State of New Jersey Common Pension Fund D Has $3.46 Million Stock Holdings in AGCO Co. (NYSE:AGCO)

State of New Jersey Common Pension Fund D raised its holdings in AGCO Co. (NYSE:AGCOGet Rating) by 7.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 36,015 shares of the industrial products company’s stock after purchasing an additional 2,441 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in AGCO were worth $3,464,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Strs Ohio boosted its holdings in shares of AGCO by 6.3% in the 2nd quarter. Strs Ohio now owns 10,243 shares of the industrial products company’s stock valued at $1,010,000 after purchasing an additional 608 shares in the last quarter. CHICAGO TRUST Co NA boosted its holdings in shares of AGCO by 68.8% during the 2nd quarter. CHICAGO TRUST Co NA now owns 2,625 shares of the industrial products company’s stock valued at $259,000 after acquiring an additional 1,070 shares in the last quarter. Xponance Inc. boosted its holdings in shares of AGCO by 9.0% during the 2nd quarter. Xponance Inc. now owns 8,026 shares of the industrial products company’s stock valued at $792,000 after acquiring an additional 661 shares in the last quarter. Texas Permanent School Fund boosted its holdings in shares of AGCO by 1.6% during the 2nd quarter. Texas Permanent School Fund now owns 44,208 shares of the industrial products company’s stock valued at $4,363,000 after acquiring an additional 704 shares in the last quarter. Finally, Hodges Capital Management Inc. boosted its holdings in shares of AGCO by 117.4% during the 2nd quarter. Hodges Capital Management Inc. now owns 10,801 shares of the industrial products company’s stock valued at $1,066,000 after acquiring an additional 5,832 shares in the last quarter. Institutional investors and hedge funds own 75.48% of the company’s stock.

AGCO Stock Performance

AGCO stock opened at $141.36 on Friday. The stock has a 50-day moving average price of $131.96 and a 200-day moving average price of $115.29. AGCO Co. has a 1-year low of $88.55 and a 1-year high of $150.28. The company has a current ratio of 1.58, a quick ratio of 0.66 and a debt-to-equity ratio of 0.52. The firm has a market cap of $10.55 billion, a PE ratio of 12.48, a price-to-earnings-growth ratio of 1.11 and a beta of 1.39.

AGCO (NYSE:AGCOGet Rating) last posted its quarterly earnings data on Tuesday, November 1st. The industrial products company reported $3.18 earnings per share for the quarter, topping the consensus estimate of $3.12 by $0.06. AGCO had a return on equity of 23.61% and a net margin of 7.13%. The firm had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.30 billion. During the same period last year, the company posted $2.41 EPS. The business’s quarterly revenue was up 13.8% on a year-over-year basis. As a group, equities research analysts expect that AGCO Co. will post 11.85 earnings per share for the current year.

AGCO Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Tuesday, November 15th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend was Monday, November 14th. AGCO’s dividend payout ratio (DPR) is presently 8.47%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on AGCO shares. Morgan Stanley raised their price objective on AGCO from $119.00 to $129.00 and gave the company an “equal weight” rating in a report on Wednesday, December 14th. Robert W. Baird started coverage on AGCO in a report on Tuesday, September 27th. They set an “outperform” rating and a $156.00 price objective on the stock. Deutsche Bank Aktiengesellschaft cut their price objective on AGCO from $137.00 to $129.00 in a report on Wednesday, November 2nd. StockNews.com raised AGCO from a “hold” rating to a “buy” rating in a research report on Thursday, November 10th. Finally, JPMorgan Chase & Co. raised their target price on AGCO from $135.00 to $155.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 13th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.90.

Insider Transactions at AGCO

In other news, Director George E. Minnich sold 1,500 shares of AGCO stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $123.70, for a total value of $185,550.00. Following the completion of the transaction, the director now directly owns 12,543 shares of the company’s stock, valued at approximately $1,551,569.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 17.40% of the company’s stock.

AGCO Profile

(Get Rating)

AGCO Corp. engages in the manufacture and distribution of agricultural equipment and related replacement parts. It operates through the following geographic segments: North America, South America, Europe and Middle East, and Asia, Pacific, and Africa. The Asia/Pacific/Africa segment includes the regions of Australia and New Zealand.

Further Reading

Institutional Ownership by Quarter for AGCO (NYSE:AGCO)

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