XTX Topco Ltd Invests $1.09 Million in AGCO Co. (NYSE:AGCO)

XTX Topco Ltd acquired a new stake in AGCO Co. (NYSE:AGCO) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 11,116 shares of the industrial products company’s stock, valued at approximately $1,088,000.

A number of other institutional investors also recently bought and sold shares of the stock. Palouse Capital Management Inc. acquired a new stake in shares of AGCO during the second quarter worth $127,000. Vanguard Personalized Indexing Management LLC raised its stake in AGCO by 12.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 6,207 shares of the industrial products company’s stock worth $596,000 after acquiring an additional 706 shares during the last quarter. Virtu Financial LLC acquired a new stake in AGCO during the 2nd quarter worth about $771,000. Edgestream Partners L.P. acquired a new stake in AGCO during the 2nd quarter worth about $5,906,000. Finally, Dimensional Fund Advisors LP grew its stake in AGCO by 17.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,259,699 shares of the industrial products company’s stock valued at $221,187,000 after purchasing an additional 335,092 shares during the last quarter. 78.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on AGCO shares. StockNews.com downgraded AGCO from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Raymond James started coverage on shares of AGCO in a report on Friday, June 28th. They issued a “market perform” rating on the stock. Truist Financial reiterated a “buy” rating and issued a $118.00 price objective (down previously from $130.00) on shares of AGCO in a research note on Wednesday, July 31st. Oppenheimer lowered their price target on shares of AGCO from $133.00 to $132.00 and set an “outperform” rating on the stock in a report on Monday, July 22nd. Finally, Robert W. Baird reduced their price objective on AGCO from $139.00 to $129.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, AGCO currently has an average rating of “Hold” and a consensus price target of $118.91.

AGCO Price Performance

Shares of AGCO stock opened at $94.74 on Friday. The firm has a market cap of $7.07 billion, a PE ratio of 6.41, a P/E/G ratio of 0.83 and a beta of 1.25. The business has a 50-day moving average price of $92.33 and a 200 day moving average price of $104.23. The company has a quick ratio of 0.72, a current ratio of 1.52 and a debt-to-equity ratio of 0.89. AGCO Co. has a twelve month low of $84.35 and a twelve month high of $130.26.

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

AGCO Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.22%. The ex-dividend date was Thursday, August 15th. AGCO’s payout ratio is 7.85%.

Insider Activity

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

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.