AGCO (NYSE:AGCO) was upgraded by stock analysts at OTR Global to a “positive” rating in a note issued to investors on Friday, The Fly reports.
AGCO has been the subject of several other research reports. ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Citigroup raised their price objective on shares of SolarWinds from $20.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Zacks Investment Research lowered shares of Great Portland Estates from a “hold” rating to a “sell” rating in a research note on Tuesday, April 16th. UBS Group reissued a “buy” rating and issued a $25.00 price objective on shares of Infineon Technologies in a research note on Tuesday, May 7th. Finally, Morgan Stanley raised their price objective on shares of Williams-Sonoma from $52.00 to $56.00 and gave the company an “underweight” rating in a research note on Wednesday. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. AGCO presently has an average rating of “Hold” and a consensus target price of $74.85.
AGCO stock traded up $1.71 during midday trading on Friday, hitting $77.07. 93,207 shares of the stock were exchanged, compared to its average volume of 532,078. AGCO has a fifty-two week low of $49.50 and a fifty-two week high of $79.00. The firm has a market cap of $5.92 billion, a PE ratio of 19.81, a price-to-earnings-growth ratio of 1.14 and a beta of 0.98. The stock’s 50-day moving average price is $72.60. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.30 and a quick ratio of 0.54.
AGCO (NYSE:AGCO) last released its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.44. AGCO had a net margin of 3.49% and a return on equity of 11.62%. The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period last year, the business earned $0.30 earnings per share. AGCO’s revenue was down .6% compared to the same quarter last year. As a group, equities analysts anticipate that AGCO will post 4.93 EPS for the current fiscal year.
In other AGCO news, Chairman Martin Richenhagen sold 51,000 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $71.47, for a total transaction of $3,644,970.00. Following the sale, the chairman now directly owns 495,279 shares in the company, valued at approximately $35,397,590.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Robert B. Crain sold 25,000 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $72.86, for a total transaction of $1,821,500.00. Following the sale, the senior vice president now owns 81,914 shares in the company, valued at $5,968,254.04. The disclosure for this sale can be found here. Insiders sold a total of 178,000 shares of company stock worth $12,710,000 over the last three months. 17.60% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the business. Retirement Systems of Alabama lifted its holdings in AGCO by 0.3% in the 2nd quarter. Retirement Systems of Alabama now owns 83,894 shares of the industrial products company’s stock valued at $6,508,000 after purchasing an additional 230 shares in the last quarter. Hanson & Doremus Investment Management boosted its stake in shares of AGCO by 2.0% during the 1st quarter. Hanson & Doremus Investment Management now owns 13,000 shares of the industrial products company’s stock valued at $904,000 after buying an additional 250 shares during the last quarter. Probity Advisors Inc. boosted its stake in shares of AGCO by 1.7% during the 1st quarter. Probity Advisors Inc. now owns 22,654 shares of the industrial products company’s stock valued at $1,576,000 after buying an additional 384 shares during the last quarter. Commonwealth Bank of Australia boosted its stake in shares of AGCO by 2.3% during the 4th quarter. Commonwealth Bank of Australia now owns 17,228 shares of the industrial products company’s stock valued at $955,000 after buying an additional 385 shares during the last quarter. Finally, John G Ullman & Associates Inc. boosted its stake in shares of AGCO by 7.4% during the 1st quarter. John G Ullman & Associates Inc. now owns 5,800 shares of the industrial products company’s stock valued at $403,000 after buying an additional 400 shares during the last quarter. Institutional investors own 80.87% of the company’s stock.
AGCO Company Profile
AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. The company offers high horsepower tractors for larger farms, primarily for row crop production; 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, and residential uses.
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