5,117 Shares in Agco Corp. (AGCO) Acquired by Boston Advisors LLC
Boston Advisors LLC bought a new stake in shares of Agco Corp. (NYSE:AGCO) during the second quarter, Holdings Channel reports. The firm bought 5,117 shares of the company’s stock, valued at approximately $241,000.
A number of other hedge funds have also added to or reduced their stakes in AGCO. UBS Group AG raised its stake in Agco Corp. by 2.9% in the first quarter. UBS Group AG now owns 61,436 shares of the company’s stock valued at $3,053,000 after buying an additional 1,755 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in Agco Corp. during the first quarter valued at $350,000. Canada Pension Plan Investment Board acquired a new stake in Agco Corp. during the first quarter valued at $13,538,000. Huntington Asset Advisors Inc. acquired a new stake in Agco Corp. during the first quarter valued at $231,000. Finally, Landscape Capital Management L.L.C. raised its stake in Agco Corp. by 67.6% in the first quarter. Landscape Capital Management L.L.C. now owns 18,100 shares of the company’s stock valued at $900,000 after buying an additional 7,300 shares during the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.
Shares of Agco Corp. (NYSE:AGCO) traded up 0.28% during midday trading on Friday, reaching $50.20. 1,183,032 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $48.17 and a 200-day moving average of $49.74. Agco Corp. has a 1-year low of $42.40 and a 1-year high of $56.00. The company has a market capitalization of $4.07 billion, a PE ratio of 22.56 and a beta of 1.32.
Agco Corp. (NYSE:AGCO) last issued its earnings results on Thursday, August 4th. The company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.10. The business earned $2 billion during the quarter, compared to analyst estimates of $1.88 billion. Agco Corp. had a return on equity of 7.72% and a net margin of 2.58%. Agco Corp.’s revenue was down 3.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.25 earnings per share. Equities analysts expect that Agco Corp. will post $2.31 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Monday, August 15th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $0.52 annualized dividend and a yield of 1.04%. Agco Corp.’s dividend payout ratio is currently 23.64%.
AGCO has been the subject of several analyst reports. Zacks Investment Research raised shares of Agco Corp. from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a report on Tuesday, June 21st. Citigroup Inc. reduced their price target on shares of Agco Corp. from $55.00 to $53.00 and set a “neutral” rating for the company in a report on Friday, July 15th. Piper Jaffray Cos. reduced their price target on shares of Agco Corp. from $47.00 to $44.00 and set a “neutral” rating for the company in a report on Thursday, August 25th. Credit Suisse Group AG reissued a “hold” rating and set a $53.00 price target on shares of Agco Corp. in a report on Tuesday, August 30th. Finally, Jefferies Group reissued a “buy” rating on shares of Agco Corp. in a report on Friday, August 5th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $48.75.
Agco Corp. Company Profile
AGCO Corporation is a manufacturer and distributor of agricultural equipment and related replacement parts around the world. The Company sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage, implements, and grain storage and protein production systems.
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