Lange Bob De Purchases 1,420 Shares of AGCO Co. (NYSE:AGCO) Stock

AGCO Co. (NYSE:AGCO) Director Lange Bob De acquired 1,420 shares of AGCO stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average cost of $87.91 per share, for a total transaction of $124,832.20. Following the completion of the transaction, the director now directly owns 7,007 shares in the company, valued at $615,985.37. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

AGCO Stock Up 2.0 %

Shares of AGCO stock opened at $88.87 on Friday. AGCO Co. has a 1 year low of $84.35 and a 1 year high of $132.94. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.52 and a quick ratio of 1.09. The stock has a market cap of $6.63 billion, a price-to-earnings ratio of 6.01, a PEG ratio of 0.86 and a beta of 1.27. The firm’s 50-day moving average is $98.81 and its two-hundred day moving average is $109.75.

AGCO (NYSE:AGCO) last issued its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $2.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.90 by ($0.37). The business had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.48 billion. AGCO had a net margin of 3.13% and a return on equity of 21.17%. The business’s quarterly revenue was down 15.1% compared to the same quarter last year. During the same period in the previous year, the business earned $4.29 earnings per share. As a group, research analysts expect that AGCO Co. will post 7.89 earnings per share for the current fiscal year.

AGCO Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, August 15th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend is Thursday, August 15th. AGCO’s dividend payout ratio (DPR) is currently 7.85%.

Institutional Investors Weigh In On AGCO

Institutional investors have recently added to or reduced their stakes in the stock. Rock Point Advisors LLC raised its holdings in AGCO by 10.3% in the second quarter. Rock Point Advisors LLC now owns 18,519 shares of the industrial products company’s stock worth $1,813,000 after purchasing an additional 1,725 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of AGCO by 3.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 72,836 shares of the industrial products company’s stock worth $7,129,000 after acquiring an additional 2,409 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in AGCO by 22.1% during the second quarter. Oppenheimer Asset Management Inc. now owns 13,962 shares of the industrial products company’s stock valued at $1,367,000 after acquiring an additional 2,523 shares during the last quarter. Thoroughbred Financial Services LLC acquired a new stake in AGCO in the second quarter valued at approximately $221,000. Finally, SYM FINANCIAL Corp purchased a new position in AGCO in the second quarter worth $213,000. Institutional investors own 78.80% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group reduced their price target on AGCO from $127.00 to $112.00 and set a “neutral” rating on the stock in a report on Thursday, July 11th. Citigroup began coverage on AGCO in a research note on Wednesday, June 26th. They issued a “neutral” rating and a $108.00 target price on the stock. Raymond James assumed coverage on shares of AGCO in a research note on Friday, June 28th. They set a “market perform” rating for the company. JPMorgan Chase & Co. reduced their price target on shares of AGCO from $130.00 to $115.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. Finally, UBS Group decreased their price objective on shares of AGCO from $107.00 to $104.00 and set a “neutral” rating for the company in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, AGCO currently has a consensus rating of “Hold” and a consensus target price of $121.20.

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.