AGCO Co. (NYSE:AGCO) Shares Acquired by Whittier Trust Co.

Whittier Trust Co. boosted its holdings in AGCO Co. (NYSE:AGCOGet Rating) by 14.1% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 1,754 shares of the industrial products company’s stock after buying an additional 217 shares during the period. Whittier Trust Co.’s holdings in AGCO were worth $257,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of AGCO. Harbor Investment Advisory LLC purchased a new position in AGCO in the first quarter valued at approximately $58,000. Quent Capital LLC purchased a new position in AGCO in the fourth quarter valued at approximately $60,000. Confluence Wealth Services Inc. purchased a new position in AGCO in the fourth quarter valued at approximately $63,000. Covestor Ltd purchased a new position in AGCO in the fourth quarter valued at approximately $78,000. Finally, National Bank of Canada FI purchased a new position in AGCO in the fourth quarter valued at approximately $115,000. Hedge funds and other institutional investors own 77.74% of the company’s stock.

Analysts Set New Price Targets

AGCO has been the topic of several research reports. Jefferies Financial Group cut their price target on shares of AGCO from $170.00 to $150.00 in a report on Friday, July 15th. Morgan Stanley dropped their price objective on shares of AGCO from $129.00 to $111.00 and set an “equal weight” rating on the stock in a research note on Monday, July 18th. JPMorgan Chase & Co. dropped their price objective on shares of AGCO from $178.00 to $125.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 12th. StockNews.com lowered shares of AGCO from a “buy” rating to a “hold” rating in a research note on Thursday, May 5th. Finally, Citigroup dropped their price objective on shares of AGCO from $150.00 to $105.00 in a research note on Thursday, July 7th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $135.83.

AGCO Stock Performance

AGCO stock opened at $97.94 on Friday. The company has a market cap of $7.30 billion, a PE ratio of 8.22, a P/E/G ratio of 0.89 and a beta of 1.40. The company has a fifty day moving average price of $110.25 and a two-hundred day moving average price of $122.28. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.64 and a quick ratio of 0.69. AGCO Co. has a 12 month low of $88.55 and a 12 month high of $150.28.

AGCO (NYSE:AGCOGet Rating) last released its quarterly earnings data on Tuesday, May 3rd. The industrial products company reported $2.39 EPS for the quarter, topping analysts’ consensus estimates of $1.88 by $0.51. The firm had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.65 billion. AGCO had a net margin of 7.85% and a return on equity of 24.11%. The firm’s revenue was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.00 earnings per share. Research analysts expect that AGCO Co. will post 11.77 earnings per share for the current year.

AGCO Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Monday, August 15th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date is Friday, August 12th. AGCO’s dividend payout ratio is presently 8.06%.

About AGCO

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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.

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Institutional Ownership by Quarter for AGCO (NYSE:AGCO)

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