Atria Investments Inc Makes New Investment in AGCO Co. (NYSE:AGCO)

Atria Investments Inc purchased a new stake in AGCO Co. (NYSE:AGCO) in the third quarter, according to its most recent filing with the SEC. The fund purchased 3,805 shares of the industrial products company’s stock, valued at approximately $372,000.

Several other institutional investors and hedge funds have also made changes to their positions in AGCO. LRI Investments LLC acquired a new stake in shares of AGCO during the 1st quarter valued at approximately $30,000. Blue Trust Inc. raised its position in shares of AGCO by 102.4% during the 2nd quarter. Blue Trust Inc. now owns 344 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 174 shares in the last quarter. First Horizon Advisors Inc. raised its position in shares of AGCO by 69.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 409 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 167 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of AGCO by 50.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 139 shares in the last quarter. Finally, Bessemer Group Inc. raised its position in shares of AGCO by 2,238.9% during the 1st quarter. Bessemer Group Inc. now owns 421 shares of the industrial products company’s stock valued at $51,000 after acquiring an additional 403 shares in the last quarter. 78.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on AGCO. StockNews.com lowered AGCO from a “hold” rating to a “sell” rating in a research report on Wednesday. Citigroup increased their target price on AGCO from $88.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. UBS Group dropped their target price on AGCO from $107.00 to $104.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 31st. The Goldman Sachs Group dropped their target price on AGCO from $112.00 to $99.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. dropped their target price on AGCO from $130.00 to $115.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. One equities research 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.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $114.40.

AGCO Trading Up 6.0 %

NYSE:AGCO opened at $97.53 on Friday. The company has a quick ratio of 0.72, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. AGCO Co. has a 1-year low of $84.35 and a 1-year high of $130.26. The firm has a market capitalization of $7.28 billion, a price-to-earnings ratio of 43.35, a price-to-earnings-growth ratio of 0.52 and a beta of 1.25. The stock has a fifty day simple moving average of $96.17 and a 200 day simple moving average of $97.88.

AGCO (NYSE:AGCO) last released its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.40). AGCO had a net margin of 1.35% and a return on equity of 15.79%. The company had revenue of $2.60 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same quarter last year, the business earned $3.97 EPS. The company’s revenue for the quarter was down 24.8% compared to the same quarter last year. Sell-side analysts forecast that AGCO Co. will post 7.32 earnings per share for the current year.

AGCO Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be given a $0.29 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.19%. AGCO’s dividend payout ratio (DPR) is 51.33%.

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.