Signaturefd LLC Buys 450 Shares of AGCO Co. (NYSE:AGCO)

Signaturefd LLC raised its position in shares of AGCO Co. (NYSE:AGCO) by 128.9% in the second quarter, HoldingsChannel reports. The fund owned 799 shares of the industrial products company’s stock after acquiring an additional 450 shares during the period. Signaturefd LLC’s holdings in AGCO were worth $78,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of AGCO in the second quarter valued at about $1,008,000. Innealta Capital LLC bought a new position in shares of AGCO during the second quarter worth approximately $103,000. Groesbeck Investment Management Corp NJ raised its position in shares of AGCO by 46.6% in the second quarter. Groesbeck Investment Management Corp NJ now owns 3,506 shares of the industrial products company’s stock valued at $343,000 after buying an additional 1,115 shares in the last quarter. Summit Securities Group LLC bought a new stake in shares of AGCO in the second quarter valued at approximately $147,000. Finally, Pegasus Asset Management Inc. grew its position in AGCO by 2.0% during the second quarter. Pegasus Asset Management Inc. now owns 29,625 shares of the industrial products company’s stock worth $2,900,000 after buying an additional 573 shares in the last quarter. Institutional investors and hedge funds own 78.80% of the company’s stock.

AGCO Stock Up 1.7 %

Shares of AGCO opened at $89.58 on Thursday. The stock has a market capitalization of $6.68 billion, a price-to-earnings ratio of 6.06, a PEG ratio of 0.85 and a beta of 1.25. AGCO Co. has a 52 week low of $84.35 and a 52 week high of $132.89. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.72 and a current ratio of 1.52. The stock has a fifty day moving average of $93.57 and a 200-day moving average of $105.70.

AGCO (NYSE:AGCO) last posted its earnings results on Tuesday, July 30th. The industrial products company reported $2.53 EPS for the quarter, missing the consensus estimate 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 business posted $4.29 earnings per share. AGCO’s revenue for the quarter was down 15.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that AGCO Co. will post 8 earnings per share for the current fiscal year.

AGCO Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Thursday, August 15th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Thursday, August 15th. AGCO’s dividend payout ratio (DPR) is currently 7.85%.

Insider Activity

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 stock was acquired at an average cost of $87.69 per share, for a total transaction 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 approximately $1,794,575.85. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, 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 cost of $87.69 per share, for a total transaction 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 approximately $1,794,575.85. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lange Bob De bought 1,420 shares of the firm’s stock in a transaction 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 transaction, 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.

Wall Street Analysts Forecast Growth

AGCO has been the subject of several analyst reports. Truist Financial reaffirmed a “buy” rating and issued a $118.00 price objective (down from $130.00) on shares of AGCO in a report on Wednesday, July 31st. BMO Capital Markets started coverage on shares of AGCO in a research report on Friday, August 9th. They set a “market perform” rating and a $96.00 price objective for the company. The Goldman Sachs Group decreased their target price 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. Raymond James began coverage on shares of AGCO in a report on Friday, June 28th. They set a “market perform” rating for the company. Finally, Citigroup initiated coverage on shares of AGCO in a research report on Wednesday, June 26th. They set a “neutral” rating and a $108.00 price objective for the company. One equities 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. Based on data from MarketBeat, AGCO presently has a consensus 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.