12,979 Shares in AGCO Co. (NYSE:AGCO) Acquired by South Dakota Investment Council

South Dakota Investment Council bought a new stake in shares of AGCO Co. (NYSE:AGCO - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,979 shares of the industrial products company's stock, valued at approximately $1,576,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. FinTrust Capital Advisors LLC bought a new position in shares of AGCO during the third quarter valued at about $26,000. Rakuten Securities Inc. bought a new stake in shares of AGCO in the 4th quarter worth approximately $26,000. Legacy Financial Group LLC purchased a new position in shares of AGCO during the third quarter valued at approximately $27,000. BluePath Capital Management LLC bought a new position in shares of AGCO during the third quarter valued at approximately $35,000. Finally, C M Bidwell & Associates Ltd. bought a new stake in AGCO in the third quarter valued at $35,000. 78.80% of the stock is currently owned by institutional investors.

AGCO Price Performance

Shares of NYSE AGCO traded down $1.02 during midday trading on Thursday, reaching $117.67. The stock had a trading volume of 692,017 shares, compared to its average volume of 690,285. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.67 and a current ratio of 1.46. AGCO Co. has a 12-month low of $105.77 and a 12-month high of $140.46. The stock has a 50-day moving average of $115.74 and a 200-day moving average of $117.19. The company has a market capitalization of $8.78 billion, a price-to-earnings ratio of 7.53, a price-to-earnings-growth ratio of 0.67 and a beta of 1.31.

AGCO (NYSE:AGCO - Get Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $3.78 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.03 by ($0.25). AGCO had a net margin of 8.13% and a return on equity of 26.96%. The company had revenue of $3.80 billion for the quarter, compared to analysts' expectations of $4.03 billion. During the same period last year, the business earned $4.47 earnings per share. The company's quarterly revenue was down 2.5% compared to the same quarter last year. As a group, research analysts anticipate that AGCO Co. will post 13.06 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on the company. Truist Financial began coverage on AGCO in a research report on Thursday, March 14th. They set a "buy" rating and a $142.00 price objective on the stock. JPMorgan Chase & Co. upped their price target on AGCO from $145.00 to $150.00 and gave the stock an "overweight" rating in a research note on Friday, April 12th. StockNews.com downgraded AGCO from a "buy" rating to a "hold" rating in a report on Friday, February 9th. Finally, Oppenheimer boosted their target price on shares of AGCO from $153.00 to $154.00 and gave the company an "outperform" rating in a report on Tuesday, April 16th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, AGCO presently has a consensus rating of "Moderate Buy" and an average target price of $150.50.

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.