Nomura Holdings Inc. Makes New Investment in AGCO Co. (NYSE:AGCO)

Nomura Holdings Inc. bought a new position in shares of AGCO Co. (NYSE:AGCO - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 8,221 shares of the industrial products company's stock, valued at approximately $768,000.

Other hedge funds also recently made changes to their positions in the company. Allworth Financial LP increased its holdings in shares of AGCO by 333.3% during the fourth quarter. Allworth Financial LP now owns 286 shares of the industrial products company's stock worth $30,000 after purchasing an additional 220 shares during the period. GeoWealth Management LLC bought a new position in shares of AGCO during the fourth quarter worth approximately $27,000. UMB Bank n.a. increased its holdings in shares of AGCO by 84.2% during the fourth quarter. UMB Bank n.a. now owns 337 shares of the industrial products company's stock worth $32,000 after purchasing an additional 154 shares during the period. Cullen Frost Bankers Inc. bought a new position in shares of AGCO during the fourth quarter worth approximately $33,000. Finally, Jones Financial Companies Lllp increased its holdings in shares of 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 purchasing an additional 265 shares during the period. 78.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on AGCO. Baird R W cut shares of AGCO from a "strong-buy" rating to a "hold" rating in a report on Monday, March 3rd. JPMorgan Chase & Co. lifted their price objective on shares of AGCO from $110.00 to $117.00 and gave the company an "overweight" rating in a research note on Friday. 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 research note on Tuesday, April 22nd. Truist Financial decreased their price objective on shares of AGCO from $125.00 to $105.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Finally, StockNews.com raised shares of AGCO from a "sell" rating to a "hold" rating in a research note on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $103.30.

AGCO Stock Performance

NYSE AGCO opened at $107.16 on Tuesday. The firm's fifty day moving average price is $90.79 and its two-hundred day moving average price is $94.90. The stock has a market cap of $7.99 billion, a PE ratio of -18.83, a PEG ratio of 1.80 and a beta of 1.20. AGCO Co. has a fifty-two week low of $73.79 and a fifty-two week high of $110.49. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.63 and a current ratio of 1.34.

AGCO (NYSE:AGCO - Get Free Report) last posted its earnings results 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. The firm had revenue of $2.05 billion for the quarter, compared to analysts' expectations of $2.06 billion. AGCO had a negative net margin of 3.64% and a positive return on equity of 13.40%. The company's revenue was down 30.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.32 earnings per share. On average, equities analysts expect that AGCO Co. will post 4.2 EPS for the current fiscal year.

AGCO Dividend Announcement

The business also recently announced 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 dividend yield of 1.08%. AGCO's payout ratio is presently -14.87%.

Insiders Place Their Bets

In other news, SVP Kelvin Eugene Bennett sold 250 shares of AGCO stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $106.18, for a total transaction of $26,545.00. Following the transaction, the senior vice president now owns 17,380 shares in the company, valued at approximately $1,845,408.40. The trade was a 1.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 16.60% of the company's stock.

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.

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