Hussman Strategic Advisors Inc. Reduces Stock Position in AGCO Co. (NYSE:AGCO)

Hussman Strategic Advisors Inc. decreased its stake in shares of AGCO Co. (NYSE:AGCO - Free Report) by 33.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,000 shares of the industrial products company's stock after selling 10,500 shares during the quarter. Hussman Strategic Advisors Inc.'s holdings in AGCO were worth $2,550,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP lifted its holdings in AGCO by 278.0% during the 2nd quarter. Quarry LP now owns 189 shares of the industrial products company's stock valued at $25,000 after buying an additional 139 shares in the last quarter. FinTrust Capital Advisors LLC bought a new stake in shares of AGCO in the 3rd quarter valued at about $26,000. Rakuten Securities Inc. bought a new stake in shares of AGCO in the 4th quarter valued at about $26,000. Legacy Financial Group LLC bought a new stake in shares of AGCO in the 3rd quarter valued at about $27,000. Finally, BluePath Capital Management LLC bought a new stake in shares of AGCO in the 3rd quarter valued at about $35,000. Institutional investors own 78.80% of the company's stock.

Analyst Ratings Changes

AGCO has been the subject of several recent research reports. Oppenheimer boosted their price target on shares of AGCO from $153.00 to $154.00 and gave the company an "outperform" rating in a report on Tuesday, April 16th. StockNews.com lowered shares of AGCO from a "buy" rating to a "hold" rating in a report on Friday, February 9th. JPMorgan Chase & Co. boosted their price target on shares of AGCO from $145.00 to $150.00 and gave the company an "overweight" rating in a report on Friday, April 12th. Finally, Truist Financial began coverage on shares of AGCO in a report on Thursday, March 14th. They issued a "buy" rating and a $142.00 price target for the company. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $150.50.

AGCO Stock Up 1.7 %

Shares of NYSE AGCO traded up $2.02 during trading hours on Friday, hitting $118.75. 735,541 shares of the stock were exchanged, compared to its average volume of 517,610. The company has a market cap of $8.86 billion, a PE ratio of 7.60, a PEG ratio of 0.68 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 has a quick ratio of 0.67, a current ratio of 1.46 and a debt-to-equity ratio of 0.30. The firm has a fifty day moving average price of $115.49 and a 200-day moving average price of $117.14.

AGCO (NYSE:AGCO - Get Free Report) last released its earnings results on Tuesday, February 6th. The industrial products company reported $3.78 earnings per share 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 analysts' expectations of $4.03 billion. AGCO had a return on equity of 26.96% and a net margin of 8.13%. The firm's revenue for the quarter was down 2.5% on a year-over-year basis. During the same period in the prior year, the firm posted $4.47 EPS. On average, sell-side analysts expect that AGCO Co. will post 13.07 EPS for the current 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.