AGCO Co. (NYSE:AGCO) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC grew its holdings in AGCO Co. (NYSE:AGCO) by 0.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 38,750 shares of the industrial products company’s stock after purchasing an additional 145 shares during the quarter. Natixis Advisors LLC’s holdings in AGCO were worth $3,793,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Massachusetts Financial Services Co. MA increased its stake in shares of AGCO by 3,115.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,192,533 shares of the industrial products company’s stock worth $144,785,000 after buying an additional 1,155,440 shares during the period. Vanguard Group Inc. raised its holdings in shares of AGCO by 11.6% in the 1st quarter. Vanguard Group Inc. now owns 7,565,114 shares of the industrial products company’s stock valued at $930,660,000 after purchasing an additional 784,617 shares in the last quarter. Norges Bank purchased a new stake in shares of AGCO during the 4th quarter worth $83,733,000. Ilex Capital Partners UK LLP acquired a new position in shares of AGCO during the first quarter worth $23,569,000. Finally, Principal Financial Group Inc. increased its holdings in AGCO by 72.8% in the fourth quarter. Principal Financial Group Inc. now owns 428,976 shares of the industrial products company’s stock valued at $52,082,000 after buying an additional 180,694 shares during the last quarter. Institutional investors and hedge funds own 78.80% of the company’s stock.

AGCO Trading Down 1.4 %

Shares of AGCO stock opened at $87.56 on Monday. The company’s fifty day moving average is $93.16 and its two-hundred day moving average is $105.41. AGCO Co. has a 1 year low of $84.35 and a 1 year high of $130.26. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.72 and a current ratio of 1.52. The company has a market capitalization of $6.53 billion, a P/E ratio of 5.92, a PEG ratio of 0.85 and a beta of 1.25.

AGCO (NYSE:AGCO) last issued its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $2.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.90 by ($0.37). AGCO had a net margin of 3.13% and a return on equity of 21.17%. The company had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.48 billion. During the same quarter last year, the firm earned $4.29 EPS. The business’s revenue was down 15.1% on a year-over-year basis. Analysts forecast that AGCO Co. will post 8 earnings per share for the current year.

AGCO Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, August 15th will be given a $0.29 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.16 dividend on an annualized basis and a yield of 1.32%. AGCO’s dividend payout ratio (DPR) is 7.85%.

Insider Buying and Selling at AGCO

In other news, Director Michael C. Arnold bought 1,800 shares of AGCO stock in a transaction dated Wednesday, August 7th. The stock was bought at an average price of $87.69 per share, for a total transaction of $157,842.00. Following the purchase, the director now owns 20,465 shares of the company’s stock, valued at $1,794,575.85. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In other AGCO news, Director Lange Bob De acquired 1,420 shares of the business’s stock in a transaction on Monday, August 5th. The stock was purchased at an average price of $87.91 per share, for a total transaction of $124,832.20. Following the completion of the transaction, the director now owns 7,007 shares of the company’s stock, valued at approximately $615,985.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael C. Arnold bought 1,800 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were bought at an average price of $87.69 per share, for a total transaction of $157,842.00. Following the completion of the transaction, the director now directly owns 20,465 shares in the company, valued at approximately $1,794,575.85. The disclosure for this purchase can be found here. 16.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on AGCO shares. JPMorgan Chase & Co. lowered their price objective on AGCO from $130.00 to $115.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. Raymond James initiated coverage on AGCO in a report on Friday, June 28th. They issued a “market perform” rating for the company. Oppenheimer cut their price objective on shares of AGCO from $133.00 to $132.00 and set an “outperform” rating on the stock in a report on Monday, July 22nd. UBS Group reduced their price objective on shares of AGCO from $107.00 to $104.00 and set a “neutral” rating for the company in a research report on Wednesday, July 31st. Finally, BMO Capital Markets began coverage on shares of AGCO in a research report on Friday, August 9th. They issued a “market perform” rating and a $96.00 target price on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, AGCO presently has a consensus rating of “Hold” and a consensus price target of $118.91.

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.