Atria Investments Inc Invests $372,000 in AGCO Co. (NYSE:AGCO)

Atria Investments Inc purchased a new position in shares of AGCO Co. (NYSE:AGCO) in the third quarter, Holdings Channel.com reports. The firm purchased 3,805 shares of the industrial products company’s stock, valued at approximately $372,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of AGCO by 8.1% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 23,305 shares of the industrial products company’s stock valued at $2,809,000 after acquiring an additional 1,755 shares during the last quarter. Bessemer Group Inc. increased its holdings in shares of AGCO by 2,238.9% during the 1st quarter. Bessemer Group Inc. now owns 421 shares of the industrial products company’s stock valued at $51,000 after acquiring an additional 403 shares during the last quarter. Quadrature Capital Ltd increased its holdings in shares of AGCO by 5.0% during the 1st quarter. Quadrature Capital Ltd now owns 14,712 shares of the industrial products company’s stock valued at $1,810,000 after acquiring an additional 707 shares during the last quarter. LRI Investments LLC acquired a new position in shares of AGCO during the 1st quarter valued at about $30,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of AGCO by 146.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 85,658 shares of the industrial products company’s stock valued at $10,538,000 after acquiring an additional 50,892 shares during the last quarter. 78.80% of the stock is owned by hedge funds and other institutional investors.

AGCO Price Performance

Shares of NYSE:AGCO opened at $97.53 on Friday. AGCO Co. has a 1-year low of $84.35 and a 1-year high of $130.26. The firm has a market capitalization of $7.28 billion, a PE ratio of 43.35, a PEG ratio of 0.52 and a beta of 1.25. The business’s 50 day moving average is $96.17 and its 200-day moving average is $97.88. The company has a current ratio of 1.53, a quick ratio of 0.72 and a debt-to-equity ratio of 0.87.

AGCO (NYSE:AGCO) last announced its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.40). AGCO had a return on equity of 15.79% and a net margin of 1.35%. The firm had revenue of $2.60 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period in the previous year, the business posted $3.97 EPS. AGCO’s revenue for the quarter was down 24.8% compared to the same quarter last year. Sell-side analysts predict that AGCO Co. will post 7.32 earnings per share for the current year.

AGCO Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.16 annualized dividend and a dividend yield of 1.19%. AGCO’s dividend payout ratio (DPR) is presently 51.33%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. BMO Capital Markets assumed coverage on AGCO in a report on Friday, August 9th. They set a “market perform” rating and a $96.00 price objective on the stock. StockNews.com lowered AGCO from a “hold” rating to a “sell” rating in a report on Wednesday. Robert W. Baird lowered their target price on AGCO from $139.00 to $129.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. JPMorgan Chase & Co. lowered their target price on AGCO from $130.00 to $115.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Finally, Oppenheimer lowered their target price on AGCO from $131.00 to $111.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $114.40.

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.