448 Shares in AGCO Co. (NYSE:AGCO) Acquired by Mather Group LLC.

Mather Group LLC. bought a new stake in AGCO Co. (NYSE:AGCO) during the first quarter, Holdings Channel.com reports. The firm bought 448 shares of the industrial products company’s stock, valued at approximately $54,000.

Other large investors have also modified their holdings of the company. Rakuten Securities Inc. acquired a new stake in shares of AGCO during the 4th quarter worth about $26,000. Allworth Financial LP increased its position in shares of AGCO by 72.3% during the fourth quarter. Allworth Financial LP now owns 286 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 120 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in shares of AGCO in the 3rd quarter valued at approximately $35,000. American National Bank purchased a new stake in shares of AGCO in the 4th quarter valued at approximately $37,000. Finally, Denali Advisors LLC boosted its position in shares of AGCO by 50.0% during the 4th quarter. Denali Advisors LLC now owns 309 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 103 shares during the period. Institutional investors and hedge funds own 78.80% of the company’s stock.

AGCO Price Performance

Shares of NYSE AGCO opened at $101.00 on Monday. The stock’s 50-day moving average is $110.24 and its two-hundred day moving average is $115.06. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.99 and a quick ratio of 1.09. AGCO Co. has a 1-year low of $99.88 and a 1-year high of $140.46. The company has a market cap of $7.54 billion, a price-to-earnings ratio of 6.83, a price-to-earnings-growth ratio of 0.62 and a beta of 1.31.

AGCO (NYSE:AGCO) last posted its quarterly earnings results on Monday, May 6th. The industrial products company reported $2.32 EPS for the quarter, topping the consensus estimate of $2.29 by $0.03. AGCO had a net margin of 7.90% and a return on equity of 24.02%. The company had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the previous year, the business posted $3.51 EPS. The firm’s revenue was down 12.1% on a year-over-year basis. Analysts forecast that AGCO Co. will post 12.18 EPS for the current fiscal year.

AGCO Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, June 14th. Investors of record on Wednesday, May 15th were issued a $0.29 dividend. This represents a yield of 1%. The ex-dividend date of this dividend was Tuesday, May 14th. AGCO’s dividend payout ratio (DPR) is 7.85%.

Analyst Ratings Changes

A number of analysts have issued reports on AGCO shares. JPMorgan Chase & Co. cut their target price on AGCO from $150.00 to $135.00 and set an “overweight” rating on the stock in a research report on Friday, May 3rd. Truist Financial decreased their target price on AGCO from $142.00 to $137.00 and set a “buy” rating on the stock in a research note on Friday, May 3rd. Finally, Oppenheimer cut their price target on shares of AGCO from $145.00 to $133.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 12th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $139.83.

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.