelvin Eugene Bennett sold 250 shares of the business's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $106.18, for a total transaction of $26,545.00. Following the completion of the transaction, the senior vice president now directly owns 17,380 shares of the company's stock, valued at $1,845,408.40. The trade was a 1.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 16.60% of the company's stock.

Hedge Funds Weigh In On AGCO

Institutional investors and hedge funds have recently made changes to their positions in the stock. Alberta Investment Management Corp grew its holdings in AGCO by 98.5% during the 4th quarter. Alberta Investment Management Corp now owns 49,020 shares of the industrial products company's stock worth $4,582,000 after acquiring an additional 24,320 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of AGCO by 3.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 469,669 shares of the industrial products company's stock worth $43,905,000 after purchasing an additional 15,531 shares during the last quarter. LPL Financial LLC lifted its position in shares of AGCO by 4.9% during the 4th quarter. LPL Financial LLC now owns 21,812 shares of the industrial products company's stock worth $2,135,000 after purchasing an additional 1,016 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of AGCO by 12.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,692 shares of the industrial products company's stock worth $1,467,000 after purchasing an additional 1,788 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its holdings in AGCO by 2.4% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 6,207 shares of the industrial products company's stock valued at $580,000 after buying an additional 144 shares during the last quarter. 78.80% of the stock is owned by institutional investors and hedge funds.

AGCO Stock Performance

Shares of AGCO stock traded up $1.06 during trading on Wednesday, hitting $100.80. 575,852 shares of the company's stock were exchanged, compared to its average volume of 902,289. AGCO has a 52-week low of $73.79 and a 52-week high of $108.76. The stock has a market capitalization of $7.52 billion, a price-to-earnings ratio of -17.71, a PEG ratio of 1.80 and a beta of 1.20. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.63 and a current ratio of 1.34. The business has a 50-day simple moving average of $92.25 and a 200-day simple moving average of $95.56.

AGCO (NYSE:AGCO - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The industrial products company reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.38. AGCO had a negative net margin of 3.64% and a positive return on equity of 13.40%. The company had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $2.06 billion. During the same period in the prior year, the business posted $2.32 earnings per share. The firm's revenue for the quarter was down 30.0% on a year-over-year basis. On average, research analysts forecast that AGCO will post 4.2 EPS for the current year.

AGCO Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.29 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.16 dividend on an annualized basis and a yield of 1.15%. AGCO's dividend payout ratio (DPR) is presently -14.87%.

About AGCO

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.