Lombard Odier Asset Management Europe Ltd Invests $1.47 Million in AGCO Co. (NYSE:AGCO)

Lombard Odier Asset Management Europe Ltd acquired a new position in shares of AGCO Co. (NYSE:AGCO) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 15,037 shares of the industrial products company’s stock, valued at approximately $1,472,000.

Several other large investors also recently modified their holdings of the stock. Forum Financial Management LP grew its position in shares of AGCO by 5.5% during the 2nd quarter. Forum Financial Management LP now owns 2,108 shares of the industrial products company’s stock worth $206,000 after buying an additional 109 shares during the period. Manchester Capital Management LLC grew its position in AGCO by 93.2% in the 1st quarter. Manchester Capital Management LLC now owns 228 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 110 shares during the period. Capital Insight Partners LLC grew its position in AGCO by 2.6% in the 2nd quarter. Capital Insight Partners LLC now owns 4,401 shares of the industrial products company’s stock valued at $431,000 after purchasing an additional 110 shares during the period. Stonehearth Capital Management LLC grew its position in AGCO by 6.8% in the 1st quarter. Stonehearth Capital Management LLC now owns 1,778 shares of the industrial products company’s stock valued at $219,000 after purchasing an additional 113 shares during the period. Finally, FinTrust Capital Advisors LLC grew its position in AGCO by 121.9% in the 1st quarter. FinTrust Capital Advisors LLC now owns 213 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 117 shares during the period. Institutional investors and hedge funds own 78.80% of the company’s stock.

Insider Activity at AGCO

In other news, Director Lange Bob De acquired 1,420 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were acquired 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 of the company’s stock, valued at approximately $615,985.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Michael C. Arnold purchased 1,800 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were purchased at an average cost 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 legal filing with the SEC, which is accessible through this link. Also, Director Lange Bob De purchased 1,420 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were bought at an average price of $87.91 per share, for a total transaction of $124,832.20. Following the completion of the transaction, the director now owns 7,007 shares of the company’s stock, valued at $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 0.0 %

NYSE AGCO opened at $94.76 on Tuesday. The stock has a market capitalization of $7.07 billion, a price-to-earnings ratio of 6.41, a PEG ratio of 0.83 and a beta of 1.25. AGCO Co. has a one year low of $84.35 and a one year high of $130.26. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.52 and a quick ratio of 0.72. The business’s fifty day moving average is $92.25 and its 200-day moving average is $104.05.

AGCO (NYSE:AGCO) last announced its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $2.53 earnings per share (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 firm had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.48 billion. During the same quarter in the prior year, the firm posted $4.29 earnings per share. The company’s revenue was down 15.1% on a year-over-year basis. Equities research analysts predict that AGCO Co. will post 8 EPS for the current year.

AGCO Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Citigroup assumed coverage on shares of AGCO in a research report on Wednesday, June 26th. They issued a “neutral” rating and a $108.00 price target for the company. UBS Group reduced their price target on shares of AGCO from $107.00 to $104.00 and set a “neutral” rating for the company in a research report on Wednesday, July 31st. Barclays cut their price objective on shares of AGCO from $145.00 to $110.00 and set an “equal weight” rating on the stock in a report on Thursday, July 18th. Robert W. Baird cut their price objective on shares of AGCO from $139.00 to $129.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. Finally, Truist Financial reaffirmed a “buy” rating and set a $118.00 price objective (down from $130.00) on shares of AGCO in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, AGCO currently has a consensus rating of “Hold” and an average price target of $118.91.

AGCO 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.