Mutual of America Capital Management LLC Has $3.47 Million Stock Position in AGCO Co. (NYSE:AGCO)

Mutual of America Capital Management LLC lowered its holdings in shares of AGCO Co. (NYSE:AGCO) by 4.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,462 shares of the industrial products company’s stock after selling 1,569 shares during the period. Mutual of America Capital Management LLC’s holdings in AGCO were worth $3,471,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of AGCO. Janney Montgomery Scott LLC grew its position in shares of AGCO by 161.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 5,514 shares of the industrial products company’s stock worth $669,000 after buying an additional 3,405 shares during the period. Beacon Pointe Advisors LLC acquired a new position in AGCO in the 4th quarter valued at $214,000. UBS Group AG grew its holdings in AGCO by 106.8% in the 4th quarter. UBS Group AG now owns 192,140 shares of the industrial products company’s stock valued at $23,328,000 after buying an additional 99,212 shares in the last quarter. D.A. Davidson & CO. grew its holdings in AGCO by 27.0% in the 4th quarter. D.A. Davidson & CO. now owns 2,342 shares of the industrial products company’s stock valued at $284,000 after buying an additional 498 shares in the last quarter. Finally, Corient Private Wealth LLC grew its holdings in AGCO by 176.1% in the 4th quarter. Corient Private Wealth LLC now owns 21,873 shares of the industrial products company’s stock valued at $2,656,000 after buying an additional 13,952 shares in the last quarter. Institutional investors and hedge funds own 78.80% of the company’s stock.

Insider Activity at AGCO

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

AGCO Stock Performance

Shares of AGCO opened at $94.76 on Tuesday. The firm has a market cap of $7.07 billion, a PE ratio of 6.41, a PEG ratio of 0.83 and a beta of 1.25. The stock’s fifty day moving average price is $92.25 and its two-hundred day moving average price is $104.05. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.52 and a quick ratio of 0.72. AGCO Co. has a 1 year low of $84.35 and a 1 year high of $130.26.

AGCO (NYSE:AGCO) last issued its earnings results 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 firm had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.48 billion. AGCO had a net margin of 3.13% and a return on equity of 21.17%. The business’s quarterly revenue was down 15.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.29 earnings per share. On average, equities research analysts forecast that AGCO Co. will post 8 EPS for the current year.

AGCO Announces Dividend

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

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Raymond James started coverage on AGCO in a report on Friday, June 28th. They set a “market perform” rating on the stock. Barclays reduced their price objective on AGCO from $145.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 18th. BMO Capital Markets assumed coverage on AGCO in a research note on Friday, August 9th. They issued a “market perform” rating and a $96.00 price objective on the stock. Robert W. Baird dropped their target price on AGCO from $139.00 to $129.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. Finally, StockNews.com downgraded AGCO from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $118.91.

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.