Rakuten Securities Inc. Makes New $26,000 Investment in AGCO Co. (NYSE:AGCO)

Rakuten Securities Inc. acquired a new position in AGCO Co. (NYSE:AGCO) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 212 shares of the industrial products company’s stock, valued at approximately $26,000.

Other large investors have also modified their holdings of the company. Lecap Asset Management Ltd. acquired a new position in shares of AGCO during the 4th quarter worth about $1,082,000. Vontobel Holding Ltd. raised its position in shares of AGCO by 6.5% during the 4th quarter. Vontobel Holding Ltd. now owns 106,351 shares of the industrial products company’s stock worth $12,912,000 after purchasing an additional 6,494 shares during the last quarter. Nordea Investment Management AB raised its position in shares of AGCO by 1.7% during the 4th quarter. Nordea Investment Management AB now owns 61,828 shares of the industrial products company’s stock worth $7,492,000 after purchasing an additional 1,036 shares during the last quarter. Vanguard Group Inc. raised its position in shares of AGCO by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 6,755,557 shares of the industrial products company’s stock worth $799,047,000 after purchasing an additional 32,583 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of AGCO by 53.1% during the 3rd quarter. Invesco Ltd. now owns 374,810 shares of the industrial products company’s stock worth $44,333,000 after purchasing an additional 130,051 shares during the last quarter. Institutional investors and hedge funds own 78.80% of the company’s stock.

AGCO Stock Up 0.4 %

AGCO stock opened at $116.73 on Friday. The company has a market cap of $8.71 billion, a price-to-earnings ratio of 7.47, a PEG ratio of 0.67 and a beta of 1.31. The company has a current ratio of 1.46, a quick ratio of 0.67 and a debt-to-equity ratio of 0.30. AGCO Co. has a 12 month low of $105.77 and a 12 month high of $140.46. The firm has a 50-day moving average of $115.42 and a two-hundred day moving average of $117.12.

AGCO (NYSE:AGCO) last released its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $3.78 EPS for the quarter, missing analysts’ consensus estimates of $4.03 by ($0.25). AGCO had a net margin of 8.13% and a return on equity of 26.96%. The business had revenue of $3.80 billion during the quarter, compared to analyst estimates of $4.03 billion. During the same quarter in the previous year, the company posted $4.47 EPS. The firm’s revenue was down 2.5% on a year-over-year basis. As a group, analysts forecast that AGCO Co. will post 13.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of AGCO from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Truist Financial assumed coverage on shares of AGCO in a research report on Thursday, March 14th. They set a “buy” rating and a $142.00 price target for the company. StockNews.com downgraded shares of AGCO from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Finally, Oppenheimer increased their price objective on shares of AGCO from $153.00 to $154.00 and gave the company an “outperform” rating in a report on Tuesday. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $150.50.

AGCO Company 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.