DekaBank Deutsche Girozentrale Has $93.64 Million Stock Position in AGCO Corporation (NYSE:AGCO)

DekaBank Deutsche Girozentrale grew its stake in shares of AGCO Corporation (NYSE:AGCO - Free Report) by 1.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,012,681 shares of the industrial products company's stock after purchasing an additional 17,471 shares during the period. DekaBank Deutsche Girozentrale owned approximately 1.36% of AGCO worth $93,642,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. GeoWealth Management LLC purchased a new stake in shares of AGCO during the 4th quarter valued at $27,000. Citizens National Bank Trust Department grew its position in AGCO by 400.0% in the first quarter. Citizens National Bank Trust Department now owns 300 shares of the industrial products company's stock worth $28,000 after acquiring an additional 240 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new stake in shares of AGCO in the 4th quarter valued at $33,000. Jones Financial Companies Lllp boosted its holdings in AGCO by 112.3% during the 4th 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 during the period. Finally, Abound Wealth Management purchased a new stake in shares of AGCO during the first quarter worth about $56,000. Institutional investors and hedge funds own 78.80% of the company's stock.

Insider Buying and Selling at AGCO

In other AGCO news, SVP Kelvin Eugene Bennett sold 250 shares of the business's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $106.18, for a total transaction of $26,545.00. Following the sale, the senior vice president directly owned 17,380 shares in the company, valued at approximately $1,845,408.40. The trade was a 1.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 16.90% of the company's stock.

AGCO Price Performance

AGCO stock traded up $0.35 during midday trading on Wednesday, hitting $110.11. 738,716 shares of the stock were exchanged, compared to its average volume of 885,416. The stock has a market cap of $8.21 billion, a price-to-earnings ratio of -14.12, a PEG ratio of 1.96 and a beta of 1.24. The stock's 50-day moving average price is $101.93 and its 200-day moving average price is $96.61. AGCO Corporation has a fifty-two week low of $73.79 and a fifty-two week high of $113.50. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.67 and a current ratio of 1.53.

AGCO (NYSE:AGCO - Get Free Report) last issued its earnings results on Thursday, May 1st. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.38. The business had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $2.06 billion. AGCO had a positive return on equity of 10.60% and a negative net margin of 5.40%. The company's revenue for the quarter was down 30.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.32 EPS. Research analysts predict that AGCO Corporation will post 4.2 earnings per share for the current year.

AGCO Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Thursday, May 15th were issued a $0.29 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.16 dividend on an annualized basis and a yield of 1.05%. AGCO's dividend payout ratio is currently -14.87%.

Analyst Ratings Changes

A number of brokerages recently issued reports on AGCO. Oppenheimer lowered their price target on shares of AGCO from $109.00 to $106.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. The Goldman Sachs Group raised their target price on shares of AGCO from $91.00 to $107.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 27th. Wall Street Zen raised shares of AGCO from a "sell" rating to a "hold" rating in a research note on Tuesday, April 22nd. Truist Financial dropped their price target on AGCO from $125.00 to $105.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, UBS Group set a $106.00 target price on shares of AGCO in a research note on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $104.10.

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.