EMC Capital Management Has $322,000 Position in AGCO Co. (NYSE:AGCO)

EMC Capital Management increased its position in AGCO Co. (NYSE:AGCOFree Report) by 44.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,720 shares of the industrial products company’s stock after purchasing an additional 841 shares during the period. EMC Capital Management’s holdings in AGCO were worth $322,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Quarry LP increased its holdings in AGCO by 278.0% during the 2nd quarter. Quarry LP now owns 189 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 139 shares in the last quarter. FinTrust Capital Advisors LLC bought a new stake in AGCO during the third quarter worth $26,000. Legacy Financial Group LLC purchased a new stake in AGCO in the 3rd quarter valued at $27,000. BluePath Capital Management LLC purchased a new stake in AGCO in the 3rd quarter valued at $35,000. Finally, Covington Capital Management lifted its stake in AGCO by 227.8% during the 3rd quarter. Covington Capital Management now owns 377 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 262 shares in the last quarter. Institutional investors and hedge funds own 75.39% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on AGCO. Oppenheimer reiterated an “outperform” rating and issued a $153.00 target price on shares of AGCO in a research note on Wednesday, December 6th. JPMorgan Chase & Co. increased their price objective on shares of AGCO from $142.00 to $145.00 and gave the company an “overweight” rating in a research note on Monday, December 4th. Stifel Nicolaus cut their target price on AGCO from $160.00 to $153.00 and set a “buy” rating on the stock in a research note on Tuesday, December 19th. Finally, StockNews.com downgraded AGCO from a “buy” rating to a “hold” rating in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, AGCO currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.56.

Get Our Latest Report on AGCO

AGCO Stock Performance

Shares of AGCO stock traded up $1.39 on Monday, reaching $116.43. 187,299 shares of the company traded hands, compared to its average volume of 656,270. The company has a 50 day moving average of $119.72 and a 200 day moving average of $120.05. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.46 and a quick ratio of 0.67. AGCO Co. has a 52 week low of $109.81 and a 52 week high of $145.53. The firm has a market capitalization of $8.72 billion, a PE ratio of 7.36, a PEG ratio of 0.65 and a beta of 1.35.

AGCO (NYSE:AGCOGet Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $3.78 earnings per share for the quarter, missing the consensus estimate of $4.03 by ($0.25). The firm had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $4.03 billion. AGCO had a net margin of 8.13% and a return on equity of 26.96%. AGCO’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same period last year, the company posted $4.47 earnings per share. Equities analysts forecast that AGCO Co. will post 13.12 earnings per share for the current year.

AGCO Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Thursday, February 15th will be paid a $0.29 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.00%. AGCO’s payout ratio is 7.42%.

About AGCO

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for AGCO (NYSE:AGCO)

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