Zurcher Kantonalbank Zurich Cantonalbank Purchases 1,905 Shares of AGCO Co. (NYSE:AGCO)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in AGCO Co. (NYSE:AGCO) by 9.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 22,215 shares of the industrial products company’s stock after purchasing an additional 1,905 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in AGCO were worth $2,697,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Cookson Peirce & Co. Inc. grew its holdings in shares of AGCO by 33.4% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 6,062 shares of the industrial products company’s stock worth $736,000 after purchasing an additional 1,517 shares during the last quarter. Mackenzie Financial Corp grew its holdings in shares of AGCO by 3.2% in the 4th quarter. Mackenzie Financial Corp now owns 723,119 shares of the industrial products company’s stock worth $87,794,000 after purchasing an additional 22,687 shares during the last quarter. Strs Ohio lifted its position in AGCO by 0.7% during the 4th quarter. Strs Ohio now owns 12,091 shares of the industrial products company’s stock worth $1,467,000 after buying an additional 87 shares in the last quarter. Vontobel Holding Ltd. lifted its position in 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 buying an additional 6,494 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in AGCO by 5.2% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 71,517 shares of the industrial products company’s stock worth $8,683,000 after buying an additional 3,531 shares in the last quarter. Institutional investors own 78.80% of the company’s stock.

AGCO Stock Performance

AGCO stock opened at $119.19 on Tuesday. 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 1 year low of $105.77 and a 1 year high of $140.46. The company has a market cap of $8.89 billion, a PE ratio of 7.63, a PEG ratio of 0.68 and a beta of 1.31. The company’s 50-day moving average is $115.49 and its two-hundred day moving average is $117.15.

AGCO (NYSE:AGCO) last announced its quarterly earnings results 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). The company had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $4.03 billion. AGCO had a net margin of 8.13% and a return on equity of 26.96%. The business’s revenue was down 2.5% compared to the same quarter last year. During the same period last year, the company earned $4.47 earnings per share. Equities analysts anticipate that AGCO Co. will post 13.07 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Oppenheimer upped their price target on shares of AGCO from $153.00 to $154.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 16th. 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. StockNews.com downgraded shares of AGCO from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Finally, Truist Financial began coverage on shares of AGCO in a research report on Thursday, March 14th. They set a “buy” rating and a $142.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $150.50.

About AGCO

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.