KBC Group NV boosted its stake in shares of AGCO Corporation (NYSE:AGCO) by 362.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 69,945 shares of the industrial products company’s stock after buying an additional 54,823 shares during the quarter. KBC Group NV owned approximately 0.09% of AGCO worth $5,159,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. boosted its position in AGCO by 0.8% during the third quarter. Schwab Charles Investment Management Inc. now owns 257,497 shares of the industrial products company’s stock worth $18,996,000 after purchasing an additional 2,112 shares during the period. Commonwealth Bank of Australia boosted its position in AGCO by 23.5% during the third quarter. Commonwealth Bank of Australia now owns 20,195 shares of the industrial products company’s stock worth $1,484,000 after purchasing an additional 3,840 shares during the period. Wells Fargo & Company MN boosted its position in AGCO by 59.4% during the third quarter. Wells Fargo & Company MN now owns 103,028 shares of the industrial products company’s stock worth $7,601,000 after purchasing an additional 38,377 shares during the period. Schroder Investment Management Group boosted its position in AGCO by 2.1% during the third quarter. Schroder Investment Management Group now owns 1,026,797 shares of the industrial products company’s stock worth $75,449,000 after purchasing an additional 20,724 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in AGCO by 44.3% during the third quarter. JPMorgan Chase & Co. now owns 750,005 shares of the industrial products company’s stock worth $55,109,000 after purchasing an additional 230,409 shares during the period. Institutional investors own 82.63% of the company’s stock.
A number of equities research analysts have recently issued reports on the stock. Piper Jaffray Companies set a $66.00 price target on shares of AGCO and gave the stock a “hold” rating in a report on Wednesday, August 9th. Stifel Nicolaus restated a “hold” rating and issued a $73.00 target price on shares of AGCO in a report on Wednesday, November 1st. Deutsche Bank restated a “buy” rating and issued a $90.00 target price (up previously from $88.00) on shares of AGCO in a report on Thursday, September 21st. UBS restated a “neutral” rating on shares of AGCO in a report on Friday, October 20th. Finally, Bank of America cut shares of AGCO from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $74.65 to $70.00 in a report on Friday, October 13th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $70.47.
Shares of AGCO Corporation (NYSE AGCO) opened at $70.71 on Thursday. The firm has a market cap of $5,687.78, a price-to-earnings ratio of 25.91, a P/E/G ratio of 1.80 and a beta of 0.83. AGCO Corporation has a fifty-two week low of $57.06 and a fifty-two week high of $75.58. The company has a quick ratio of 0.70, a current ratio of 1.51 and a debt-to-equity ratio of 0.63.
AGCO (NYSE:AGCO) last released its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.07. The business had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.92 billion. AGCO had a net margin of 2.59% and a return on equity of 7.50%. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.51 earnings per share. equities analysts expect that AGCO Corporation will post 3.02 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 15th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.79%. The ex-dividend date is Tuesday, November 14th. AGCO’s dividend payout ratio (DPR) is currently 22.05%.
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AGCO Company Profile
AGCO Corporation is a manufacturer and distributor of agricultural equipment and related replacement parts. The Company sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage equipment, implements, and grain storage and protein production systems.
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