BNP PARIBAS ASSET MANAGEMENT Holding S.A. Makes New $1.01 Million Investment in AGCO Co. (NYSE:AGCO)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in AGCO Co. (NYSE:AGCO) during the 2nd quarter, HoldingsChannel reports. The fund purchased 10,300 shares of the industrial products company’s stock, valued at approximately $1,008,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AGCO. Massachusetts Financial Services Co. MA grew its holdings in AGCO by 3,115.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,192,533 shares of the industrial products company’s stock valued at $144,785,000 after buying an additional 1,155,440 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of AGCO by 11.6% in the first quarter. Vanguard Group Inc. now owns 7,565,114 shares of the industrial products company’s stock valued at $930,660,000 after purchasing an additional 784,617 shares during the period. Norges Bank acquired a new stake in AGCO during the fourth quarter worth about $83,733,000. Ilex Capital Partners UK LLP purchased a new position in AGCO during the first quarter worth about $23,569,000. Finally, Principal Financial Group Inc. boosted its holdings in AGCO by 72.8% in the 4th quarter. Principal Financial Group Inc. now owns 428,976 shares of the industrial products company’s stock valued at $52,082,000 after purchasing an additional 180,694 shares during the last quarter. 78.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at AGCO

In other news, Director Lange Bob De acquired 1,420 shares of AGCO stock in a transaction on Monday, August 5th. The stock was bought at an average price 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 in the company, valued at $615,985.37. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Michael C. Arnold bought 1,800 shares of the company’s stock in a transaction dated 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 acquisition, 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 SEC, which is available through this link. Also, Director Lange Bob De acquired 1,420 shares of the company’s stock in a transaction on Monday, August 5th. The stock was purchased 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 directly owns 7,007 shares in the company, valued at approximately $615,985.37. The disclosure for this purchase can be found here. Insiders own 16.60% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on AGCO shares. UBS Group cut their price target on shares of AGCO from $107.00 to $104.00 and set a “neutral” rating for the company in a report on Wednesday, July 31st. Barclays reduced their target price on AGCO from $145.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 18th. Oppenheimer lowered their price target on AGCO from $133.00 to $132.00 and set an “outperform” rating for the company in a report on Monday, July 22nd. The Goldman Sachs Group reduced their price objective on shares of AGCO from $127.00 to $112.00 and set a “neutral” rating on the stock in a report on Thursday, July 11th. Finally, JPMorgan Chase & Co. lowered their target price on shares of AGCO from $130.00 to $115.00 and set an “overweight” rating for the company in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $118.91.

AGCO Price Performance

AGCO stock opened at $91.04 on Tuesday. AGCO Co. has a 1 year low of $84.35 and a 1 year high of $132.94. The business’s 50-day moving average is $93.97 and its two-hundred day moving average is $105.96. 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 firm has a market capitalization of $6.80 billion, a P/E ratio of 6.16, a P/E/G ratio of 0.85 and a beta of 1.27.

AGCO (NYSE:AGCO) last announced its quarterly earnings results 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). The business had revenue of $3.25 billion for 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 firm’s quarterly revenue was down 15.1% on a year-over-year basis. During the same period last year, the firm earned $4.29 earnings per share. Analysts anticipate that AGCO Co. will post 8 earnings per share for the current fiscal year.

AGCO Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Thursday, August 15th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Thursday, August 15th. AGCO’s payout ratio is currently 7.85%.

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.