Analysts Set AGCO Co. (NYSE:AGCO) Target Price at $118.91

AGCO Co. (NYSE:AGCO) has received a consensus recommendation of “Hold” from the eleven research firms that are presently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $118.91.

A number of research firms recently weighed in on AGCO. UBS Group decreased their target price on shares of AGCO from $107.00 to $104.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. Raymond James assumed coverage on AGCO in a research note on Friday, June 28th. They set a “market perform” rating for the company. Truist Financial restated a “buy” rating and issued a $118.00 target price (down from $130.00) on shares of AGCO in a research note on Wednesday, July 31st. Robert W. Baird dropped their price target on AGCO from $139.00 to $129.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. Finally, Oppenheimer decreased their price objective on shares of AGCO from $133.00 to $132.00 and set an “outperform” rating on the stock in a research report on Monday, July 22nd.

Insider Activity at AGCO

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AGCO. Pacer Advisors Inc. lifted its holdings in AGCO by 103.5% in the 2nd quarter. Pacer Advisors Inc. now owns 1,571,453 shares of the industrial products company’s stock worth $153,814,000 after buying an additional 799,429 shares during the period. Vanguard Group Inc. lifted its stake in AGCO by 11.6% in the first quarter. Vanguard Group Inc. now owns 7,565,114 shares of the industrial products company’s stock worth $930,660,000 after acquiring an additional 784,617 shares during the period. AQR Capital Management LLC boosted its holdings in AGCO by 53.0% in the second quarter. AQR Capital Management LLC now owns 1,747,954 shares of the industrial products company’s stock valued at $171,090,000 after acquiring an additional 605,509 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in AGCO by 28.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,791,202 shares of the industrial products company’s stock valued at $175,323,000 after purchasing an additional 391,591 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in AGCO by 17.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,259,699 shares of the industrial products company’s stock worth $221,187,000 after purchasing an additional 335,092 shares in the last quarter. Hedge funds and other institutional investors own 78.80% of the company’s stock.

AGCO Stock Up 1.6 %

Shares of NYSE AGCO opened at $98.31 on Friday. AGCO has a one year low of $84.35 and a one year high of $130.26. The business’s fifty day moving average price is $91.80 and its 200-day moving average price is $103.54. The stock has a market capitalization of $7.34 billion, a PE ratio of 6.65, a P/E/G ratio of 0.88 and a beta of 1.25. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.52 and a quick ratio of 0.72.

AGCO (NYSE:AGCO) last posted 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 business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.48 billion. During the same period last year, the firm earned $4.29 EPS. The business’s revenue for the quarter was down 15.1% on a year-over-year basis. On average, equities research analysts anticipate that AGCO will post 8 EPS for the current year.

AGCO Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Thursday, August 15th were issued a $0.29 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.18%. AGCO’s payout ratio is 7.85%.

About AGCO

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.