XTX Topco Ltd Makes New Investment in AGCO Co. (NYSE:AGCO)

XTX Topco Ltd bought a new position in AGCO Co. (NYSE:AGCO) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 11,116 shares of the industrial products company’s stock, valued at approximately $1,088,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. FinTrust Capital Advisors LLC raised its position in shares of AGCO by 121.9% during the 1st quarter. FinTrust Capital Advisors LLC now owns 213 shares of the industrial products company’s stock valued at $26,000 after buying an additional 117 shares during the period. Manchester Capital Management LLC increased its stake in AGCO by 93.2% during the first quarter. Manchester Capital Management LLC now owns 228 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 110 shares during the last quarter. LRI Investments LLC purchased a new stake in AGCO in the first quarter valued at $30,000. Blue Trust Inc. lifted its stake in shares of AGCO by 102.4% in the 2nd quarter. Blue Trust Inc. now owns 344 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 174 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its holdings 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 worth $40,000 after purchasing an additional 167 shares during the period. 78.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at AGCO

In other news, Director Lange Bob De acquired 1,420 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was acquired at an average cost of $87.91 per share, with a total value of $124,832.20. Following the transaction, the director now owns 7,007 shares in the company, valued at $615,985.37. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other AGCO news, Director Lange Bob De bought 1,420 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were acquired at an average price of $87.91 per share, with a total value of $124,832.20. Following the transaction, the director now owns 7,007 shares of the company’s stock, valued at $615,985.37. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Michael C. Arnold purchased 1,800 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was acquired at an average cost of $87.69 per share, with a total value 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 $1,794,575.85. The disclosure for this purchase can be found here. Insiders own 16.60% of the company’s stock.

Analyst Upgrades and Downgrades

AGCO has been the topic of a number of recent analyst reports. Barclays decreased their target price on shares of AGCO from $145.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 18th. Robert W. Baird decreased 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. JPMorgan Chase & Co. dropped their target price on shares of AGCO from $130.00 to $115.00 and set an “overweight” rating for the company in a report on Wednesday, July 31st. StockNews.com cut AGCO from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Finally, UBS Group dropped their price objective on AGCO from $107.00 to $104.00 and set a “neutral” 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 issued a buy rating to the stock. According to data from MarketBeat.com, AGCO has a consensus rating of “Hold” and an average price target of $118.91.

AGCO Stock Down 1.1 %

AGCO stock opened at $94.74 on Friday. The firm has a market capitalization of $7.07 billion, a P/E ratio of 6.41, a P/E/G ratio of 0.83 and a beta of 1.25. The stock’s fifty day simple moving average is $92.33 and its 200-day simple moving average is $104.23. AGCO Co. has a twelve month low of $84.35 and a twelve month high of $130.26. The company has a current ratio of 1.52, a quick ratio of 0.72 and a debt-to-equity ratio of 0.89.

AGCO (NYSE:AGCO) last posted 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). AGCO had a net margin of 3.13% and a return on equity of 21.17%. The company had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.48 billion. During the same period in the prior year, the business earned $4.29 EPS. AGCO’s revenue for the quarter was down 15.1% on a year-over-year basis. As a group, equities analysts expect that AGCO Co. will post 8 earnings per share for the current fiscal year.

AGCO Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.22%. The ex-dividend date was Thursday, August 15th. AGCO’s dividend payout ratio (DPR) is presently 7.85%.

About AGCO

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.