Louisiana State Employees Retirement System Makes New $2.13 Million Investment in AGCO Co. (NYSE:AGCO)

Louisiana State Employees Retirement System purchased a new stake in shares of AGCO Co. (NYSE:AGCO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 17,500 shares of the industrial products company's stock, valued at approximately $2,125,000.

Several other institutional investors also recently bought and sold shares of the stock. Nordea Investment Management AB increased its position in AGCO by 1.7% during the fourth quarter. Nordea Investment Management AB now owns 61,828 shares of the industrial products company's stock worth $7,492,000 after acquiring an additional 1,036 shares during the period. Vanguard Group Inc. lifted its position in AGCO by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 6,755,557 shares of the industrial products company's stock worth $799,047,000 after buying an additional 32,583 shares in the last quarter. Invesco Ltd. lifted its position in AGCO by 53.1% during the 3rd quarter. Invesco Ltd. now owns 374,810 shares of the industrial products company's stock worth $44,333,000 after buying an additional 130,051 shares in the last quarter. Schroder Investment Management Group lifted its position in AGCO by 45.7% during the 3rd quarter. Schroder Investment Management Group now owns 147,467 shares of the industrial products company's stock valued at $17,442,000 after purchasing an additional 46,239 shares during the period. Finally, Dark Forest Capital Management LP acquired a new position in AGCO during the 3rd quarter valued at about $1,151,000. 78.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on AGCO shares. JPMorgan Chase & Co. upped their target price on AGCO from $145.00 to $150.00 and gave the stock an "overweight" rating in a report on Friday, April 12th. Truist Financial assumed coverage on AGCO in a research report on Thursday, March 14th. They issued a "buy" rating and a $142.00 price target on the stock. Oppenheimer raised their price objective on AGCO from $153.00 to $154.00 and gave the company an "outperform" rating in a research note on Tuesday. Finally, StockNews.com lowered AGCO from a "buy" rating to a "hold" rating in a research note on Friday, February 9th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, AGCO presently has a consensus rating of "Moderate Buy" and a consensus price target of $150.50.

AGCO Price Performance

Shares of AGCO traded up $0.49 during midday trading on Thursday, reaching $116.73. The stock had a trading volume of 552,530 shares, compared to its average volume of 687,388. The company has a market capitalization of $8.71 billion, a price-to-earnings ratio of 7.47, a price-to-earnings-growth ratio of 0.67 and a beta of 1.31. AGCO Co. has a 12-month low of $105.77 and a 12-month high of $140.46. The company's 50-day moving average is $115.42 and its 200 day moving average is $117.12. The company has a current ratio of 1.46, a quick ratio of 0.67 and a debt-to-equity ratio of 0.30.

AGCO (NYSE:AGCO - Get Free Report) last posted its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $3.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.03 by ($0.25). The company had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $4.03 billion. AGCO had a return on equity of 26.96% and a net margin of 8.13%. AGCO's revenue was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.47 earnings per share. On average, equities analysts predict that AGCO Co. will post 13.05 EPS for the current fiscal year.

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.