Susquehanna Fundamental Investments LLC Raises Stock Position in AGCO Co. (NYSE:AGCO)

Susquehanna Fundamental Investments LLC grew its holdings in shares of AGCO Co. (NYSE:AGCO) by 2.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 104,488 shares of the industrial products company’s stock after purchasing an additional 2,000 shares during the period. Susquehanna Fundamental Investments LLC owned about 0.14% of AGCO worth $10,227,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of AGCO. Janney Montgomery Scott LLC increased its stake in AGCO by 161.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 5,514 shares of the industrial products company’s stock worth $669,000 after purchasing an additional 3,405 shares during the period. D.A. Davidson & CO. increased its stake in AGCO by 27.0% during the fourth quarter. D.A. Davidson & CO. now owns 2,342 shares of the industrial products company’s stock worth $284,000 after purchasing an additional 498 shares during the period. Advisory Services Network LLC increased its stake in AGCO by 36.9% during the fourth quarter. Advisory Services Network LLC now owns 2,008 shares of the industrial products company’s stock worth $244,000 after purchasing an additional 541 shares during the period. Hsbc Holdings PLC increased its stake in AGCO by 188.9% during the fourth quarter. Hsbc Holdings PLC now owns 33,879 shares of the industrial products company’s stock worth $4,110,000 after purchasing an additional 22,152 shares during the period. Finally, Stifel Financial Corp increased its stake in AGCO by 145.5% during the fourth quarter. Stifel Financial Corp now owns 100,431 shares of the industrial products company’s stock worth $12,194,000 after purchasing an additional 59,525 shares during the period. 78.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on AGCO shares. The Goldman Sachs Group cut their target price on shares of AGCO from $127.00 to $112.00 and set a “neutral” rating on the stock in a research note on Thursday, July 11th. UBS Group cut their target price on shares of AGCO from $107.00 to $104.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 31st. StockNews.com lowered shares of AGCO from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Truist Financial restated a “buy” rating and set a $118.00 target price (down from $130.00) on shares of AGCO in a research note on Wednesday, July 31st. Finally, Barclays cut their target price on shares of AGCO from $145.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 18th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $118.91.

Insiders Place Their Bets

In other news, Director Michael C. Arnold purchased 1,800 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was acquired at an average price of $87.69 per share, for a total transaction of $157,842.00. Following the completion of the transaction, the director now directly owns 20,465 shares in the company, valued at approximately $1,794,575.85. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director Michael C. Arnold purchased 1,800 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was acquired at an average price of $87.69 per share, for a total transaction of $157,842.00. Following the completion of the transaction, the director now directly owns 20,465 shares in the company, valued at approximately $1,794,575.85. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Lange Bob De acquired 1,420 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were bought at an average price of $87.91 per share, with a total value of $124,832.20. Following the transaction, the director now owns 7,007 shares in the company, valued at approximately $615,985.37. The disclosure for this purchase can be found here. 16.60% of the stock is currently owned by company insiders.

AGCO Trading Up 1.6 %

NYSE:AGCO opened at $98.31 on Friday. The stock has a fifty day moving average price of $91.80 and a two-hundred day moving average price of $103.71. The stock has a market capitalization of $7.34 billion, a price-to-earnings ratio of 6.65, a PEG ratio of 0.88 and a beta of 1.25. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.72 and a current ratio of 1.52. AGCO Co. has a 1 year low of $84.35 and a 1 year high of $130.26.

AGCO (NYSE:AGCO) last released its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $2.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.90 by ($0.37). The business had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.48 billion. AGCO had a return on equity of 21.17% and a net margin of 3.13%. The company’s revenue was down 15.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.29 EPS. As a group, sell-side analysts anticipate that AGCO Co. will post 8 earnings per share for the current fiscal year.

AGCO Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Thursday, August 15th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.18%. The ex-dividend date was Thursday, August 15th. AGCO’s payout ratio is 7.85%.

About AGCO

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.