AGCO (NYSE:AGCO) Trading 4.7% Higher – What’s Next?

Shares of AGCO Co. (NYSE:AGCO) shot up 4.7% during mid-day trading on Thursday . The stock traded as high as $95.61 and last traded at $95.87. 466,560 shares changed hands during trading, a decline of 41% from the average session volume of 785,127 shares. The stock had previously closed at $91.58.

Analysts Set New Price Targets

Several brokerages recently issued reports on AGCO. Morgan Stanley began coverage on shares of AGCO in a report on Tuesday, December 3rd. They set an “equal weight” rating and a $101.00 price objective on the stock. Robert W. Baird lowered shares of AGCO from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $116.00 to $100.00 in a report on Monday, March 3rd. Baird R W lowered shares of AGCO from a “strong-buy” rating to a “hold” rating in a report on Monday, March 3rd. StockNews.com raised shares of AGCO from a “sell” rating to a “hold” rating in a report on Friday, February 7th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of AGCO from $102.00 to $111.00 and gave the company an “overweight” rating in a report on Wednesday, January 15th. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $104.30.

AGCO Stock Up 6.4 %

The company has a market capitalization of $7.68 billion, a price-to-earnings ratio of -18.09, a P/E/G ratio of 1.80 and a beta of 1.24. The business’s 50-day moving average is $98.11 and its 200-day moving average is $96.27. The company has a quick ratio of 0.63, a current ratio of 1.34 and a debt-to-equity ratio of 0.60.

AGCO (NYSE:AGCO) last posted its earnings results on Thursday, February 6th. The industrial products company reported $1.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.04). AGCO had a negative net margin of 3.64% and a positive return on equity of 13.40%. As a group, equities analysts predict that AGCO Co. will post 4.2 earnings per share for the current year.

AGCO Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be given a $0.29 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.13%. AGCO’s dividend payout ratio (DPR) is currently -20.39%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AGCO. GeoWealth Management LLC purchased a new stake in shares of AGCO during the fourth quarter worth about $27,000. Brooklyn Investment Group purchased a new stake in shares of AGCO during the third quarter worth about $29,000. Allworth Financial LP increased its stake in shares of AGCO by 333.3% during the fourth quarter. Allworth Financial LP now owns 286 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 220 shares in the last quarter. UMB Bank n.a. increased its stake in shares of AGCO by 84.2% during the fourth quarter. UMB Bank n.a. now owns 337 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 154 shares in the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new stake in shares of AGCO during the fourth quarter worth about $33,000. Institutional investors and hedge funds own 78.80% of the company’s stock.

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.