AGCO Corporation (NYSE:AGCO) Shares Bought by Impax Asset Management Group plc

Impax Asset Management Group plc grew its holdings in shares of AGCO Corporation (NYSE:AGCO - Free Report) by 11.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 123,475 shares of the industrial products company's stock after buying an additional 12,284 shares during the period. Impax Asset Management Group plc owned 0.17% of AGCO worth $11,430,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GeoWealth Management LLC purchased a new stake in AGCO during the 4th quarter worth approximately $27,000. Citizens National Bank Trust Department lifted its position in shares of AGCO by 400.0% during the 1st quarter. Citizens National Bank Trust Department now owns 300 shares of the industrial products company's stock worth $28,000 after purchasing an additional 240 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new stake in shares of AGCO in the fourth quarter valued at about $33,000. Jones Financial Companies Lllp grew its position in AGCO by 112.3% during the fourth quarter. Jones Financial Companies Lllp now owns 501 shares of the industrial products company's stock worth $47,000 after buying an additional 265 shares during the period. Finally, Abound Wealth Management acquired a new stake in shares of AGCO in the first quarter valued at approximately $56,000. 78.80% of the stock is owned by institutional investors.

Insider Buying and Selling

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

AGCO Stock Up 0.5%

Shares of NYSE:AGCO traded up $0.60 during mid-day trading on Wednesday, hitting $110.36. 455,434 shares of the company traded hands, compared to its average volume of 885,415. 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 Corporation has a 52-week low of $73.79 and a 52-week high of $111.69. The firm's 50 day simple moving average is $101.93 and its 200 day simple moving average is $96.61. The firm has a market cap of $8.23 billion, a P/E ratio of -14.15, a PEG ratio of 1.96 and a beta of 1.24.

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

AGCO Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have recently issued reports on AGCO. Wall Street Zen upgraded shares of AGCO from a "sell" rating to a "hold" rating in a research report on Tuesday, April 22nd. Oppenheimer decreased their price objective on shares of AGCO from $109.00 to $106.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. JPMorgan Chase & Co. raised their target price on shares of AGCO from $110.00 to $117.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. UBS Group set a $106.00 price target on shares of AGCO in a research note on Tuesday, April 22nd. Finally, Morgan Stanley increased their target price on shares of AGCO from $75.00 to $84.00 and gave the company an "underweight" rating in a research report on Monday, May 12th. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average 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.