AGCO (AGCO) Upgraded at ValuEngine
ValuEngine upgraded shares of AGCO (NYSE:AGCO) from a hold rating to a buy rating in a research report sent to investors on Thursday morning.
Other analysts also recently issued research reports about the company. JPMorgan Chase & Co. upgraded AGCO from an underweight rating to a neutral rating in a research note on Wednesday, February 7th. Goldman Sachs Group upgraded AGCO from a neutral rating to a buy rating and set a $90.00 price target on the stock in a research note on Thursday, November 30th. Barclays began coverage on AGCO in a research note on Tuesday, December 12th. They issued an equal weight rating and a $75.00 price target on the stock. Piper Jaffray Companies set a $68.00 price target on AGCO and gave the stock a hold rating in a research note on Wednesday, November 1st. Finally, BMO Capital Markets cut their price target on AGCO from $85.00 to $75.00 and set a market perform rating on the stock in a research note on Thursday, February 8th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $72.80.
AGCO (NYSE AGCO) opened at $64.41 on Thursday. AGCO has a twelve month low of $58.00 and a twelve month high of $75.95. The company has a current ratio of 1.37, a quick ratio of 0.66 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $5,255.38, a P/E ratio of 27.76, a price-to-earnings-growth ratio of 1.42 and a beta of 0.82.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, February 15th will be given a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This is a boost from AGCO’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a yield of 0.93%. AGCO’s dividend payout ratio is 25.86%.
In related news, VP Richard Robinson Smith sold 1,316 shares of the company’s stock in a transaction that occurred on Saturday, May 19th. The stock was sold at an average price of $54.05, for a total value of $71,129.80. Following the transaction, the vice president now directly owns 35,068 shares of the company’s stock, valued at approximately $1,895,425.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 4,385 shares of company stock worth $268,581 over the last ninety days. 16.60% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in AGCO. APG Asset Management N.V. lifted its position in AGCO by 30.3% in the 3rd quarter. APG Asset Management N.V. now owns 24,500 shares of the industrial products company’s stock valued at $1,807,000 after acquiring an additional 5,700 shares in the last quarter. Aperio Group LLC lifted its position in AGCO by 4.0% in the 3rd quarter. Aperio Group LLC now owns 35,421 shares of the industrial products company’s stock valued at $2,613,000 after acquiring an additional 1,376 shares in the last quarter. Korea Investment CORP lifted its position in AGCO by 31.2% in the 3rd quarter. Korea Investment CORP now owns 71,500 shares of the industrial products company’s stock valued at $5,275,000 after acquiring an additional 17,000 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in AGCO in the 3rd quarter valued at approximately $679,000. Finally, Parametrica Management Ltd bought a new position in AGCO in the 3rd quarter valued at approximately $394,000. 85.23% of the stock is currently owned by institutional investors and hedge funds.
AGCO Company Profile
AGCO Corporation is a manufacturer and distributor of agricultural equipment and related replacement parts. The Company sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage equipment, implements, and grain storage and protein production systems.
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