Teacher Retirement System of Texas grew its position in shares of AGCO (NYSE:AGCO) by 7.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,935 shares of the industrial products company’s stock after buying an additional 3,376 shares during the period. Teacher Retirement System of Texas owned about 0.07% of AGCO worth $3,368,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in AGCO. Schwab Charles Investment Management Inc. lifted its holdings in AGCO by 5.3% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 271,202 shares of the industrial products company’s stock worth $19,372,000 after buying an additional 13,705 shares during the last quarter. State of Alaska Department of Revenue bought a new position in AGCO during the 4th quarter worth approximately $285,000. SG Americas Securities LLC lifted its holdings in AGCO by 134.7% during the 4th quarter. SG Americas Securities LLC now owns 39,169 shares of the industrial products company’s stock worth $2,798,000 after buying an additional 22,477 shares during the last quarter. Hermes Investment Management Ltd. lifted its holdings in AGCO by 52.6% during the 4th quarter. Hermes Investment Management Ltd. now owns 10,073 shares of the industrial products company’s stock worth $720,000 after buying an additional 3,473 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD lifted its holdings in AGCO by 14.1% during the 4th quarter. Sumitomo Mitsui Asset Management Company LTD now owns 5,652 shares of the industrial products company’s stock worth $403,000 after buying an additional 698 shares during the last quarter. 83.61% of the stock is currently owned by institutional investors.
Get AGCO alerts:In related news, SVP Lucinda B. Smith sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, May 21st. The stock was sold at an average price of $68.50, for a total value of $102,750.00. Following the sale, the senior vice president now directly owns 44,373 shares in the company, valued at approximately $3,039,550.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 16.60% of the stock is owned by company insiders.
AGCO opened at $67.46 on Friday. AGCO has a 12 month low of $58.12 and a 12 month high of $75.95. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.65 and a current ratio of 1.50. The company has a market capitalization of $5.37 billion, a P/E ratio of 19.90, a price-to-earnings-growth ratio of 1.47 and a beta of 0.84.
AGCO (NYSE:AGCO) last posted its earnings results on Tuesday, May 1st. The industrial products company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.12 by $0.23. AGCO had a return on equity of 8.86% and a net margin of 2.54%. The firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same period last year, the firm earned ($0.02) EPS. The firm’s revenue was up 23.3% compared to the same quarter last year. research analysts expect that AGCO will post 3.81 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Tuesday, May 15th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.89%. The ex-dividend date is Monday, May 14th. AGCO’s dividend payout ratio is currently 19.87%.
A number of research analysts have commented on AGCO shares. Morgan Stanley initiated coverage on AGCO in a report on Friday, March 2nd. They set an “underweight” rating and a $69.00 target price on the stock. Credit Suisse Group dropped their price target on AGCO from $75.00 to $72.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 7th. JPMorgan Chase & Co. upgraded AGCO from an “underweight” rating to a “neutral” rating in a research report on Wednesday, February 7th. Bank of America dropped their price target on AGCO from $70.00 to $64.00 and set an “underperform” rating on the stock in a research report on Wednesday, February 7th. Finally, BMO Capital Markets dropped their price target on AGCO from $85.00 to $75.00 and set a “market perform” rating on the stock in a research report on Thursday, February 8th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company’s stock. AGCO has a consensus rating of “Hold” and a consensus target price of $72.79.
AGCO Company Profile
AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. The company offers high horsepower tractors for larger farms, primarily for row crop production; 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, and residential uses.
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