NBC Securities Inc. Buys 5,602 Shares of AGCO Co. (NYSE:AGCO)

NBC Securities Inc. grew its position in shares of AGCO Co. (NYSE:AGCO - Free Report) by 112,040.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,607 shares of the industrial products company's stock after buying an additional 5,602 shares during the quarter. NBC Securities Inc.'s holdings in AGCO were worth $519,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in AGCO. Price T Rowe Associates Inc. MD lifted its holdings in shares of AGCO by 128.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,504,328 shares of the industrial products company's stock valued at $608,026,000 after buying an additional 3,654,350 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in AGCO by 534.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,901,790 shares of the industrial products company's stock worth $271,259,000 after buying an additional 2,444,615 shares during the period. Invesco Ltd. increased its position in AGCO by 68.7% in the 4th quarter. Invesco Ltd. now owns 2,360,301 shares of the industrial products company's stock worth $220,641,000 after buying an additional 961,081 shares during the period. Lord Abbett & CO. LLC bought a new position in AGCO in the 4th quarter worth approximately $62,022,000. Finally, Norges Bank bought a new position in AGCO in the 4th quarter worth approximately $57,321,000. 78.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AGCO has been the topic of several recent analyst reports. Baird R W downgraded AGCO from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 3rd. Wall Street Zen raised AGCO from a "sell" rating to a "hold" rating in a research report on Tuesday, April 22nd. UBS Group set a $106.00 price target on AGCO in a research report on Tuesday, April 22nd. The Goldman Sachs Group boosted their price objective on AGCO from $91.00 to $107.00 and gave the company a "neutral" rating in a research report on Tuesday, May 27th. Finally, Robert W. Baird cut AGCO from an "outperform" rating to a "neutral" rating and lowered their price objective for the company from $116.00 to $100.00 in a research report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $104.10.

AGCO Price Performance

AGCO stock traded up $0.18 on Friday, reaching $100.97. The company's stock had a trading volume of 472,892 shares, compared to its average volume of 891,683. 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 company has a market cap of $7.53 billion, a price-to-earnings ratio of -17.74, a PEG ratio of 1.80 and a beta of 1.20. The business's fifty day moving average price is $92.58 and its 200 day moving average price is $95.67. AGCO Co. has a twelve month low of $73.79 and a twelve month high of $108.76.

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

AGCO Dividend Announcement

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

Insider Activity

In related news, SVP Kelvin Eugene Bennett sold 250 shares of the company's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $106.18, for a total value of $26,545.00. Following the completion of the sale, the senior vice president now owns 17,380 shares in the company, valued at approximately $1,845,408.40. This represents a 1.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 16.60% of the stock is currently owned by insiders.

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.