2,267 Shares in AGCO Co. (NYSE:AGCO) Purchased by Semanteon Capital Management LP

Semanteon Capital Management LP bought a new position in shares of AGCO Co. (NYSE:AGCO) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,267 shares of the industrial products company’s stock, valued at approximately $212,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. First Horizon Advisors Inc. boosted its holdings in shares of AGCO by 28.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 526 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 117 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of AGCO by 3.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,857,505 shares of the industrial products company’s stock worth $181,775,000 after purchasing an additional 66,303 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of AGCO by 3.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 454,138 shares of the industrial products company’s stock worth $44,442,000 after purchasing an additional 13,737 shares in the last quarter. Raymond James Trust N.A. boosted its holdings in shares of AGCO by 48.0% in the 3rd quarter. Raymond James Trust N.A. now owns 8,519 shares of the industrial products company’s stock worth $834,000 after purchasing an additional 2,763 shares in the last quarter. Finally, Great Valley Advisor Group Inc. boosted its holdings in shares of AGCO by 9.0% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 33,820 shares of the industrial products company’s stock worth $3,310,000 after purchasing an additional 2,781 shares in the last quarter. 78.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AGCO. Citigroup upped their price objective on AGCO from $95.00 to $98.00 and gave the stock a “neutral” rating in a report on Monday, March 17th. Baird R W cut AGCO from a “strong-buy” rating to a “hold” rating in a report on Monday, March 3rd. Truist Financial boosted their target price on AGCO from $109.00 to $118.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Robert W. Baird lowered AGCO from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $116.00 to $100.00 in a research note on Monday, March 3rd. Finally, StockNews.com raised AGCO from a “sell” rating to a “hold” rating in a research note on Friday, February 7th. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, AGCO presently has an average rating of “Hold” and an average price target of $104.60.

AGCO Trading Down 1.4 %

AGCO opened at $93.12 on Friday. The business has a 50 day simple moving average of $98.83 and a two-hundred day simple moving average of $96.69. The firm has a market capitalization of $6.95 billion, a price-to-earnings ratio of -16.37, a PEG ratio of 1.80 and a beta of 1.24. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.34 and a quick ratio of 0.63. AGCO Co. has a one year low of $84.35 and a one year high of $125.76.

AGCO (NYSE:AGCO) last released its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.97 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%. Analysts predict that AGCO Co. will post 4.2 EPS for the current year.

AGCO Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.25%. The ex-dividend date was Friday, February 14th. AGCO’s dividend payout ratio is currently -20.39%.

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.