AGCO Co. (NYSE:AGCO) Shares Acquired by AIA Group Ltd

AIA Group Ltd raised its holdings in shares of AGCO Co. (NYSE:AGCO) by 203.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,204 shares of the industrial products company’s stock after purchasing an additional 5,504 shares during the period. AIA Group Ltd’s holdings in AGCO were worth $996,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Quarry LP raised its stake in AGCO by 278.0% in the 2nd quarter. Quarry LP now owns 189 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 139 shares during the last quarter. FinTrust Capital Advisors LLC purchased a new stake in AGCO during the 3rd quarter valued at about $26,000. Rakuten Securities Inc. acquired a new position in shares of AGCO in the fourth quarter valued at about $26,000. Legacy Financial Group LLC purchased a new position in shares of AGCO in the third quarter worth about $27,000. Finally, BluePath Capital Management LLC acquired a new stake in shares of AGCO during the third quarter worth about $35,000. 78.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AGCO. Truist Financial began coverage on AGCO in a research report on Thursday, March 14th. They issued a “buy” rating and a $142.00 target price on the stock. JPMorgan Chase & Co. upped their target price on AGCO from $145.00 to $150.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. StockNews.com lowered AGCO from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Finally, Oppenheimer upped their target price on AGCO from $153.00 to $154.00 and gave the company an “outperform” rating in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, AGCO currently has an average rating of “Moderate Buy” and an average price target of $150.50.

AGCO Trading Up 1.8 %

AGCO opened at $118.80 on Friday. The firm has a market cap of $8.86 billion, a price-to-earnings ratio of 7.60, a price-to-earnings-growth ratio of 0.66 and a beta of 1.31. AGCO Co. has a 52 week low of $105.77 and a 52 week high of $140.46. The business’s 50 day moving average is $115.49 and its two-hundred day moving average is $117.13. The company has a quick ratio of 0.67, a current ratio of 1.46 and a debt-to-equity ratio of 0.30.

AGCO (NYSE:AGCO) last announced its earnings results 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). AGCO had a net margin of 8.13% and a return on equity of 26.96%. The company had revenue of $3.80 billion during the quarter, compared to analysts’ expectations of $4.03 billion. During the same quarter last year, the business posted $4.47 earnings per share. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. On average, research analysts predict that AGCO Co. will post 13.07 EPS for the current year.

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.